Thematic Area

October 13th, 2016
Thematic Area

By Jason Monios As container ships grow ever larger to achieve greater economies of scale and hence cost savings, ports expand to be able to handle them. This expansion occurs both in terms of the physical size of berths and the speed and efficiency of handling the large drops of containers that must be moved in and out of the port gate and through the hinterland. Port systems evolve according to these trends, resulting in a concentration of container movements at a handful of hub ports within each range, and flows are then feedered to...
September 29th, 2016
Thematic Area

"A third of EU spending on facilities such as quays, docks and breakwaters at EU seaports between 2000 and 2013 was ineffective and unsustainable", according to a new report from the European Court of Auditors. The European Court of Auditors issued a report on port investments within the bloc, and its findings were rather disappointing. One euro in three spent on the projects examined (€194 million) went on projects which duplicated existing facilities nearby. €97 million was invested in infrastructure which was either unused or...
September 26th, 2016
Thematic Area

A new port study explores the multidimensional nature of “port competitiveness” arguing that port competitiveness and its drivers are significantly affected by major changes in maritime industry . The latest port study of PortEconomics member Francesco Parola, co-author with Marcello Risitano , Marco Ferretti and Eva Panetti (all at University of Naples "Parthenope") reviews research on port competitiveness that has so far focused on the identification of the drivers of port competitiveness and their measurement. The analysis...
September 15th, 2016
Thematic Area

The Review of Maritime Transport 2015 has been released by UNCTAD sheds light to developments in shipping and ports around the globe within 2015. Around 80 per cent of the volume of international trade in goods is carried by sea, and the percentage is even higher for most developing countries. The Review of Maritime Transport provides an analysis of structural and cyclical changes affecting seaborne trade, ports and shipping, as well as an extensive collection of statistical information. Chapter 4 is devoted to developments in...
September 12th, 2016
Thematic Area

With total throughput 6.36 million tonnes of dry bulk cargo, 3.98 million TEUs, 28.23 million coastal passengers and 2.07 cruise passengers in 2014, Greek ports are important actors in local, national and regional level. In 2014, their turnover exceeded the €326 million. GREPORT 2016, the Report on Greek Ports  by PortEconomics members Thanos Pallis and George Vaggelas is the first comprehensive record and analysis of the developments of the Greek port industry over the last decade. The port study, published by Port &...
September 10th, 2016
Thematic Area

By Jean-Paul Rodrigue For many years, the shipping industry has been in a situation of overcapacity, which was depressing rates and impairing the profitability of shipping lines. To make matters worse, almost every major shipping line was ordering larger containerships, caught in a vicious circle of trying to boost profitability with economies of scale. Capacity was growing faster than demand. In such as setting, there were discussion and rumors within the industry about which major shipping company would fold first in an environment...
September 4th, 2016
Thematic Area

By Jan Hoffman Chief, Trade Facilitation Section at UNCTAD (Linkedin) Containerships have never been bigger than today, container freight rates have never been lower, and never has so much container carrying capacity been idle. Not a trilemma, but three sides of the same coin. And after several years of calmness at the M&A front, we have new mergers among liner companies. In March 2016, the idle container ship fleet stands at 1.6 million TEU, and a shipper may pay less than 200 US$ to have his twenty foot container...
August 31st, 2016
Thematic Area

A port study co-authored by PortEconomics member Thomas Vitsounis received the KLU Young Researcher Best Paper Award of the Annual Conference of the International Association of Maritime Economists held in Hamburg, Germany 23-26 August 2016. The study models spillover effects across container sectors (commodities) over time. In more detail, the study conceptualizes the container port throughput as a function of different evolutions of the various sectors that make up the aggregate container output. Arguing, the container cycle may be...
August 29th, 2016
Thematic Area

By Francesco Parola After 22 years from the introduction of the landlord system (1994 Port Reform), the Italian Government approved a new reform law that is going to further reshape the organization of the whole port architecture at national level. The current 24 Port Authorities (PAs), together with other 33 minor ports, are going to be substituted by 15 Port System Authorities. In line with the rationale of the Law, PSAs inherit the duties and the power of traditional PAs, with a broader geographical scope. Existing PAs, indeed,...
August 22nd, 2016
Thematic Area

By Peter de Langen Cruises are increasingly relevant in port development so taking a look at pricing can be insightful, writes Peter de Langen. In Spain, dues charged by the port authority for cruise ships, expressed per passenger, vary from about €1 to about €6, depending on the port and ship capacity. These costs seem below the costs for the infrastructure and facilities. As a comparison, average ‘airside’ revenues of the Spanish airport company (AENA) are more than €9 per passenger. I acknowledge that this comparison...
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