Professional paper
EVALUATING THE EFFECTS OF ECONOMIC RECESSION ON IRANIAN SHIPPING MARKET
Amir Saeed Nooramin
; Faculty of Maritime Economics & Management Khoramshahr University of Marine Science and Technology Khoramshahr, Iran
Sajjad Abdi
; Faculty of Economics University of Tehran Tehran, Iran
Abstract
The financial crisis which started in 2007 is considered to be responsible for the creation of the greatest financial dislocations since the Great Depression in the 1930s causing a drop in the international trade.
In this respect, shipping market as the main service provider to international trade experienced a downfall wherein many shipping companies lay-upped or scrapped their vessels. The main purpose of this research is to evaluate the changes in Iranian liner shipping connectivity index caused by economic recession. For this purpose, this paper studies the Iranian economy from 2007 to 2009, i.e. the recession period, and evaluates the effects of world financial crisis on the Iranian shipping market.
Keywords
Shipping market; economic recession; Liner Shipping Connectivity Index; Iranian shipping market
Hrčak ID:
94004
URI
Publication date:
20.12.2012.
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