This article considers thc perennial topic of how to achieve an equilibrium balance between stability and competition in intermodal shipping. It argues that competition is becoming destructive, but that the imbalance is difficult to correct in a climate where competitive pressures are strong everywhere and restraints on competition are unfashionable. In this context, pricing of intermodal servi…
Returns to scale are important in container shipping; service operators are continuing to increase the size of their vessels. Mr Seok-Min Lim's article 'Economies of container ship size' (Maritime Policy and Management, 21 (2) pages 149-160.1994) uses a sample of transpacific voyages to evaluate the effect of vessel scale on revenue and cost. Although the results are inconclusive, his study is…