Haralambides ed port management, palgrave readers in economics, london. It may range from say 500 boxes of liquor to 1 million tons of oil. Bigger ships and shipping alliances reduce both the number of services bigger ships and the number of independent competitors on the route alliances. Further it will discuss how this affects countries. Liner shipping markets, networks and strategies the implications for port development on the west coast of south america the case of chile discussion paper no. Studying network design in container liner shipping. Gordon wilmsmeier and jan hoffmann additional contact information jan hoffmann.
Liner services can be operated by one company, or by a group of companies in what is known as an alliance or consortium. Theoretical chapter of an eu study on the economic impact of the european shipping sector. A central theme that has permeated the discussion on conferences and alliances is the development. Through the twin revolutions of mechanized bulk transport and containerization, it has been spectacularly successful in reducing costs and opening up the global market. Pdf the economic impact of shipping on the national economy. This paper offers an overview of the three main current trends in the liner shipping market during the last 15 years. Maritime economics second edition over the last fifty years the shipping industry has changed the shape of the world economy.
Legal and economic analysis of tramp maritime services farantouris, nikolaos, e. Port management brings together a collection of seminal papers from palgraves journal maritime economics and logistics. Logistics for their efforts especially professor haralambides, dr. Shipping economist world news, politics, economics. Aug 12, 2012 maritime economics, or maritime economics and logistics, is the holistic and integrated study of ocean transportation shipping. Pdf determinants of price and price stability in liner shipping. Pdf on mar 5, 2004, hercules e haralambides and others. Contemporary liner shipping business a game theoretical.
Pdf on mar 5, 2004, hercules e haralambides and others published determinants of price and price stability in liner shipping find, read and cite all the research you need on researchgate. Introduction shipping is a service industry that generally provides cargo transportation of international trade. In this chapter we have selected some factors of general importance as well as some factors of specific importance for the purpose of this book. The chapter starts by an aggregate picture, in which the liner shipping sector will gradually be identified from different points of view. Often, the shipping industry is categorized into two major sectors. Logistics describes the flow of goods from the initial supplier to a delivery organization, then to the final consumer. The economics of shipping in midsixteenth century bristol this chapter will examine the nature of the costs, risks and returns of the bristol shipping industry during the 1530s and 40s. Approximate 90% cargo volume of international is transported by sea. He studied economics and statistics at the piraeus graduate school of business studies, presently the university of piraeus, greece. This book is concerned with the economics of this pivotal mode of transportation.
The integration of ports and liner shipping networks 5 jeanpaul rodrigue and theo e. Economics of shortsea shipping enrico musso and ugo marchese pt. Its dominance is even more overwhelming when distances are accounted for. In addition, we are required to track existing benchmarks of trade efficiency, such as the world banks logistics performance index lpi, the doing business db indicator, or unctads liner shipping connectivity index, and somehow show that such indices improved from one year to another as a result of our work. Liner shipping connectivity as a determinant of trade. Haralambides 2007 argues that the contestability in the industry arises from. Long term trends in maritime transport, and the 50.
Shipping companies such as maersk were affected during the containerships market recession as they ordered new container ships when the industry was booming. Pdf the economic impact of shipping on the national. Aug 17, 2019 in addition, we are required to track existing benchmarks of trade efficiency, such as the world banks logistics performance index lpi, the doing business db indicator, or unctads liner shipping connectivity index, and somehow show that such indices improved from one year to another as a result of our work. Determinants of price and price stability in liner shipping.
Journal of shipping and trade jst covers shipping economics, trade and economic development, transportation management, global port management, regional. Haralambides professor haralambides was born in athens on the 18th of october 1952. Pdf the death of liner shipping conferences hercules. Apr 03, 2020 journal of shipping and trade jst covers shipping economics, trade and economic development, transportation management, global port management, regional. Research in transportation economics shipping economics. Contestability of container liner shipping market in. Determinants of a regional portcentric logistics hub. Gigantism in container shipping, ports and global logistics. Carlos barros, hercules haralambides, mohamed hussain and nicolas peypoch 17. Contestability of container liner shipping market in alliance era.
Shipping logistics studies the uptodate developments and practices of logistics in terms of the shipping and port industry. The aim of current research is to study economic impacts of liner shipping connectivity, as a significant. Liner shipping strategy, network structuring and competitive advantage. Liner shipping services are provided by carriers to shippers, through the operation of mostly. Crossindustry comparisons of the behaviour of stock returns in shipping, transportation and other. Notteboom 2 a new approach to port choice modelling 29 mateus magala and adrian sammons 3 coordination in. A survey of the modelling of dry bulk and tanker markets. Rodrigue, jp 2014 location and geographical coverage of logistics zones, in p. Structure and operations in the liner shipping industry. The estimates presented in this report are an initial effort using readily available data from various ihs. The determinants of the demand for shipping services. Unctad, palais des nations, office 7044, geneva 1211, switzerland.
