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October 20th, 2017
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Aiming to effectively respond to calls for upgrading cruise terminals, while safeguarding public spending, port authorities started to seek the active involvement of third parties to finance, construct, operate, and/or commercially develop cruise facilities. Specialized cruise terminals replace multi-purpose or temporary docking facilities. New cruise terminals are built and existing ones are upsized and upgraded, imposing additional investments on the hosting ports. In their award winning paper (Winner of “Best Conference Paper”,...
September 21st, 2017
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The PORTOPIA partners - including several PortEconomics members - are happy to present the outcome of the project and to shed a light on future developments during the Final Event that will take place on November 9, 2017 in the BNP Paribas Fortis Auditorium Marais in Brussels (Belgium). This event must be seen as a milestone in the data digitalisation agenda of the European port sector. Within the framework of the PORTOPIA project, a European consortium of academics, IT experts and port professionals has been working for four years on the...
September 13th, 2017
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By Peter de Langen Port development often has an important geopolitical dimension This dimension came to the fore recently with the news of the new agreement struck between China Merchants Port Holdings Company and the government of Sri Lanka on the Hambantota port development project in a remote part of Sri Lanka. The project was financed with a Chinese government loan, but so far has not attracted sufficient business to be profitable. This was not completely unexpected: the local cargo base is very small and thus the business...
September 8th, 2017
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By Theo Notteboom The table shows the top 15 container ports in the European Union in 2016 based on container throughput expressed in TEU and the year-on-year growth in H1 2017 (for some ports Q1 2017). No figures were available for Marsaxlokk. What do the figures reveal? With an overall growth figure of 3.7%, the top 15 ports are performing much better than in 2016 First, with an overall growth figure of 3.7%, the top 15 ports are performing much better than in 2016 (+2.1%) and 2015 (-1.6%). The top three recorded a...
August 28th, 2017
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PortEconomics celebrates the publication of PortReport No 2 - the second of the PortEconomics Discussion Reports series - with a study by PortEconomics member Ricardo Sanchez discussing the evolution of the Caribbean container port market over the last two decades. The Caribbean, also known as the Mar de las Antillas, is an area of 2.7 million km². It is easy to see the importance of its size by comparing it with other similar seas such as the Mediterranean (2.5 million km²), the North Sea (650 thousand km²), or the Baltic (420...
August 28th, 2017
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In 1992, UNCTAD outlined a three-generation model to classify different stages that the port industry has experienced. It illustrates that port evolution is not a linear progress but periodically with key events to re-start every stage. An important research question emerges on whether the port industry has involved to the new generation or not after more than two decades of development. To provide useful insight into this research question, PortEconomics member Adolf Ng along with Kennth H. Wong (Hutchison Port Holdings, Hong Kong,...
August 21st, 2017
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Clustering provides significant added value to companies belonging to it, well verified in practice and in literature. Informally, at least, shipping clusters exist in many cities (i.e. Singapore), some developed around a port with obscure boundaries. Such a case is the Piraeus in Greece, relying heavily on the Greek shipping companies, principal merchant fleet owners globally in terms of tonnage, located in the area in and around Piraeus. Despite the volume and importance of the shipping companies, the presence, though, of a shipping...
August 15th, 2017
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Port performance measurement is continuously gaining ground in contemporary port management. Intense competition and the progressive metamorphosis of port authorities’ idiosyncrasies towards more commercialised and industrialised entities have been vital: ports, in their vast majority, are actively engaged in the complex supply chains aiming, among others, to increase market shares. In this setting, the importance of port performance measurement emerged as a necessary condition for ports in order to benchmark their business vis-a-vis...
August 11th, 2017
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Using a game theory approach, the latest port study of PortEconomics co-director Theo Notteboom and Cui Han (University of Antwerp, Belgium) analyses a situation in which the government imposes a certain emission tax on vessels and port operations for emission control in port areas. Two ports are considered: a purely private port and a landlord (partial public) port. These two ports are in Cournot or Bertrand competition or cooperation with differentiated service. The authors' model outcomes lead to the following conclusions. First, the...
August 1st, 2017
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The rapid growth of the cruise industry since the beginning of the ‘90 has stimulated the ongoing debate on its positive and negative impacts at economic, social and environmental level. Under multiple stakeholder pressure, leading international cruise companies have re-shape their communication strategies by fostering their Corporate Social Responsibility (CSR) attitude to successfully manage stakeholders and support their corporate strategies. Grounding on stakeholder theory and legitimacy theory, the paper addresses cruise lines’ CSR...
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