Port management brings together a collection of seminal papers from palgraves journal maritime economics and logistics. Often, the shipping industry is categorized into two major sectors. Any factual or editorial corrections that may prove necessary, based on comments made by governments, will be reflectedin a. Hercules haralambides, universite paris 1 pantheonsorbonne, economics department, faculty member. 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. Pdf structure and operations in the liner shipping. Button 2007 handbook of transport modelling, elsevier. Crossindustry comparisons of the behaviour of stock returns in shipping, transportation and other. Pdf on mar 5, 2004, hercules e haralambides published.
The liner shipping industry and eu competition rules. During the last decade this process has accelerated, jointly with the introduction of megaships in the industry. Liner shipping service optimisation with reefer containers capacity. An application of core theory to the analysis of ocean. Pdf the death of liner shipping conferences hercules. Operating for a profit economics of shipping sb303. Its objective is to promote original research and disseminate cuttingedge knowledge for improving practice in the management of shipping and transport logistics, and to strengthen the theoretical base that underpins sound management decisionmaking. Analysis of the effect of cruise service supply chain network properties on economic profits by ling sun, wei liu, hanwen zhang, yan jin, gaoqiang zhuo. If you want to download and install the liner shipping economics, it is enormously simple. Transportation center, northwest 1 chapter i introduction 1.
The liner shipping industry by john bockrath approved. I compare the two models empirically with data from liner shipping conferences, legal collusive agreements that have been in force for over a century, and i conclude that the evidence supports the theory of the core. Increased port congestion and infrastructure constraints are some of the reasons impeding shipping lines from delivering impeccable liner services to their customers. R aversa, rc botter, he haralambides, hty yoshizaki. International journal of transport economics rivista internazionale di, 2004. Liner shipping connectivity and port infrastructure as determinants of freight rates in the caribbean. Gordon wilmsmeier and jan hoffmann additional contact information jan hoffmann. Ijstl combines the high standards of an academic approach with the practical value of industrial applications.
International journal of shipping and transport logistics 47 papers in press regular issues. The 9th international forum on shipping, ports and airports ifspa 2017 was successfully held from 22 25 may 2017, in hong kong. Haralambides the deployment of larger ships, liner shipping companies must. 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.
Services demand of liner shipping analysis of supply and. Their function is to provide fast, frequent, and reliable sea transport for almost any. The economic literature has studied in depth the causes for this phenomenon in the lsi, both in terms of horizontal and vertical forms of cooperation. Specifically, we address the impact ofthe ocean shipping reform act osra of 1998, which increased cartel enforcementcosts by reducing the transparency of freight rates and mandating. Notwithstanding, people in general know surprisingly little about the basic facts of the liner shipping industry, and, in particular, about the economics ofliner shipping. Liner shipping is the service of transporting goods by means of high capacity, oceangoing ships that transit regular routes on fixed schedules.
Talley is professor of economics at old dominion university, norfolk, virginia, where he is the executive director of the maritime institute and holds the designations of eminent scholar and the frederick w. The proceedings contained a collection of 0 full papers out of 83 presentations 2 presented during the conference. In one year, a single large containership might carry over 200,000 container loads of cargo. The economic crisis impact on liner shipping connectivity. Sirimanne, director of the division on technology and logistics of unctad, and under the coordination. The aim of current research is to study economic impacts of liner shipping connectivity, as a significant. This study examines whether the observed increases in vessel size are supported by the fundamentals of economies of scale, as allegedly occurs with container ships. Patrice maranda 2019 controlling running cost when a shipowner makes the initial investment he has considerable control over the way the unit cost is structured. Hercules haralambides editor in chief maritime economics.
Four of the most important strategic decisions for a liner shipping company are which trade lanes to participate in, the target market share, the long term. A thing of the past really, after the unanimous eu council decision to repeal regulation 4056, which exempted them from competition law. Mar 01, 2017 the economic implication of contestable market explains why alliance formation prevail in latest container liner shipping market. Pdf the economics of bulk shipping pools researchgate. Feb 24, 2020 cargo carried by liner shipping has come to be known as general cargo. Disruptions and resilience in global container shipping and ports. Economies of scale in international liner shipping and.
The aim of this investigation is to examine the phenomena of strategic alliances among maritime carriers. It is a dynamic volume, containing contributions from leading authors with different disciplinary backgrounds, representing a vast regional diversity. All content in this area was uploaded by hercules e haralambides on jun 20, 2015. Economies of scale in cruise shipping springerlink. Approximate 90% cargo volume of international is transported by sea. Corbett and james winebrake, energy and environmental research associates, the united states, as a contribution to the oecd itf global forum on transport and environment in a globalising world that will be held 1012 november 2008 in guadalajara, mexico. Next, we will discuss the energy use and environmental consequences that maritime.
