The liner shipping industry has experienced fundamental changes in recent years due to globalization, deregulation, horizontal/vertical integration, (increased) cooperation, rationalization, developments in information technology, consolidation and increased concentration. These developments may affect competition. As in other industries, competition in the (containerized) liner shipping indust…
Purpose - The purpose of this paper is to report an explicit taxonomy of maritime operations (MO) to guide Harbour Masters (HM)s of smaller ports in planning more sustainable operations. Design/methodology/approach – This research presents strategies for building theory to promote more sustainable port management in a two-stage research design. Starting from a base taxonomy in research stag…
This paper explores the current feature of the service provision in the shipping industry and contributes to a more thorough understanding of the industry. A questionnaire was developed to examine the performance of service providers assessed by international shippers in the UK and South Korea. We find that British shippers are more likely to be satisfied with the diversified service provision …
This paper explores the current feature of the service provision in the shipping industry and contributes to a more thorough understanding of the industry. A questionnaire was developed to examine the performance of service providers assessed by international shippers in the UK and South Korea. We find that British shippers are more likely to be satisfied with the diversified service provision …
A central objective of port privatization and/or deregulation policies is stimulating greater efficiency by engendering a more competitive market and commercial approach to management. Korea provides a prime example of a nation that is implementing such policies. Also, its ports play a pivotal role in world shipping, particularly in the ever-burgeoning container market. The success of these pol…
Korea has achieved remarkable economic growth over the last three decades. This has largely been due to the adoption of export-oriented economic policies. This economic development has resulted in a rapid increase in export and import cargoes. Since the foreign trade of Korea is carried predominantly by sea transport (approximately 99.8% in terms of volume), ports play a crucial role in this pr…
This paper investigated if differences of the profits of the Korean and other global shipping companies were affected by the shipping route specialization. A panel data model was applied to nine shipping companies during the 2009-2015 period, to determine to what extent freight rate, bunker fuel prices, scale economies and chartered vessel ratios affected the profits. The results showed freight…
Korean shipping companies have seriously contemplated on pursuing economies of scale in order to tap the potential that Korea can generate for the seaborne cargo volume and fleet capacity, despite of latent pros and cons associated with the economies of scale. This paper shows the concentration ratio of the top four liner shipping companies in Korea is well below that of the global counterpart.…
The paper examines the geographic dimension between acquiring and target firms to take into account the information cost which decreases synergy effects generated by M&As in the container shipping industry. The paper finds that the geographical distance has a negative impact on takeover flows. M&A activities were more intense among firms located closely each other. The paper provides evidence t…
The transport infrastructure will provide the necessary capacity for freight movement and handling. However, the increase in the physical infrastructure alone is not a sufficient condition for the improvement of logistics systems. The logistics information capability which facilitates the seamless flow of information is a very important element in further enhancing the efficiency of logistics a…
The Korean government has made many e orts to repair the damage done by the ® nancial crisis since November 1997. The restructuring programmes for the Korean economy, including chaebols’ (i.e. family-controlled conglomerates) restructuring, have impacted in many ways on the shipping, shipbuilding and port sectors. This is because major shipping lines, shipyards, and recent privatization an…
The purpose of this paper is to measure trust that logistics/supply chain management (SCM) managers of supplier firms perceive toward inbound SCM managers of buyer firms, and investigate the effect of trust on supply chain collaboration and logistics efficiency. In doing so, two trust forms are introduced: affective trust and trust in competency. Besides, supply chain collaboration includes the…