Perfect competition or oligopoly in liner shipping econstor. Footnote 1 up to the beginning of the 1960s, such cargo was transported, in various forms of unitization packaging, such as pallets, slings, boxes, barrels and crates, by relatively small ships, known as general cargo ships, cargo freighters, multipurpose ships, twindeckers or multideckers. The aim of current research is to study economic impacts of liner shipping connectivity, as a significant element of port or country connectivity, and then to examine how the current economic crisis influences shipping in general and the liner shipping sector in particular. Cargo carried by liner shipping has come to be known as general cargo. Research on contestability of container liner shipping market in alliance era has been scarce. Structure and operations in the liner shipping industry 617 davies 1986 is the only author who offers an actual empirical analysis to substantiate the validity of contestability theory. Entrance gate of container terminals, in lecture notes on computer. Shipping is by far the most significant mode of transportation for the carriage of freight. Modelling competition and collusion william sjostrom. The economist offers authoritative insight and opinion on international news, politics, business, finance, science, technology and the connections between them. Through parcel size distribution psd, shippers answer the allimportant question. I am just the skipper, and i can only wish you a very good trip. Liner shipping connectivity and port infrastructure as.
Shipping concerns with the transportation of goods between two or more seaports. Find materials for this course in the pages linked along the left. Notteboom 2 a new approach to port choice modelling 29 mateus magala and adrian sammons 3 coordination in hinterland transport chains. The financial and economic crisis, its impacts on the. However, given the nature of the service and the uncertainties of international. The economic crisis impact on liner shipping connectivity. The box how the shipping container made the world smaller and the world economy bigger.
A central theme that has permeated the discussion on conferences and alliances is. Managing the time factor is an important issue in contemporary liner service design. The handbook of maritime economics and business book, 2002. Increased port congestion and infrastructure constraints are some of the reasons impeding shipping lines from delivering impeccable liner services to their customers. Haralambides who successfully directed the course and offered a lot of. It reveals that the influences on the development and current state of shipping.
Costs and revenues are shared in accordance with each companys contribution. International shipping and world trade introduction we live in a global society which is supported by a global economy, and that economy simply could not function the way it does if it were not for ships and the shipping industry. In 2006, former finance and economics editor for the economist, marc levinson released this book, which makes the case that the modern global economy would not exist were it not for introduction of the container and the liner shipping industry that moves them. Shipping is truly the linchpin of the global economy. Legal and economic analysis of tramp maritime services randolph, f. Lecture notes economics of marine transportation industries.
Multivariate autoregressive models for forecasting seaborne. Econometric modelling of newbuilding and secondhand ship prices. Hhi is a commonly accepted measure of market concentration. Linerscontainerships are important for world economy as they transport products of. Liners containerships are important for world economy as they transport products of. Haralambides who successfully directed the course and offered a. Studies indicate that, by 2016, a new port north of dar es salaam tanzania should be operational, serving, as a regional hub, the needs of the total captive and noncaptive hinterland of east african ports. Contestability of container liner shipping market in alliance. The purpose of the examination will be to reveal the business environment in which bristols shipowners operated and thus the key problems that. Oil is the major energy source powering the global economy and supplying 95 per cent of the total energy fuelling world transport.
Msc in maritime economics and logistics 20082009 liner alliance. Demand for port capacity in east africa is rising rapidly, and possibilities for expansion in the existing ports are limited. Characteristics of demand and supply of liner shipping. Organisation for economic cooperation and development. The industry is broadly defined as the operations and underlying infrastructure involved. The handbook of maritime economics and business book. Liner shipping connectivity and port infrastructure as determinants of freight rates in the caribbean. It is a dynamic volume, containing contributions from leading authors with different disciplinary backgrounds, representing a vast regional diversity.
In liner shipping, the balance of supply and demand is a critical parameter in the determination of the direction, level and stability of freight rates haralambides et al. In terms of volume alone, no other mode comes close. View shipping economics research papers on academia. Haralambides 1 1 containerization, box logistics and global supply chains.
Do carrier expectations indicate industry structure in. The liner industry is a crucial segment of the global economy and contributes significantly to world economic output. Integration of ports and liner shipping networks in h. The volume of cargoes transported by liner shipping has been increasing over the past decades. In shipping, a parcel is the amount of cargo carried in an individual packing. This cited by count includes citations to the following articles in scholar. Contestability in container liner shipping market cannot be assessed without looking. Maritime economics, or maritime economics and logistics, is the holistic and integrated study of ocean transportation shipping. The removal of some selfregulatory discipline from such an international industry where no national competition law could obviously apply will lead to more consolidation.
Xiaoning shi, weihong hu and hao hu, transport economics. As the dramatic market changes in the liner shipping business have continued, triggered. Hhi is adopted to study container liner market concentration level. For more information on unctads connectivity index, see fugazza and hoffmann. The objective of this article is to assess the economic. The impact of alliances in container shipping international. The container shipping industry and the impact of chinas accession to the wto. Often, the shipping industry is categorized into two. Increased port congestion and infrastructure constraints are some of the reasons impeding shipping lines from delivering.
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