PortStudies
PortStudies
PortStudies
Shipping strategies: Global liner alliances in the port of Piraeus
How the strategic planning of a liner alliance affects the development prospects of a container port? How the relations inside the alliance are reflected on port selection? Shipping strategies and the rise of global liner alliances is the subject of PortEconomics member George Vaggelas' most recent port study. George has identified the linkages between an alliance and the ownership structure of a container port and the port's importance for the global trade, in order to better understand the evolvement of alliances strategies. His...
PortStudies
Financial operators in ports: typologies, objectives & entry modes
Over the last two decades, terminal and stevedoring industries have been experiencing a profound reorganization process produced by the port reform worldwide, the progressive opening of formerly monopolistic (local) markets and a fast internationalization of the business. The new competitive environment determined a growing commitment of private investors in the (co-)funding and management of container port facilities, and reshaped major assumptions underlying investment and financial decisions in the industry. For exploiting open window...
PortStudies
Private entry in cruise terminal operations in the Mediterranean Sea
Aiming to effectively respond to calls for upgrading cruise terminals, while safeguarding public spending, port authorities started to seek the active involvement of third parties to finance, construct, operate, and/or commercially develop cruise facilities. Specialized cruise terminals replace multi-purpose or temporary docking facilities. New cruise terminals are built and existing ones are upsized and upgraded, imposing additional investments on the hosting ports. In their award winning paper (Winner of “Best Conference Paper”,...
PortStudies
A game theory application of a cruise value chain – the case of China
Regardless of the facts showing a booming Chinese cruise market, cruise operations in China are very different from the current practices of the two major cruise markets – the US and the Mediterranean Sea. The recent port-study of PortEconomics member Grace Wang, co-authored with Qingcheng Zeng, Chenrui Qu and Joan Mileski (Texas A&M University at Galveston, USA) aims to quantify pricing strategies and possible incentive mechanisms of cruise operations in China. Using optimization in economic-based game theory, the complexity of...
PortStudies
The impact of management practices use on brazilian port authorities’ performance
The relation between management practices and the performance of Brazilian port authorities is the latest port study of PortEconomics members Peter De Langen, Jonas Mendes Constante and Larissa van der Lugt along with Guilherme Bergmann Borges Vieira, Rogério João Lunkes. The authors developed a survey-based evaluation tool of the quality of management practices . In addition, a set of operational and financial performance indicators of such port authorities and their ports was calculated. The differences in operational and financial...
PortStudies
Port co-operation: types, drivers and impediments
The port industry has witnessed a multiplication of port co-operation and integration schemes in recent years partly driven by governance reforms, public policy, political forces and market pressures. PortEconomics members Theo Notteboom, Francesco Parola and Geraldine Knatz co-edit a themed volume in the academic journal Research in Transportation Management and Business, including some major contributions on port co-operation. The edited volume contains a guest editorial and 13 full papers specifically focusing on port co-operation...
PortStudies
Port authorities willingness to cooperate: effects of objective orientation & service differentiation
Τhe effects of the objective orientation of port authorities and the level of service differentiation on the capacity, service price, profits and welfare among competing or cooperating ports are analysed in the latest port study of PortEconomics co-director Theo Notteboom co-authored with Han Cui (University of Antwerp). Theo and Han examined feasible combinations of these two factors (private objective level and service differentiation) to promote port co-operation. They applied the model starting from a mixed duopoly where a landlord...
PortStudies
GREPORT2018: Report on greek ports
GREPORT2018, the second edition of the bi-annual Report on Greek Ports, has been produced by PortEconomics members George Vaggelas and Thanos Pallis, and published by Ports & Shipping Advisory (P&SA). The report covers all the developments in the Greek Port System over the last years, including a detailed analysis of the througput and financial evolution of the major Greek ports, and terminal operators in Greece. In particular the four Section of the report are: Section I presents the key developments in the national and...
PortStudies