Measuring Eco-Efficiency of the Global Shipping Sector Based on an Energy and Environmental Approach: A Dynamic Slack-Based Measure Non-Oriented Model

Abstract

The compatibility of shipping with environmental protection is a subject that the international community is becoming increasingly concerned about, considering the threat of climate change. The current study aims to assess the worldwide shipping sector’s eco-efficiency performance for the first time using the Dynamic Slack-Based assess non-oriented Data Envelopment Analysis methodology, while the visualization of the results has been made with the geographic information system of ArcGIS. The findings show that the most vibrant shipping sectors in the world, such as the Marshall Islands, present the lowest eco-efficiency levels due to the nations’ roles as tax havens for shipowners. Furthermore, traditional maritime economies such as the Chinese one show a great growth in the eco-efficiency score due to the strategies of the shipping companies that are headquartered in the region to invest and adopt Environmental, Social, and Governance principles, which help them to achieve high scores in eco-efficiency. Finally, nations with small fleets have the greatest eco-efficiency score, as local governments have engaged in sustainable activities and initiatives over the previous four to five years to enable their marine industry to thrive and dominate the market.