Key profit drivers of the Container Shipping Industry under the impact of Covid-19 pandemic
2022 (English)Independent thesis Advanced level (degree of Master (One Year)), 10 credits / 15 HE credits
Student thesis
Abstract [en]
The profit of a business company comes from the revenue after deducting operation costs and taxes is subject to investors’ interest. The aim of the thesis is to find explanation for an abnormally remarkable profit that has been gained by the leading container shipping industry companies in the view of global crisis of Covid-19 pandemic 2020 - 2021 in comparison with the financial shock of 2008-2009 for which they got loss. Firstly, this research looked into the financial reports of three CSI companies and compared changes of profit before and in the Corona pandemic period. Secondly, a model of Multiple Linear Regression (MLR) was provided with profit (EBITDA) as a dependent variable and a series of independent variables from the factors impacting profit such as operating expense, market demand and supply, freight rate, fuel price. Finally, the regressions of the model were run and tested with the null hypothesis to find which the variables were decisive factors for profit gaining during two years. The regression results of three companies proved that the high increase of freight rate was the key factor that impacted on profit while the significance of other factors was not proven.
Place, publisher, year, edition, pages
2022. , p. 39
Keywords [en]
Covid-19, Container shipping industry company, Profit, EBITDA, Operating expense, Freight rate, Oil price, Market demand, Market supply
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hv:diva-18636Local ID: EXF800OAI: oai:DiVA.org:hv-18636DiVA, id: diva2:1674577
Subject / course
Business administration
Educational program
Magister i finans
Supervisors
Examiners
2022-06-222022-06-222022-06-22Bibliographically approved