PortStudies

June 20th, 2017
PortStudies

Market players active in the port industry deploy a range of financial sources to meet the growing investment requirements in port infrastructure and to fund their (overseas) expansion strategies. Recent empirical evidence shows that equity capital markets are expected to extend their role in this regard. The latest port study of PortEconomics members Theo Notteboom, Francesco Parola and Giovanni Satta, along with Luca Persico (University of Genoa) deals with the long-term performance of IPOs in the seaport industry as a strategic...
May 27th, 2017
PortStudies

The social and economic value of commercial marine shipping to Canada was the theme of a report that was published this week by the Council of Canadian Academies. The report is the outcome of the work of a 10 membes Expert panel chaired by PortEconomics member Mary R. Brooks As a maritime nation, Canada’s economy, culture, environment, and security have long been interlinked with commercial marine shipping. Critical to Canada’s historical development, marine shipping continues to be vital to international trade and the development of...
April 24th, 2017
PortStudies

The structures of the growth of the cruise port industry in the Mediterranean and its adjoining seas the last decade is the theme of a port study by Portecoomics co-director Thanos Pallis and Kleopatra Arapi. The scholars analyse passenger movements in cruise ports in the region, focusing on the trends observed and concludes on the regional dynamics, i.e. growth variations, levels of market concentration, home-porting levels and seasonality. Cruise witnessed an uninterrupted growth over the last 30 years.  While the global financial...
April 17th, 2017
PortStudies

China is home to the largest port system in the world, certainly in terms of cargo volumes. Chinese ports are subject to a unique port governance framework which differs from the traditional landlord port system found in most key ports around the world. Port governance in China is the theme of a recent port study co-authored by PortEconomics co-director Theo Notteboom and Yang Zhongzhen. The global and domestic economic slowdown and structural changes in the economic base have affected volumes and freight traffic growth in Chinese...
April 3rd, 2017
PortStudies

The port reform processes in two neighbouring East African countries, Kenya and Tanzania is the theme of PortEconomics member Michael Dooms along with Sheila Farrell (Imperial College, London, United Kingdom) new port study. The port study provides historical analysis of port reforms in Kenya and Tanzania and is accompanied by a forward-looking assessment of whether existing institutions will allow these African ports to evolve in the same direction as North European ports. The authors examine whether or not Kenya and Tanzania ports are...
March 27th, 2017
PortStudies

By the spring of 1994, Canada's dire financial situation had become apparent to the Government, and the policy decision was made to withdraw from government operation of transportation infrastructure while retaining ownership as a means of addressing Canada's fiscal challenge. Furthermore, Transport Canada's mission to make the transportation system affordable while ensuring it was safe, reliable and efficient was reaffirmed in section 5 of the Canada Transportation Act, 1995. The times were interesting as a wave of new public management...
March 27th, 2017
PortStudies

Are port governance reforms embedded in specific institutional and economic domains? In their latest port study examining the recent renovation of port governance in Italy, PortEconomics members Francesco Parola and Giovanni Satta - along with Claudio Ferrari (University of Genoa), Alessio Tei (Newcastle University, UK) and Enrico Musso (University of Genoa) - challenge traditional models and proposed an alternative contextualization of governance schemes in local territorial contexts. The study analyzes institutional trajectories in...
March 23rd, 2017
PortStudies

Compared with the port governance models and reforms endorsed in other countries, port governance in Greece has developed in many respects in a very unique way. Greece has departed from the initial choice to attempt the application of generic port governance models developed at international level opting for governance patterns that contradict the usual European model defined by the dominance of port concessions and publicly owned port authorities performing regulatory functions prototype. In a study included in a special volume...
March 17th, 2017
PortStudies

In an article included in a special volume of the scholarly journal Research in Transportation Business and Management (RTBM), revisiting port governance and port reform around the globe,  PortEconomics members Mary Brooks and Thanos Pallis are joined by Kevin Cullinane to recap port governance and policy developments in 25 countries. A wave of port reforms was observed around the globe in the 1990s and early 2000s. Although these port reforms were eclectic in both their objectives and the forms they took, they did share a common context...
March 16th, 2017
PortStudies

In an article included in a special volume of the scholarly journal Research in Transportation Business and Management (RTBM), revisiting port governance and port reform around the globe,  PortEconomics member Jasmine Lam, joined by Zengqi Xiao, recap port governance and policy developments in Singapore, emphasising the evolution of the port-city relationship. Port cities serve as a link between the local economy and the global economy, is an interaction of both urban and port systems, giving rise to its complex and dynamic...
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