Certificate in shipping business diploma in shipping logistics jamaica maritime institute 8 1 distance education course sb 303. A survey of the modelling of dry bulk and tanker markets. While individual ships vary in size and carrying capacity, many container ships can transport as many as 10,000 containers of goods and products on a single voyage. International journal of transport economicsrivista internazionale di, 2004. An allocation model for the eastwest trades forthcoming. Gigantism in container shipping, ports and global logistics. Jan 01, 2007 intrafirm cooperation ranks among the major organizational innovations to have taken place in the liner shipping industry lsi over the last decades. The liner shipping industry is the primary conduit of world trade. The cruise industry has evolved rapidly over the past decades, with the building and operation of everlarger cruise ships being a key factor in this growth. He is also the editorinchief of transportation research part e. Economics of liner shipping economics of shipping module c. Logistics for their efforts especially professor haralambides, dr. We then introduce a research methodology to analyze intercontainer.
The liner shipping industry mirrors the poor performance of shipping in general. Competition issues in liner shipping, contribution from. Structure and operations in the liner shipping industry. Costs, benefits and pricing of dedicated container terminals. Haralambides center for maritime economics and logistics mel, econometric institute, erasmus university rotterdam, po box 1738, 3000 dr rotterdam, the netherlands 1. Unprecedented survey of maritime economics provides full coverage of shipping and port economics in depth examinations offer an uptodate study of the field including all facets of shipping, ports, logistics, and maintenance and topical discussion on security and environmental problems. Erasmus university, erasmus university, rotterdam chapter 40 in hensher, d. International journal of maritime economics 4 1, 24, 2002. According to world shipping council, liner shipping is the service of transporting goods by means of high. Haralambides structure and operations in the liner shipping industry, feb 2016. Technology advances make it possible to achieve market efficiency in absence of real entryexit barriers and without actual competition, which is a highly significant implication for policy makers. It discusses the impacts of globalisation on international maritime transport. Purchase shipping economics, volume 12 1st edition.
Liner companies have responded to these challenges by engaging in mergers and acquisitions and by forming global strategic alliances. Pdf bulk shiping pools are predominately west european with a strong scandinavian. Ship charterpurchase decisions guest lecture by sydney levine, shipping intelligence inc. Introduction shipping is a service industry that generally provides cargo transportation of international trade. Contestability of container liner shipping market in alliance era. Roar adland professor of shipping economics verified email at nhh.
Cargo carried by liner shipping has come to be known as general cargo. I have lately said enough on liner shipping conferences. I am just the skipper, and i can only wish you a very good trip. Legal and economic analysis of tramp maritime services randolph, f. Managing the time factor is an important issue in contemporary liner service design. In fact, haralambides and veenstra 2000 note that th. Regulation and managerial decisionmaking in a global industry. There are approximately 400 liner services in operation today. While individual ships vary in size and carrying capacity, many container ships can transport as many as 10,000 containers of. May, 2020 the cruise industry has evolved rapidly over the past decades, with the building and operation of everlarger cruise ships being a key factor in this growth.
Lecture notes economics of marine transportation industries. Contestability in container liner shipping market cannot be assessed without looking. The liner shipping industry is the primary conduit of world trade and an increasingly important part of the maritime industry. The economic consequences of market structure in the liner shipping industry by john bockrath a dissertation submitted to the faculty of the university of delaware in partial. For example, a verylarge crude carrier vlcc of 280kt dwt.
International journal of shipping and transport logistics. Liner shipping is the most efficient mode of transport for goods. Econometric modelling of newbuilding and secondhand ship prices. Unctad, palais des nations, office 7044, geneva 1211, switzerland. This is because in most cases, operating, voyage, and capital costs does not increase in proportion to the ships deadweight. Oct, 2004 this paper examines the current economic environment and recent legislative changesin the u. Economic agents who consistently make wellinformed decisions based on accurate. The case of ocean liner shipping markets, maritime economics. The topics covered include shipping economics, port strategy, airport.
Thus, for the time being, i am moving them from my classes in maritime economics to those of maritime history. This has caused the number of operators in the market to fall to only four big alliances controlling the 99% of the market share. A large majority of international trade moves by sea, and the liner shipping share in total freight revenue exceeds onehalf. The blackwell companion to maritime economics wiley online. The economic consequences of market structure in the liner shipping industry john bockrath november 3, 2015 over the last twenty years a wave of consolidation has swept through the oceanic liner shipping industry, leaving the industry dominated by a small number of large rms organized into a handful of strategic. Pdf determinants of price and price stability in liner shipping. Contestability of container liner shipping market in. Economic shocks test the resilience and adaptability of the shipping industry and.
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