Efficiency and Ship Class of Shipping Companies: The Case of Greek-owned Shipping Companies

Abstract

Transport industry is a very important
factor for country’s development in various fields.
One of them is economic, since the development of
transport reinforces the trade relationships between
countries and companies. This helps countries and
firms to utilize the competitive advantage which may
have. Therefore, the volume of transport carried out
by countries could reflect their growth. This study
aims to examine the efficiency (by ship class) of
Greek-owed shipping companies, listed on New York
stock markets. The analysis was performed via BCC
model of Data Envelopment Analysis (inputs
orientation).