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Battening down the hatches: How should the maritime industries weather the financial tsunami?

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  • Slack, Brian
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    Abstract

    This paper investigates the major impacts of the financial tsunami on the maritime industries, notably port and shipping. The maritime industries are still reeling from market declines, with stakeholders still attempting to weather the storm as best as they can through various strategies. However, such strategies are not uniform, where significant diversifications have been noted between major markets and stakeholders. Looking ahead, this paper has identified four major issues, of which they are believed to play key roles in shaping the maritime industries in the post-2008 world. They include the changing patterns of global trades, the importance of being green, the changing government-industrial relations and the need for transparency. Each of these issues has the potential to alter the future maritime industries in diversified, but significant, ways.

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    Bibliographic Info

    Article provided by Elsevier in its journal Research in Transportation Economics.

    Volume (Year): 27 (2010)
    Issue (Month): 1 ()
    Pages: 4-9

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    Handle: RePEc:eee:retrec:v:27:y:2010:i:1:p:4-9

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    Related research

    Keywords: Financial crisis Port impacts New trade lanes Port-government relationships;

    References

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    1. Koi Yu (Adolf) Ng, 2006. "Assessing the Attractiveness of Ports in the North European Container Transhipment Market: An Agenda for Future Research in Port Competition," Maritime Economics and Logistics, Palgrave Macmillan, vol. 8(3), pages 234-250, September.
    2. Wang, James J. & Ng, Adolf Koi-Yu & Olivier, Daniel, 2004. "Port governance in China: a review of policies in an era of internationalizing port management practices," Transport Policy, Elsevier, vol. 11(3), pages 237-250, July.
    3. Cullinane, Kevin & Wang, Teng-Fei & Song, Dong-Wook & Ji, Ping, 2006. "The technical efficiency of container ports: Comparing data envelopment analysis and stochastic frontier analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 40(4), pages 354-374, May.
    4. Tongzon, Jose & Heng, Wu, 2005. "Port privatization, efficiency and competitiveness: Some empirical evidence from container ports (terminals)," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(5), pages 405-424, June.
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    Cited by:
    1. Pallis, Athanasios A. & de Langen, Peter W., 2010. "Seaports and the structural implications of the economic crisis," Research in Transportation Economics, Elsevier, vol. 27(1), pages 10-18.

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