Today, the container shipping industry faces a threat from terrorism that could not be envisaged before 9/11. While the public sector has already initiated a variety of aggressive programs to tackle such threats, the private industry also needs to prove its ability to share the burden. An...

The European Community has an established policy of encouraging sustainable transport, such as multimodal transport operations involving road, rail, inland waterway and short sea shipping (SSS). To stimulate modal-shift to short sea shipping, the European Union is seeking for extra policy...

The paper investigates the existence of different types of logistics service providers (LSPs) and the relationship of type with service performance. A cluster analysis of survey data from 221 LSPs resulted in the identification of four types of LSPs. A taxonomy was developed that reveals that...

Since the pioneering work of Zannetos in maritime economics, it has been well understood that prices of new vessels are non-stabilising. In the earlier literature, most of this behaviour has been attributed to market imperfections and externalities. In this paper, we test empirically the...

This paper outlines the methodology to price the newly introduced Forward Ship Value Agreements (FOSVAs). FOSVAs are derivatives aimed at managing asset risk in the second-hand markets for bulk vessels and are traded over the counter. We then estimate the implied forward prices from historical...

In this paper, we compare the seaport efficiency of two European countries, Greece and Portugal, using data envelopment analysis (DEA). The international benchmarking procedure is implemented, in which the seaports in each country are compared against each other. The broader aim of this study is...

A whole series of changes in world economic order in the last decade such as globalisation of production and consumption, and structural changes in inter-port relations, port-hinterland relationships and logistics have strengthened the role of ports as nodes in the global transport system. In...