Greener Journal of Business and Management Studies

This study investigates the impact of condition surveys on determining a vessel's seaworthiness and their relationship with post-purchase performance.The objectives were to examine how condition surveys are used to assess seaworthiness and to analyze their influence on the operational performance, safety, and maintenance of vessels after purchase.Data analysis was conducted using Pearson correlation and hypothesis testing, revealing significant findings.This study evaluates the relationship between condition survey outcomes and vessel seaworthiness, as well as their effect on post-purchase performance.The mean condition survey score was 14.00, with a standard deviation of 12.45, while the mean seaworthiness score was 3.00 with a standard deviation of 1.58.The correlation coefficient (r) of 0.889 indicates a strong positive relationship between condition surveys and seaworthiness, with an R-square value of 88.9%.Similarly, the correlation between condition surveys and post-purchase performance was very high, with r = 0.913812.This suggests that condition surveys play a crucial role in predicting vessel performance.Hypothesis testing confirmed these findings.For Hypothesis 1, the calculated T-value (20) exceeded the critical T-value (1.156), leading to the acceptance of the alternative hypothesis.This demonstrates that condition surveys significantly influence seaworthiness by identifying deficiencies affecting operational safety.For Hypothesis 2, the calculated T-value (22) also exceeded the critical T-value (1.476), affirming a positive correlation between favorable condition survey results and improved post-purchase performance in terms of operational efficiency, safety, and reduced maintenance costs.The findings suggest that condition surveys not only ensure safer maritime operations but also enhance economic outcomes by minimizing maintenance costs and improving operational efficiency.Policymakers and industry stakeholders are encouraged to prioritize comprehensive condition surveys to optimize vessel acquisition processes and longterm performance.