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Title: A way forward for ship classification and technical services
Authors: Goh, LB
Yip, TL 
Keywords: Classification society
Industrial value chain
Porter five forces
Technical service
Issue Date: 2014
Publisher: Korean Association of Shipping and Logistics
Source: Asian journal of shipping and logistics, 2014, v. 30, no. 1, p. 51-74 How to cite?
Journal: Asian journal of shipping and logistics 
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.
ISSN: 2092-5212
EISSN: 2352-4871
DOI: 10.1016/j.ajsl.2014.04.003
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