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September 12th, 2019
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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...
September 5th, 2019
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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...
August 30th, 2019
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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...
August 26th, 2019
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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,...
August 5th, 2019
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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...
August 1st, 2019
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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”...
July 23rd, 2019
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Draft limitation, land availability, cost differences, liner and/ or inland connectivity, regulations are possible drivers for port migration and relocation. PortEconomics members Theo Notteboom and Jean-Paul Rodrigue along with Peter Hall (Simon Fraser University, Vancouver, Canada) discussed the spatial, economic, network, environmental and governance drivers and consequences from the relocation and migration of container terminals. The discussion took place during the 17th PPRN meeting, held in Athens, Greece at the eve of IAME2019...
July 19th, 2019
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In recent years, Piraeus has emerged as one of the most dynamic container ports in Europe and beyond. Following the concession of the major container terminal to COSCO in 2009, and eventually the privatization of the entity managing the entire port in 2016, Piraeus experienced an unprecedented growth of container traffic throughput. Today it stands among the top ten European container ports. How has this been achieved? The latest port study of PortEconomics members George Vaggelas and Thanos Pallis studies this growth in the light of global...
July 12th, 2019
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LNG as a marine fuel represent a viable solution for making the maritime and port industry more sustainable, as it allows reducing emissions and pollutants, such as SOx and NOx, compared with traditional fuels. Although a number of academics and practitioners has addressed the phenomenon, by investigating environmental, social economic and financial issues related to the adoption of LNG-propulsion systems in the shipping sector, prior studies predominantly assumed a ship-owner or a shipping company’ perspective. Conversely, the analysis of...
July 5th, 2019
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By Theo Notteboom HMM recently announced that the carrier will join THE Alliance in April 2020. This marks the end of HMM's search for alliance membership after the G6 alliance ceased to exist some 4 years ago. In 1998, HMM became an alliance member for the first time when the carrier joined the New World Alliance (NWA). In the early 2010s, the NWA teamed up with the Grand Alliance members to create G6. A wave of M&A activity in the liner shipping industry resulted in a new alliance landscape in recent years. HMM found itself...
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