This study examines the competitive conditions of the Containerized Liner Shipping Industry (CLSI). The degree of competition prevailing in this industry will be assessed using the Panzar and Rosse <italic>H</italic>-statistic. The properties of this non-structural methodology (e.g. using firm level data,...

<title>Abstract</title> This paper analyses the effectiveness of policy measures aimed at triggering a modal shift in the freight transport market. The analysis is based on the inventory‐theoretic framework that studies modal choice from a business logistics viewpoint. The crux of the inventory‐theoretic...

<title>A<sc>bstract</sc> </title> Since 1990s the liner shipping industry has faced a period of restructuring and consolidation, and been confronted with a continuing increase in container vessel scale. The impact of these changes is noticeable in trade patterns, cargo handling methods and shipping routes, in short...

The dry bulk shipping market is a major component of the international shipping market and it is characterized by high risk and volatility, in view of the uncertainty caused by factors such as the global economy, the volume and pattern of seaborne trade, and government policies. In such markets,...

Competition in the business world nowadays is largely between supply chains, rather than individual players only. The same situation exists in container shipping. The study looks into container shipping from an integrated perspective and investigates the nature and level of supply chain...

In this paper, we consider the benefits of applying system dynamics in maritime economics. We build an endogenous shipowners’ model for the dry bulk sector, incorporating both the decision process of individual shipowners and traditional shipping market conditions. The aim is to arrive at a...

Spurred by the expanding bulk shipping and technological innovations, dry bulk vessels have gained considerable development in ship types, ship design, and operation since the invention of the first specialized dry bulk carrier in the early 1950s. However, questions like: what changes in...