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July 31st, 2017
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Celebrating 25 years since the establishment of the Association, the International Association of Maritime Economists (IAME) Annual Conference organised a special opening session to discuss the future of maritime and port economics. PortEconomics co-director Thanos Pallis presented a call for a more measured pace port studies development and dissemination. PortEconomics invites its readers to follow the link in order to download the call – and, not least, to apply the concept: Pallis A.A. (2017): Slow port studies. IAME 2017, Kyoto,...
June 29th, 2017
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By Jean-Paul Rodrigue The expansion of the Panama Canal in 2016 has been hailed as a remarkable achievement and a game changer for the shipping industry, particularly for the North American East Coast and the Caribbean. It would be accompanied with higher levels of port activity and therefore the need to invest and upgrade port infrastructure, including dredging. However, the expectations of higher container volumes transiting through the region have so far not materialized and actually the throughput of key East Coast ports has on...
June 23rd, 2017
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By Jean-Paul Rodrigue In June 14th, the Maersk-MSC-CMA-CGM-Amazon-Alibaba-Citibank-Allianz (MMCCAACA) shipping line announced the introduction of its latest ship class, the Mariana-Max. The 350,000 to 400,000 TEUs ships (depending on the load configuration) will service selected Pacific routes, over which it will replace the To-The-Max ship class of 200,000 TEUs. According to MMCCAACA executives, Mariana-Max ships will create value for their customers by reducing shipping costs per TEU by a factor of 20% (from 5 cents per TEU to 4 cents...
June 6th, 2017
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The throughput of containerized cargo in the ports of Latin America and the Caribbean fell 0.9% in 2016, according to data released today by ECLAC. This regional average continues the negative trend of deceleration that has been observed in the last few years and represents the biggest loss since the 2009 crisis. Data confirms two trends seen in the region in recent years: an overall steepening of the deceleration of foreign trade in container terminals and a high degree of heterogeneity in this activity’s growth rates within the...
May 30th, 2017
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The 2030 Agenda for Sustainable Development (ASD), the Sustainable Development Goals (SDGs) and the Paris Climate Agreement have emphasized the need for all economic sectors, including maritime transport to monitor and measure performance and track progress towards the achievement of relevant economic, social and environmental targets. Indicators measuring the performance of the maritime transport sector with multidimensional metrics spanning a range of factors (e.g. efficiency, cost-effectiveness, productivity, profitability, connectivity,...
May 27th, 2017
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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...
May 11th, 2017
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By Peter de Langen "Last month, Port of Amsterdam took a bold move for a landlord port authority: it announced its ambition to end handling coal by 2030, writes Peter de Langen. At almost 20m tonnes, coal still accounted for 25% of Amsterdam’s total throughput of around 80 million tonnes in 2014. It also accounted for a substantial part of the revenues of the port authority.  Clearly, the throughput of coal is declining due to a shift away from coal-fired power plants, and the coal-hungry steel industry is stagnating in North-West...
April 27th, 2017
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South America, as of yet, has not been able to take full advantage of its extensive system of naturally navigable waterways and in making them an integrated part of the region’s transport network to cater for the ever increasing demand for cargo and human mobility. Infrastructure limitations are one of the major obstacles for the development of inland navigation in the region and, to a certain extent, they are being addressed in most national and regional transport plans and projects Infrastructure limitations are one of the major...
April 22nd, 2017
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During the last 20 years, Latin America (LA) has seen an increase in investments in ports, as a consequence of important institutional changes. These investments have changed the availability and quality of port services, especially in the field of container ports. Furthermore, LA has been subject of greenfield or brownfield initiatives such as Lázaro Cárdenas, El Callao, Moín or Cartagena de Indias. However, similarly to other regions of the world, many Latinamerican ports remain located in the heart of big cities. These ports are...
April 20th, 2017
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 By Ricardo J. SANCHEZ and Lara MOUFTIER Given the dynamics of expansion strategies among carriers, maritime alliances have been increasing these last years and nowadays the world liner fleet is dominated by few of them. To better understand this and the puzzle of shipping alliances, we are analyzing its evolution and its effects on the current market situation. In 1992, the shipping market was driven by thirty shipping companies which represented around 63% of the total fleet. Carriers started to share capacity on assets as soon as...
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