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The Analyst: measuring throughput & the need for global standards
Can we compare throughput figures published by ports? What is the practice today and do we need global standards? In his viewpoint - published in his Port Strategy column ast 'the Analyst', PortEconomics co-director Peter de Langen recaps: 'According to the Port of Antwerp, throughput figures of different ports cannot be compared as ports do not use uniform definitions: some ports (most importantly Singapore) apparently use freight tons (metric tons or volume tons, whichever is higher). According to Antwerp's estimates, Singapore...
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The future of terminal concessions: the portuguese case
PortEconomics co-director Theo Notteboom gave a presentation during a high-level seminar on the 'Future perspectives for port concessions' organized by ENIDH (Escola Nautica Infante D. Henrique) in late May in Lisbon, Portugal. Theo elaborated on the increasing role of performance targets in terminal concessions, in particular through the inclusion of volume guarantees, modal split targets and environmental objectives in concession contracts. Theo's presentation was followed by a lively debate between Mr. Pedro Galvão (President of CPC),...
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Incentive approaches to overcome moral hazard in port concession agreements
Incentive approaches to overcome moral hazard in port concession agreements is the subject of the recent port study conducted by PortEconomics co-director Thanos Pallis along with Grace Wang and was published in 67th issue of Transportation Research Part E, providing a game theory foundation for port concession agreements, using the incentive mechanism design. This study identifies the post contractual moral hazard problem, and provides a model involving performance-based concession fees to align successfully the Port Authorities'...
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Networks and 'hidden families' in the container port industry
The factors underlying foreign entry strategies of terminal operators in container ports is the theme of a port study by PortEconomics member Francesco Parola, along with Giovanni Satta (University of Genoa) and Simone Caschili (University College London)to appear in a forthcoming issue of the scholarly journal Maritime Policy and Management. Over the last few years, the progressive scarcity of land for greenfield projects in ports and the enormous financial resources required to realize new terminal facilities have induced international...
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PPRN: programme of the 12th annual meeting (sponsored by PortEconomics)
The preliminary program of the forthcoming meeting of the Port Performance Research Network (PPRN), that will take place on July 15, 2014, in Norfolk, US. suggests a most interesting workshop to advance further port studies around the globe. The Port Performance Research Network (PPRN) is an informal network of maritime economists interested in issues of port policy. Founded and chaired by Dr. Mary R. Brooks, and PortEconomics co-director Thanos Pallis, it was established at the International Association of Maritime Economists 2001 meeting...
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Port investment and container shipping markets: An OECD report
Which issues need to be considered in order to modernise container port systems and respond to the growth of containerised maritime trade and to the development needs of their hinterland economies? How to best mobilise private investments and best proceed to port expansions with long-life spans and a structural influence on the local and national economy? These questions are addressed in the OECD report "Port Investment and Container Shipping Markets" that is co-authored by PortEconomic co-director Thanos Pallis, PortEconomics assocaite...
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Essays on the relationship between terminal scale and port competition
Essays on the relationship between terminal scale and port competition is the theme of the doctoral thesis that was concluded by PortEconomics member Vicky Kaselimi. The research presented in this work is primarily concerned with the scale of container terminals and its ensuing relation with inter- and intra-port competition. It supports the notion that good social science is also problem driven and not only methodology driven. It proceeds to this aim by implementing modelling application and empirical testing where possible. The...
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Foreign entry strategies of terminal operators in container ports
PortEconomics member Francesco Parola, along with PortEconomics co-director Theo Notteboom, PortEconomics member Jean-Paul Rodrigue and Giovanni Satta (Department of Economics, University of Genoa) have published a port study in the 33rd issue of the scholarly Journal of the Transport Geography. The study provides an analysis of factors underlying foreign entry strategies of terminal operators in container ports. Port reforms around the world have opened regional container port terminal markets. The emergence of a wide array of...
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