Green premium and the role of financial investors in sustainable investment in container shipping
利用2005至2023年间2000多艘集装箱船交易数据，实证检验了二手环保集装箱船存在绿色溢价，并发现金融投资者比运营买家更倾向于投资环保船。
Sustainable investment in tangible shipping assets is important for understanding investor behaviour and promoting sustainable development in the industry and the global economy. This research presents a framework for empirically testing the existence of the “green premium” for eco-ships and the role of financial investors in containership investments. Real transaction data from over 2000 sales and purchases of containerships between 2005 and 2023 are utilized in this study. A Generalized Structural Equation Modelling is employed to investigate the relationship among variables, including vessel value, eco-ships, investor categories, age, size, and others. The finding confirms the presence of a green price premium for the second-hand container eco-ships. Furthermore, financial buyers, who typically act as lessors in the financial leasing of ships in the shipping industry, have shown a more pronounced inclination towards investing in container eco-ships compared to operating buyers.