In the past few decades, the market environment of the liner shipping industry has changed. The most important changes are in market power and regulation, such as the Shipping Act of 1984 and the Ocean Shipping Reform Act of 1998 in the United States. We estimate and draw the time-varying...

We focus on non-storability, a characteristic of shipping freight that leads to an enormous gap between the widely-used no-arbitrage pricing theory and shipping freight derivative markets. Our main contribution is to modify and generalize the Bessembinder and Lemmon (2002) model. Equilibrium...

The port sectors in a country play an important role in its economy. This paper presents an input–output analysis on how the port sectors impact a concerned economy using the South African case. Moreover, this paper reports how a rectangular Supply and Use Table system of national accounts can...

Port planners have to make decisions on optimal berth capacity for container port development. The main purpose of this paper is twofold. One is to review the current practices adopted by selected major ports in Asia in estimating berth and port capacities in their planning decisions. The other...