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