A way forward for ship classification and technical services

Lam Bee Goh, Tsz Leung Yip

Research output: Journal article publicationJournal articleAcademic researchpeer-review

8 Citations (Scopus)

Abstract

Classification societies are one of key organizations that promote the highest standards in ship safety and quality shipping. The paper reviews the ship classification industry and identifies what the classification societies can do to add value to the maritime industry more effectively. To meet this objective, an analysis of the five competitive forces is carried out, together with an opinion survey performed on some of the leading shipping companies, to assess and to establish some of the key factors which should be considered when formulating an overall business strategy for the growth of the classification services business. The findings from the study are discussed with the strategic options and choices. A classification services industrial value chain analysis together with ship management and operation is undertaken to explore the opportunities for classification societies. These findings also provide guidance to policy-makers who design and seek to implement more effective international shipping policies.
Original languageEnglish
Pages (from-to)51-74
Number of pages24
JournalAsian Journal of Shipping and Logistics
Volume30
Issue number1
DOIs
Publication statusPublished - 1 Jan 2014

Keywords

  • Classification Society
  • Industrial Value Chain
  • Porter Five Forces
  • Technical Service

ASJC Scopus subject areas

  • Business and International Management
  • Transportation
  • Management Science and Operations Research
  • Management of Technology and Innovation

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