PortEconomics members Thanos Pallis, Francesco Parola, Giovanni Satta, and Theo Notteboom study on private entry and emerging partnerships in cruise terminals operations in cruise ports in the Mediterranean and its adjoining seas has won the Maritime Economics and Logistics (MEL) Best paper award at the Annual Conference of the International Association of Maritime Economists (IAME), that was held in Kyoto Japan.
The study which will be soon published in the scholarly journal Maritime Economics and Logistics (MEL) details the entry strategies and implementation options of cruise terminal operators, their corporate features and strategies, and the emerging partnership dynamics in the second biggest cruise region of the world.
The findings suggest that cruise ports are subject to an initial phase of privatization and internationalization, with the on-going trajectories forcing fundamental shifts in port–cruise lines interactions. The outcomes point to the emergence of International Cruise Terminal Operators (ICTOs) and the active presence of cruise lines and others firms’ typologies. While the development path shows some similarities with what happened in container ports a few decades ago, an array of differences also emerges.
PortEconomics will update its readers on the official release of the awarded study.
Study tuned !!!