For the economic and financial evaluation of port investment projects, it is important to know the demand function of a port’s services. The objective of this study is to establish such a demand choice function for the Spanish container port services. The function is derived from the coefficients of a port choice model, for which a multinomial logit model is used and of which the coefficients…
This paper reports on the use of different approaches for measuring the efficiency of major Brazilian port terminals. Two of the most important approaches, DEA (Data Envelopment Analysis) and SFA (Stochastic Frontier Analysis), were performed on data collected from 25 terminals. The findings indicate that the majority of Brazilian terminals are running short on capacity due to the export boom t…
Constructive and systematic management of a seaport may determine its successful competitive ability in the international market. The analysis of competitive ability of Klaipeda Seaport highlighted its weakest points, influencing the overall competitiveness of the port. Tbe encouragement of port competitive ability is often stressed, however, there is a lack of methodologically based competitiv…
The paper is to explore the relation between national economic development and the formulation of maritime policy. It collects and examines data from 30 maritime nations, and shows that maritime policy is determined by economic circumstance rather than the result of rational decision of policy makers. A general solution is produced for an optimum maritime policy under a given economic condition…