a b s t r a c t The International Maritime Exchange (IMAREX) is the leading regulated marketplace for trading and clearing shipping freight derivatives. We investigate for the first time whether the IMAREX freight futures market is efficient over the daily and weekly horizons. To this end, we address the question in both a statistical setting and an economic setting by employing an extensive d…
abstract This article takes 117 branches of a certain bank in Taiwan in 2006 as the research subject and introduces ata envelopment analysis (DEA) to evaluate the operating performances of business units of this bank to provide the reference for a bank’s managers in determining operation strategies. The result indicates that, in overall technical efficiency, the case bank has many inefficien…
ntroduction The world’s most popular country, China, implemented the open door policy in 1979. Since then China has been gradually opening up her economy to attract foreign investments. Recently, China’s World Trade Organization (WTO) entry has boosted its economic growth and advanced its legal and governmental reforms. Bilateral trade between China and Singapore has flourished since the e…
The globalization of trade has lead to an enormous growth in sea transportation over the last years. A great majority of general cargo is containerized and handled in container terminals, which are essential hubs in sea transportation systems. The potential of cost saving in a container terminal is large and the workflow of a container terminal has to be very efficient. The focus of this book l…
The article investigates technical, economical and organizational possibilities to enter the Baltic ports for container ships as the result of economic globalization and the increase of transcontinental container transportation
The article describes the creation of regional transport terminals and their usage as a tool to control material flows in the distribution channels. In the first part of the article the authors analyze the role of intermodal transport terminal within international business system, legal aspects of Lithuanian and EU regulations as well as the laws of Lithuanian transport regional transport termi…
The surge of international terminal operators (ITOs) gives momentum to the ongoing internationalization process in ports, and induces academic literature to investigate their overseas growth patterns. Empirical evidence shows that, although most container port operators experience regular internationalization drives, several firms pursue an unconventional and accelerated foreign expansion proce…
Over the past years, the Eastern Asia has become an important market in world shipping network. Container throughput of China ports like Shanghai and Qingdao shows a significant expansion. Similarly, Korea ports’ container throughput has been on the rise, although the growth trend has recently slowed down. This paper examines the relationships among container throughputs of Korea and China co…