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 …
This paper evaluates the impact of risk factors from the container security initiative on Taiwan’s shipping industry by employing a risk management matrix to identify the severity and frequency of CSI risk factors, and discovers some appropriate risk management alternatives. This paper’s findings are as follows: (1) The majority of risk factors have a moderate-risk level, and possible alte…
The paper analyzes factors affecting the competitiveness of Asian container terminals by including quantitative as well as qualitative factors such as operating capacity, convenient facilities, electronic documents handling capacity and connectivity to hinterland. I provide evidence that those factors have a nonnegligible role as to competitiveness of container terminals. The paper applies a pa…
In the study I examine the relationship between corporate governance and consolidation strategies for shipping firms. The analysis is focused on the ownership structure and corporate governance power which are supposed to influence the consolidation strategies. I investigate M&As and global alliances occurred during 2006-2007 fiscal years in maritime industry. In the empirical study, I find tha…
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…