Port Economics Management And Policy

Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors’ extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.

Port Economics is the study of the economic decisions (and their consequences) of the users and providers of port services. A port works as an "engine" for economic development. This book provides a detailed discussion of port freight service users, such as freight water and land carriers, that have their ships and vehicles serviced and their cargoes unloaded by ports, as well as passenger services such as ferry carriers which are serviced by ferry passenger ports. This text continues to enhance our understanding of port economics by exploring the economic theories, supply and demand curves, and the actual and opportunity costs relating to the carriers, shippers and passengers who use ports. This new edition has been updated throughout. This includes: An expanded discussion of container, break-bulk, dry-bulk, liquid-bulk and neo-bulk ports; An introduction of port service chains, hinterland transport chains, maritime transport chains and port multi-service congestion; A discussion of seaborne trade, dry ports, port centrality and connectivity and free trade zones. This updated and comprehensive introduction to port economics will be of benefit to students and researchers in their study of port economics and management. It is also of great importance to professionals who manage and operate ports as well as freight and passenger carriers.

Business and Economics of Port Management is a comprehensive but concise textbook and reference for insights into the workings of port industry from the business and economics perspectives. The book examines port management from various entities which include the government, port operator, shipping line, logistics companies and other port service providers. It provides in-depth discussions on strategic issues, challenges and disruptions that are faced by this industry. Given the uniqueness of each port and international nature of the port business, the book comes with useful case studies and lessons from different port regions around the world. Key lessons on challenges and issues faced by port managers, developers and regulators are highlighted and discussed using a combination of professional insights and publicly available information sources. The aim is to illustrate the decision-making process with the purpose of contributing to better outcomes for the industry, government and the public at large. Anyone who is approaching the subject matter will gain utmost understanding of how ports are critical in the global economy and societal well-being.

Towards a Better Port Industry provides professionals in freight transport and maritime logistics, and specifically the port industry, as well as students in these fields, with a better conceptual understanding of the port industry. It includes key insights and best practices for port management and development, and an overview of new trends and developments relevant for developing winning strategies. After an introduction, Chapter 2 offers a new perspective on port governance, in which public interests, corporatization, state-ownership, and shareholder policies take a central role. Chapter 3 explains how new trends and developments affect port development and argues that assuming ‘business as usual’ often leads to major port development mistakes. Chapter 4 deals with port development and discusses all major port development challenges, including granting concessions, developing a port vision, crafting stakeholder support, choosing port performance indicators and creating a port innovation system. The final chapter deals with port development strategies and includes themes such as strategies of port development companies, pricing and business development. This book will broaden professionals’ conceptual understanding of the ports industry, and provide insights on the latest developments in this area. For students, this book provides an industry-focused and non-technical ‘essential reading’ for gaining a deep understanding of the ports industry.

This book belongs to the Port Economics and Global Supply Chain Management strand of the Palgrave Studies in Maritime Economics book series, commissioned by Hercules Haralambides. This book addresses the strategic alignment between port authorities and their supply chain partners, with a focus on governance challenges. Many port (authority) managers are engaged in efforts to improve their strategic alignment with business partners in their proximate geographic region, yet the economic objectives pursued can vary widely. These objectives can include improvements in port competitiveness and stability of traffic flows, as well as better access to scarce resources such as land and capital, or simply more control over the logistics chain. Using various Benelux seaports as case studies, the authors of this volume show that improving strategic alignment can involve a wide variety of different governance choices, ranging from top-down to bottom-up alliance formation, from project-driven to multi-activity collaboration, and from long-term contracting to full-fledged mergers. This book with state-of-the-art insight on modern port governance will be of interest to port managers around the globe, as well as to lecturers and students in maritime educational programs. Chapter 4 is available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

This study applies modern economic principles to the operations of modern port facilities, ranging from new ports in the planning stages for developing nations to established American and European ports retrofitted to handle container cargos and larger vessels. It investigates all the links in the chain of port services - the transfer of goods between land and sea transportation - and offers recommendations for strengthening the weaker links. Port Economics covers the historical development of port organization and technology, production measures, short- and long-term cost functions, pricing, and investment. The capital input by the port authorities and the labor input by the cargo-handling companies are discussed, and the authors consider the utility of merging port and stevedoring charges. Queuing processes are adjusted to fit the special circumstances of port traffic, allowing for the measurement of such variables as throughput and congestion costs. The theory developed for individual ports is extended to national port systems over time. Throughout the book, elements of the theory are tested empirically against data from ports in the United States, Europe, the Middle East, and Africa. The final chapter is a large-scale case-study of the Nigerian port system, which serves to test the whole of the authors' economic theory, including such concepts developed in the later chapters as dynamic port system investment and optimal port charges. Jan Owen Jansson is Chief Economist of the Swedish National Road and Traffic Research Institute. Dan Shneerson is Senior Lecturer in Economics at the University of Haifa. Their book is the eighth in MIT Press Transportation Studies Series, edited by Marvin L. Manheim.

With 80 percent of the world’s commodities being transported by water, ports are the pillars of the global economy. Port Management and Operations offers readers the opportunity to enhance their strategic thinking and problem-solving skills, while developing market foresight. It examines global port management practices at the regulatory, commercial, technological, operational, financial, and sociopolitical levels. This powerful sourcebook describes how seaports are being affected by the changes occurring nationally, regionally, and globally. Evaluating the new regulatory framework, it pinpoints the industry’s implementation readiness and identifies potential problem areas. The book classifies the spectrum of interrelated port management principles, strategies, and activities in a logical sequence and under four cornerstones—Port Strategy and Structure, Legal and Regulatory Framework, Input: Factors of Production, and Output and Economic Framework. Detailing best practices and the latest industry developments, the book highlights emerging challenges for port managers and identifies opportunities to develop forward-thinking strategies. It examines the effectiveness of current strategies, tactics, tools, and resources of numerous global ports and highlights the necessity of adopting a proactive stance in harmonizing the laws, regulations, and policies pertaining to the maritime, oil, and gas industries. The shipping industry has myriad complexities and this book provides maritime managers and professionals with the wide-ranging and up-to-date understanding required to thrive in today’s highly competitive and evolving environment.

A port (or seaport) is a place that provides for the vessel transfer of cargo and passengers to and from waterways and shores. Port economics is concerned with the study of the economics of port services. Users of port services are those that utilize the port as part of the transportation process of moving cargo and passengers to and from origin and destination locations. Users include transportation carrriers such as shipping lines, railroads and trucking firms that perform these movements and shippers and individuals that provide the cargo and themselves as passengers to be transported. Port users demand port services, whereas port service providers such as the port terminal operator supply port services to port users. Port economics and shipping economics comprise the branch of economics known as maritime economics. This volume provides original contributions to the study of port economics: 1) the evolution of port economics; 2) economic theories of the port, port cost functions and port investment; and 3) empirical evidence on the relative efficiency of ports, the impact of ports on international maritime transport costs, the competitiveness of ports and the impact of deregulation on dockworker wages. *Provides original contributions to the study of port economics *Examines the evolution of port economics, economic theories of the port, and emprical evidence on the relative efficiency of ports, the impact of ports on transport costs, and the competitiveness of ports