International Handbook Of Maritime Economics

‘The International Handbook of Maritime Economics, expertly edited by Kevin Cullinane, is a very welcome addition to the maritime economics literature. Reflecting the widened scope of the International Association of Maritime Economics, it covers traditional maritime economics nicely complemented with port economics and management as well as hinterland transport. The book also balances shipping segments, geographical areas and management perspectives. The contributors clearly demonstrate their leading expertise when putting shipping into a trade, logistics and policy context. I sincerely recommend this book to anyone interested in contemporary shipping issues.’
– Johan Woxenius, University of Gothenburg, Sweden

‘This is an innovative collection of papers that will be of particular value to universities and organizations with responsibilities in maritime research. The twenty researched chapters raise stimulating and significant questions and advance the contribution of quantitative methods in maritime research. The chapters include topics in the dry bulk, tanker, liner and port sectors, with greatest coverage of the latter two sectors. Many of the chapters will interest managers as well as researchers.’
– Trevor Heaver, University of British Columbia, Canada

‘This International Handbook of Maritime Economics offers a broad variety of contributions, illustrating that the interface of maritime economics with the wider transport community is much stronger than it was before. To the already broad literature in the field of maritime economics, this is a most welcome addition.’
– Eddy Van de Voorde, University of Antwerp, Belgium

This timely and comprehensive new Handbook brings together an unrivalled group of distinguished scholars and practitioners to provide in-depth analysis and a contemporary perspective on a wide-ranging array of topics in maritime economics.

Inherently global in nature, the economics of the maritime sector has proved pivotal in facilitating globalization and international trade. This Handbook offers a unique and indispensable source of reference and information for researchers, students and practitioners interested in the relationship between these developments and maritime markets.

This well-documented Handbook will appeal to postgraduate students of maritime studies, international business, international trade, economics and marine technology. Managers and workers within the maritime sector will also find much to interest them in this book.

Contents:

1. Editor’s Introduction: We Never Know the Worth of Water Till the Well is Dry
Kevin Cullinane

2. The Maritime Industry: Key Developments in Seaborne Trade, Maritime Business and Markets
Hassiba Benamara, Jan Hoffmann and Vincent Valentine

3. The Option to Change the Flag of a Vessel
Manolis G. Kavussanos and Andrianos E. Tsekrekos

4. Fixtures-based Freight Rate Indices, and their Impact on Freight Rate Modelling in the Shipping Industry
Albert Veenstra and Jan van Dalen

5. Fundamental Analysis and Relative Efficiency of Maritime Firms: Dry Bulk vs Tanker Firms
Photis Panayides and Neophytos Lambertides

6. Modelling the Impact of Double Hull Technology on Oil Spill Numbers
David Glen

7. An Investigation into the Effect of Risk Management on the Profitability of Shipping Investment and Operations
Amir H. Alizadeh and Nikos Nomikos

8. Structural Factors Underlying Mergers and Acquisitions in Liner Shipping
Mike Fusillo

9. Liner Shipping Networks and Market Concentration
Ricardo J. Sanchez and Gordon Wilmsmeier

10. One-Hundred Percent Scanning of Port Containers: The Impact on Maritime Transport Chains
Wayne Talley

11. Are Bunker Adjustment Factors Aimed at Revenue-making or Cost Recovery? Empirical Evidence on the Pricing Strategies of Shipping Lines
Theo Notteboom and Pierre Cariou

12. The Value of Direct Call Services by Container Shipping Lines in Northern Europe: Support Model for Strategic Scenario Development and Case Study
Arne Jensen and Rickard Bergqvist

13. An Analysis of Short Sea Shipping as an Alternative for Freight Transport
Lourdes Trujillo, Francesca Medda and María M. González

14. Optimal Inventory Control for Empty Containers in a Port with Random Demands and Repositioning Delays
Dong-Ping Song and Qing Zhang

15. Measuring Competition between Ports
Simme Veldman and Eric van Drunen

16. Captive and Contestable Port Hinterlands: Modelling and Visualization using GIS
Jacob Kronbak and Kevin Cullinane

17. Seaport Efficiency and Productivity Growth
Carlos Barros, Hercules Haralambides, Mohamed Hussain and Nicolas Peypoch

18. A Multi-step Approach to Model the Relative Efficiency of European Ports: The Role of Regulation and Other Non-discretionary Factors
Angela Stefania Bergantino and Enrico Musso

19. Is Puerto Limon a Real Lemon? Port Inefficiency and its Impact
Paul Kent and Alan Fox

20. Port Performance in Changing Logistics Environments: Measurement Development and Model Testing
Su-Han Woo and Stephen Pettit

Index