The so-called “Fourth Industrial revolution”, also termed as “Industry 4.0” in the wider literature, is associated with several cutting-edge technologies. Indicative examples in this category are advanced applications like Artificial Intelligence (AI), Big Data Analytics (BDA), Cloud...

Decision-making is a prolific research area in the internet era, which has propelled globalization and the virtual elimination of many country border barriers. However, effective decision-making in the shipping industry is a time consuming and often complicated process. Digital evolution has...

The study explored the impact of maritime transport financing on trade in South Africa. Using the Autoregressive Distribution lag model, we examine the impact of maritime transport financing on total trade in South Africa during the period 1994 to 2019. The results confirm a long and short-run...

Ports and shipping have been in the spotlight in 2021 with surging demand, skyrocketing freight rates and week-long queues. This development stands against the background of the current global COVID-19 pandemic. Amid these disruptive waves, the North Range ports (Le Havre to Hamburg) face...

Purpose: Digital technologies (DTs) are transforming logistics operations in the shipping industry. Yet, the industry is only in the early stages of digitalization. Consequently, there is a lack of empirical evidence on applied DTs and related obstacles for DT adoption. Methodology: A multiple...

Purpose: Oceans are a dominant means for transport of goods, which in turn has caused a boom in data volumes exchanged at sea. Internet connectivity at sea is heavily reliant on satellites, but it suffers from high cost, low bandwidth and complex regulatory requirements. This acts as an impetus...

Purpose: Currently offshore wind farms are built in areas with high vessel traffic like the German Economic Exclusive Zone (EEZ). During the building phase and the operational phase a high amount of vessels will pass these offshore wind farms in close proximity and thus there is a risk of...

The Covid-19 pandemic disrupted the international transportation industry, causing container freight rates to reach record highs from late 2020 and into 2021. I evaluate the dynamic effects of the observed increases in container freight rates all around the world on the domestic inflation, real...

The COVID-19 pandemic has augmented pre-existing digitalization and environmental trends. In the maritime industry, one of the marked impacts of the pandemic is how the regard for technology has changed. There is now greater appetite and acceptance of digital solutions across the industry. This...

This article investigates economic and operational effects of introducing autonomous vessels to liner shipping networks. By the formulation of optimization models, we analyze how fleet configurations with vessels of different capacity affect the cost and service level of liner shipping networks...

Maritime transport contributes significantly to environmental pollution. The Mediterranean Sea Area is particularly affected by marine emissions from particulate matter, black carbon, nitrogen oxides and sulphur oxides. In addition to international and crossing traffic, the Mediterranean Sea is...

The fluctuation in the prices in the maritime market concerns many people and institutions such as ship owners, chartering companies, financial companies and investors. In this study, it is aimed to examine the effect of bunker prices on time charter volatility structures in three different...

Shipping is a derived demand of international trade in economic terms. Therefore, while there are many emphases on developing Sri Lanka as a shipping hub it is imperative to examine the real situation that prevails in the country with respect to the international trading. It is also the...

The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it is flawed, and that its sources offer vastly more information than the Isserlis aggregate contains. The new data confirm the precipitous decline in nominal freight rates before...

The decision making process in strategic shipping financial management consists of three main pillars: investment, financing and operation. Each pillar defines its own sub-universe and constitutes its own market with its own rules. The investment pillar refers to the market for newly built and...

Consumer inflation across the globe has rebounded during 2021, also as a result of supply side disruptions, one of which is the increase in freight costs. To elaborate on the relationship between inflation and shipping costs, we employ a Vector Error Correction Model (VECM) and use disaggregated...

This paper presents the design of the sea toll network, especially in choosing the combination of the marine toll network that has the best performance, in terms of profit and benefit. The problem of selecting the best combination in this model is a combinatorial optimization problem. The...

Digital transformation and automation in the shipping industry is resulting disruptive changes to ship design, operations, and manning that aim to enhance safety, efficiency, and the environmental sustainability of maritime logistics. While there is growing research interest in these areas,...

As intra-Asian trades grow, businesses in the intra-Asian shipping market have expanded. Subsequently, many shipping liners, which have struggled since 2008, have made inroads into Asia as a new market. Although the intra-Asian trade volume has increased, shipping liners in intra-Asia experience...

We employ a cointegration setup to explore route-specific off-equilibrium deviations related to Covid-19 that have affected clean (petroleum products) and dirty (crude oil) tanker freight rates, over and above the expected macroeconomic reactions. We find that the additional deviation caused by...

Supply chain and logistics management for spare parts is of key importance in the maritime industry, in order to ensure high availability and reliability of assets, while keeping operating costs in acceptable levels. Supply chain and logistics operations for spare parts incorporate high...

This study aims to evaluate the extent of collaboration between shippers and shipping companies in South Korea. Bespoke cooperative and collaborative spirit indices (CCSIs) reflect the conceptual differentiation between cooperation and collaboration, as well as a more comprehensive...

Unlike commercial vessels, training ships have the unique purpose of providing students attempting to become ships’ officers with the onboard training education referred to in the International Convention on Standards of Training, Certification and Watchkeeping for Seafarers (STCW code). More...

Three-dimensional printing (3DP) will lead to future changes in the structure and supply chain operation of businesses. While prevailing studies focus on qualitative assessments, this study quantitatively estimates 3DP impact on the maritime shipping volume and fleet type by (i) estimating the...