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March 20th, 2015
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How is a cruise terminal selected? what is the role of institutional factors in site selection and terminal evolution? When the Asian cruise market turn one of the most dynamics around the globe, the latest study of PortEconomics members Thanos Pallis and Adolf Ng, along along with Yui-Yip Lau and Ka-Chai Tam provide an institutional analysis on how the site of Hong Kong's Kai Tak Cruise Terminal (KTCT) was selected following the closure of Kai Tak Airport in 1998. The study focuses on how the struggle of the preexisting cruise terminal...
March 10th, 2015
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By George Vaggelas PortEconomics member George Vaggelas contributes to the latest issue of Dry Cargo International magazine (February 2015) with an article presenting the business of coal handling at the Port of Thessaloniki (Greece). Coal is one of the major dry bulk cargoes in the global trade. The port of Thessaloniki is the major dry bulk port in Greece and one of the biggest in the Southern Balkan area. Coal handling plays a significant role for the port's total throughput. Currently, the port of Thessaloniki is investing in the...
February 26th, 2015
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Refrigerated containers, also known as reefers, account for a growing share of the refrigerated cargo being transported around the world. In 1980, 33% of the refrigerated transport capacity in maritime shipping was containerised, this share rapidly climbed to 72% in 2013. Because of the additional insulation, and particularly because of the power plant, a 40-foot reefer costs in the range of 6 times more than a regular container. A cold chain industry has emerged to service containerised reefer trade. So, how can we "keep it cool"? What are...
February 25th, 2015
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The development plan for Hong Kong Port, released December 2014, makes interesting reading for port planners and developers. PortEconomics co-director Peter de Langen, provides compliments to all stakeholders involved in the preparation of the plan, and provides commentary on its content. Peter's viewpoint is available via his column as "the Analyst" PortStrategy: Compliments and Comments...
February 16th, 2015
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Liquefied natural gas (LNG) serves as an attractive fuel for ships to meet the upcoming stringent environmental regulations enacted by IMO, particularly at the level of emission control areas (ECA). The use of LNG promises a good environmental performance and a foreseeable economic viability. However, a general absence of bunkering infrastructure in seaports is a significant barrier currently preventing the breakthrough of the use of LNG as a ship fuel.  Against this backdrop, PortEconomics co-director Theo Notteboom together with Siyuan...
February 15th, 2015
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By Thanos Pallis With Greek ports being part of a major reform programme, key policy-decisions lay ahead. PortEconomics co-director Thanos Pallis details the six most vital questions of all, through his view point that published in the latest issue of the major Greek maritime magazine Naftika Chronika - arguing that the requested answers will not only frame the Greek port policy during 2015, but will also decide the future of the Greek port system for many years to come. You may freely download Thanos' viewpoint (in Greek) @...
February 9th, 2015
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River tourism becomes for many ports an important development area that often requires additional infrastructure investments. As such there is a need to understand whether such investments are legitimized by the expected economic impacts. To this end, PortEconomics member Michael Dooms and PortEconomics associate member Elvira Haezendonck along with Mitchell van Balen (Vrije Universiteit Brussel, Department of Business, Unit Management and Strategy), in their latest port-study titled "River tourism development: The case of the port of...
January 27th, 2015
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The port competition in Europe with a main focus on container ports and terminals, is the theme of discussion of the latest port study of PortEconomics co-directors Theo Notteboom and Peter De Langen. Theo's and Peter's contribution entitled Container Port Competition in Europe published in the Handbook of Ocean Container Transport Logistics, International Series in Operations Research & Management Science, edited by Chung-Yee, Lee and Qiang Meng (Springer, 2015). Port competition has become a complex and multi-faceted concept...
January 19th, 2015
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'States and nations are redefining their place in the world at the present time in the wake of the economic, political and cultural transnationalization processes that have occurred in recent decades. Each country, each region is seeking to recast its role and potential in accord with its geographical location, its history and the times. This positioning is, of course, conditioned by multiple factors, which include conditions of production, economic and political interests and transport-related issues especially. Maritime transport is the...
January 14th, 2015
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The cruise industry has witnessed an uninterrupted growth over the last thirty years. An industry focused on the United States and the Caribbean emerged progressively as a global industry transporting close to 21 million passengers in 2013. While the global financial crisis of 2008–09 had a major impact over maritime shipping, cruise shipping and cruise ports continued to enjoy a steadily rising number of passengers. This growth continues with innovative, feature-rich ships, the use of an increasing number of ports of call and turnaround...
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