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Sustainable development & ocean governance: a shipping & ports perspective
The World Maritime Day is an opportunity for the international maritime community to commemorate the efforts to preserve the safety of life at sea and the marine environment protection through international mechanisms and instruments. This significant event was proclaimed by the General Assembly of the United Nations, to be celebrated on the fourth Thursday of September of each year. Each year, the International Maritime Organization confer the privilege to a country to host the Parallel Event to World Maritime Day. Therefore, in 2019...
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Ports near port cities face an uncertain future
by Ricardo J. Sanchez Very often, the largest cities in the world were built next to the ocean or rivers. For this reason, ports were built and developed in cities. However, as time went by, it was questioned whether ports were needed specifically in those locations. Around the world, cities are increasingly answering "no". The latest issue of Container Management addresses the issue, taking into account the cases of Sweden and Denmark. The causes that have motivated the decision to move the ports located in the centre of cities or in...
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Polycentric port governance
The latest port study of PortEconomics member Jason Monios applies the theory of polycentric governance to the port sector. The study demonstrates that port governance is already polycentric, including a variety of actors at different scales with overlapping jurisdictions, but some of the established principles of effective polycentric governance such as collective choice arrangements and distribution of costs are not currently in place. This has resulted in an inability to manage current challenges, which can be broadly divided into...
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Strong growth in H1 2019 for top European container ports
By Theo Notteboom The table shows the top 15 container ports in the European Union in 2018 based on container throughput expressed in TEU and the year-on-year growth for H1 2019. No growth figures were available for Marsaxlokk and Gioia Tauro. What do the figures reveal? First, with an overall weighted average growth of 5.7% (4.5% unweighted), the top 15 ports are performing better than in 2018 (+4.2%), 2017 (+4.6%), 2016 (+2.1%) and 2015 (-1.6%). Second, the top three ports recorded a weighted average growth of 6.3% in H1 2019...
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PortGraphic: container hub port competition near the straits of Gibraltar is intensifying
by Theo Notteboom The Straits of Gibraltar is strategically located on some of the most important East-West trade lanes. Ports in the wider region around the Straits have good reasons to convince shipping lines of making a call at their container terminal facilities for transhipment and interlining purposes. Algericas at the southern tip of the Iberian Peninsula was the first to reap the benefits of its geographical location. Its share in the total volume handled by the five ports considered in the graph reached close to 70% in the...
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Leading scholars around the globe launch international consortium on Climate Change Adaptation & Arctic Shipping (CCAPPTIA)
PortEconomics members have joined leading maritime scholars around the globe in forming the International Forum on Climate Change Adaptation Planning for Port, Transportation Infrastructure, and the Arctic (CCAPPTIA). The forum was officially launched in August 2019, along with its website. Founded by seven scholars in Canada, France, and Hong Kong, including PortEconomics members Adolf K.Y. Ng and Jason Monios, CCAPPTIA is an international forum that brings together leading experts, stakeholders, and right holders from academia,...
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Unveiling the configuration of Piraeus shipping cluster
With Greece being a major shipping country worldwide and Piraeus being one of the most dynamic ports in Europe, the clustering of shipping and shipping related activities can be of valuable importance in the formation of a leading maritime capital as well as a significant value added for the country’s economy. In the case of Greece and more specifically in the case of Piraeus, the presence and the structure of a shipping cluster remained unexplored. The latest port study of PortEconomics members George Vaggelas and Thanos Pallis, is...
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Port throughput allocation in the portfolio framework
Port throughput allocation in the portfolio framework is titled the new port study by PortEconomics members Francesco Parola and Giovanni Satta, co-authored with Marina Resta (University of Genoa) and Luca Perscico (University of Genoa). The study proposes a theoretical framework for port assets allocation grounding on financial portfolio optimization theory. The rationale of the study originates from recent ongoing trends affecting the port industry that, notably, in the last two decades is experiencing a dramatic “financialisation”...
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