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ESG disclosure as a proxy of port corporate communication and sustainable management strategy: An LDA approach
The contemporary port industry faces intense competition, compelling port authorities and operators to enhance efficiency and effectiveness as proxies for competitiveness. Environmental, Social, and Governance (ESG) schemes have recently emerged as a means for ports to create value beyond core activities and engage broader stakeholder groups. ESG encompasses environmental, social, and governance factors influencing a company's value creation and competitiveness. The latest portstudy of PortEconomics George Vaggelas, co-authored with...
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From coal exports to green steel production? The role of circular economy precincts for sustainable port diversification
PortEconomics member Jason Monios along with Veronica Schulz, Michael G.H. Bell, John M. Rose, D. Glenn Geers (The University of Sydney Business School, Australia) examined the potential for establishing a circular economy precinct centred around green steel production at the Port of Newcastle, Australia, as a strategy to diversify the port and hinterland away from its reliance on coal exports. Using system dynamics modelling and sensitivity analysis, the study assesses the economic viability of green steel production under...
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Maritime transport in net zero
The maritime transport sector is not yet serious about decarbonisation. Policy targets remain vague regarding a commitment to full decarbonisation by 2050, while there is currently no prospect of replacing the existing fossil-fuelled fleet by this date. Even if this were likely, there is little prospect of the availability of sufficient alternative fuel to power these engines. It is becoming common to describe shipping, like aviation, as a ‘harder-to-abate’ sector (Energy Transitions Commission (ETC), 2018). Excuses are already in place,...
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Onboard carbon capture, utilisation and storage (CCUS) supply chain optimisation: an application to vessels active in the offshore wind industry
Offshore wind energy has become a key element in the energy transition. The construction and operation of offshore wind farms, however, generate additional maritime logistics demand and contribute to higher greenhouse gas emissions. The Onboard Carbon Capture, Utilisation and Storage System (OCCUS) offers a promising solution to decarbonise maritime transport. This latest publication, of PortEconomics member Theo Notteboom, titled “Onboard Carbon Capture, Utilisation and Storage (CCUS) Supply Chain Optimisation: An Application to...
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Geopolitical risks and port-related carbon emissions: evidence and policy implications
The geopolitical risks and the port-related Carbon Emissions are the theme of the latest portstudy by PortEconomics member Pierre Cariou (co-authored with Chengkun Li and Dr Dong Yang) published in the scholarly journal Transport Policy. The article addresses geopolitical risks (GPR) and their environmental implications for port-related emissions. Using a monthly panel dataset covering 269 container ports across 40 countries and regions from 2016 to 2023 and employing a system generalized method of moments (SYS-GMM) estimator, it confirms that...
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Portgraphic: Top-15 EU container ports in H1 2025
Following the strong recovery of European container ports in 2024 after the turbulence of 2023, the first half of 2025 reveals a reshuffling of growth dynamics across the top 15 EU container ports. While overall volumes remain steady, the latest figures highlight significant regional divergences and notable winners. PortEconomics member Theo Notteboom analyses, the data shows both continuity and shifts in Europe’s container port hierarchy. ✅ Baltic Hub propels Gdansk to the topGdansk leads the European ranking in terms of...
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Portgraphic: fleet capacity (owned/chartered) of container shipping lines
By Theo Notteboom The global container shipping fleet has experienced significant growth over the past few decades, driven by the steady rise in international trade. Shipping lines have expanded their fleets either through organic growth—as in the case of MSC—or through a combination of organic growth and mergers & acquisitions, like Maersk. Today, the top 20 container carriers collectively operate a fleet (including both owned and chartered vessels) with a total capacity of 30 million TEU. Three years ago, this figure...
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