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Port Investment: Profitability, Economic Impact and Financing

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  • Musso, Enrico
  • Ferrari, Claudio
  • Benacchio, Marco

Abstract

Port investment is a key issue in modern port economics with respect to planning port development, financing and assessing the return on investment. This chapter addresses some of the features related to port investment, starting from the evaluation of the main paradigms that characterize the port industry from a global point of view, and focusing on the relations, synergies and conflicts between the numerous stakeholders actually involved. Profitability, economic impact and financing are seen as the most critical nodes in the complex chain of port investment decisions.The chapter builds up a comprehensive scenario where single aspects and variables related to port investments can fit into a general scheme of interrelations that identifies feasible outcomes. The foreseeable outputs in terms of demand and supply provide insights for possible incentives to efficiency to be improved upon by decision-makers at different levels, promoting the reduction of conflicts and a synergy of interests.

Suggested Citation

  • Musso, Enrico & Ferrari, Claudio & Benacchio, Marco, 2006. "Port Investment: Profitability, Economic Impact and Financing," Research in Transportation Economics, Elsevier, vol. 16(1), pages 171-218, January.
    • Handle: RePEc:eee:retrec:v:16:y:2006:i:1:p:171-218
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    7. Song, Zhuzhu & Tang, Wansheng & Zhao, Ruiqing, 2018. "Cooperation mode for a liner company with heterogeneous ports: Business cooperation vs. port investment," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 118(C), pages 513-533.
    8. Wang, Junjin & Liu, Jiaguo & Wang, Fan & Yue, Xiaohang, 2021. "Blockchain technology for port logistics capability: Exclusive or sharing," Transportation Research Part B: Methodological, Elsevier, vol. 149(C), pages 347-392.
    9. Guo, Liquan & Ng, Adolf K.Y. & Jiang, Changmin & Long, Jiancheng, 2021. "Stepwise capacity integration in port cluster under uncertainty and congestion," Transport Policy, Elsevier, vol. 112(C), pages 94-113.
    10. Somorowsky, Carolyn & Haasis, Hans-Dietrich, 2020. "Financing investments in a landlord port," Chapters from the Proceedings of the Hamburg International Conference of Logistics (HICL), in: Jahn, Carlos & Kersten, Wolfgang & Ringle, Christian M. (ed.), Data Science in Maritime and City Logistics: Data-driven Solutions for Logistics and Sustainability. Proceedings of the Hamburg International Conferen, volume 30, pages 409-440, Hamburg University of Technology (TUHH), Institute of Business Logistics and General Management.
    11. Pallis, Athanasios A. & Syriopoulos, Theodore, 2007. "Port governance models: Financial evaluation of Greek port restructuring," Transport Policy, Elsevier, vol. 14(3), pages 232-246, May.
    12. Zheng, Shiyuan & Jiang, Changmin & Fu, Xiaowen, 2021. "Investment competition on dedicated terminals under demand ambiguity," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 150(C).

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