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Responsible cruising and its economic impacts
The US federal budgetary funds for construction and maintenance of a port are often linked to factors such as transportation cost saving and total tonnage, but seldom to the number of passenger served. In light of the popularity of passenger cruise ships, it is essential for the US Army Corps of Engineers (USACE) to explore and incorporate cruise ports in the scope of regional economic study so a standardized and objective assessment can be provided. However, while greater economic impacts are used for marketing purposes, the results...
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Cruise ports: facing the challenges & potential EU initiatives
Which are the challenges & problems that cruise ports face? Do ‘regional’ perspectives exist? For instance, do sub-groups of European groups that face diverge challenges? Is there a North vs South dimension ? Are other parameters, such as governance (PA vs TO) and size that affect the challenges that cruise ports face? Those are the questions that PortEconomics members Thanos Pallis and Aimilia Papachristou discuss in a presentation delivered at the Jean Monnet Symposium on European Port Policy, which was held in Chios,...
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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”,...
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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...
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Cruise ports need to upscale their representation by subscribing to the WPSP
By Thanos Pallis The launching of the World Ports Sustainability Programme (WPSP) by the International Association of Ports and Harbours (IAPH), the American Association of Port Authorities (AAPA), the European Sea Ports Organisation (ESPO), AIVP – The Worldwide Network of Port Cities (AIVP) and the World Association for Waterborne Transport Infrastructure (PIANC) in March is a major step towards a responsible growth of the port industry. It is a most welcomed initiative by all of us serving ports and the maritime world. WPSP aims to...
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Learning from statistics: what do trends in the top-15 cruise ports in the Med tell us?
As data of cruise traffic hosted by European ports were revealed this week at the 2018 edition of the annual Seatrade Cruise Global event, held in Florida, US, it is worth diving in the details to better understand the trends in the Mediterranean cruise port system. Analysis by Thanos Pallis While this has been the year that the ‘2 million cruise passengers per year’ club has expanded to three - with Balearic islands ports (2,1 m.) joining Barcelona (2,7 m.), and Civitavecchia (2,2 m.) - statistics revealed another challenging year...
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Cruise lines searching for legitimacy: Stakeholder relationship management and CSR reporting
The rapid growth of the cruise industry since the beginning of the ‘90 has stimulated the ongoing debate on its positive and negative impacts at economic, social and environmental level. Under multiple stakeholder pressure, leading international cruise companies have re-shape their communication strategies by fostering their Corporate Social Responsibility (CSR) attitude to successfully manage stakeholders and support their corporate strategies. Grounding on stakeholder theory and legitimacy theory, the paper addresses cruise lines’ CSR...
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PortEconomics members study on cruise terminals wins best paper award at IAME2017
PortEconomics members Thanos Pallis, Francesco Parola, Giovanni Satta, and Theo Notteboom study on private entry and emerging partnerships in cruise terminals operations in cruise ports in the Mediterranean and its adjoining seas has won the Maritime Economics and Logistics (MEL) Best paper award at the Annual Conference of the International Association of Maritime Economists (IAME), that was held in Kyoto Japan. The study which will be soon published in the scholarly journal Maritime Economics and Logistics (MEL) details the entry...
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