In the past few decades, the market environment of the liner shipping industry has changed. The most important changes are in market power and regulation, such as the Shipping Act of 1984 and the Ocean Shipping Reform Act of 1998 in the United States. We estimate and draw the time-varying...

We focus on non-storability, a characteristic of shipping freight that leads to an enormous gap between the widely-used no-arbitrage pricing theory and shipping freight derivative markets. Our main contribution is to modify and generalize the Bessembinder and Lemmon (2002) model. Equilibrium...

Port planners have to make decisions on optimal berth capacity for container port development. The main purpose of this paper is twofold. One is to review the current practices adopted by selected major ports in Asia in estimating berth and port capacities in their planning decisions. The other...

The port sectors in a country play an important role in its economy. This paper presents an input–output analysis on how the port sectors impact a concerned economy using the South African case. Moreover, this paper reports how a rectangular Supply and Use Table system of national accounts can...

Numerous studies have analyzed the productivity, efficiency, and competitiveness of ports. However, empirical studies on the environmental efficiency of ports have not yet been carried out, since all previous studies have not considered the undesirable outputs that ports generate, for instance,...

This paper considers a multimodal transportation problem, which is the problem of determining the transportation flow, i.e. volume of container cargoes, and the transportation mode in each trade route, for the objective of minimizing the sum of shipping and inland transportation costs. The...

Countries throughout the world, and especially within Asia, are investing heavily in container port infrastructure in the hopes of capturing a larger share of global shipping activity for their economies. Many existing ports are emphasizing developing the capacity to serve as a hub port,...

The current literature recognizes the relevance of supply chain orientation for ports and terminals. However, there is very little empirical study on the issue, particularly in relation to whether in fact ports are supply chain oriented. This paper contributes to the empirical literature by...