The Korea Association of Maritime Industry recognized the study that won the 2011 IAME Best Paper award for a second time. The study co-authored by PortEconomics associate member Mary Brooks, Sean Puckett, David Hensher and Adrian Sammons, "Understanding Mode Choice Decisions: A Study of Australian Freight Shippers", was awarded the prize at the IAME 2012 Award Ceremonies in Taipei on 8 September.
The research paper examines the Australian domestic freight transport market, focusing on the decision-making process by which cargo interests and their agents make mode choice allocation decisions between land-based transport and coastal shipping. It evaluates the willingness to pay for various attributes of modal options on specific transport corridors. Such understanding lays the groundwork for being able to assess the likely impact of changes to transport prices arising from the introduction of carbon pricing or other regulatory factors. Reporting the results of a stated choice experiment, this paper identifies and quantifies freight shippers' preferences for components of services offered by freight transport providers across modes with distinct characteristics (i.e., mixes of speed (transit time), frequency of departure, reliability (two measures) and cost) in three corridors. There are seven variables examined: frequency, transit time, freight distance, direction (headhaul/backhaul), reliability as measured by delivery window, reliability as measured by delay, and price offered by the operator.
The study concludes by providing guidance on what trade-offs are relevant in shippers' choice of mode on the specific corridors under investigation in a more complex mode choice model than explored in previous research. It also examines what will likely happen if price rises as a result of carbon pricing regulation.
The paper has been published in the academic journal Maritime Economics and Logistics, in issue 3 of this year - for more information read the publication at the Journal's webpage: Understanding Mode Choice Decisions: A Study of Australian Freight Shippers
Addressing the theme, "Marine experience: Can we manage tomorrow's port without it?" the 2012 IHMA Congress will showcase technical and operational breakthroughs together with international case studies on the development and management of modern port and marine operations across the globe.
The Congress will address the following key issues:
- The role of the Harbour Master in port management and development
- The legal powers of the Harbour Master in new commercial landscape
- Managing the decline of nautical expertise in shipping and the port industry
- Port performance, port competition and the Harbour Master
- International harmonisation of port rules, regulations and procedures
- Cost cutting, efficient and safe operations in tomorrow's port
With over 100 full papers accepted and contributors from five continents, this year's IAME 2011 Conference is going to be one of the outstanding events in Latin America this year. The organising team together with UN-ECLAC as host of the event are looking forward to welcoming the IAME community and supporters to this year's event.
The current economic situation will be a key topic at this year's conference of the International Association of Maritime Economists (IAME). Environmental issues and institutional perspectives have developed as prime topics. What are the new developments in port devolution? What are emerging business strategies in the maritime and logistics industry. These are just some topics that will be discussed.
The PortEconomics team will also be there, and actively involved in discussions on ports and other maritime issues. We look forward to welcoming you in Santiago.
For more details please visit the conference's website @ www.iame2011.org