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


  • Slack, Brian


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.

Suggested Citation

  • Slack, Brian, 2010. "Battening down the hatches: How should the maritime industries weather the financial tsunami?," Research in Transportation Economics, Elsevier, vol. 27(1), pages 4-9.
  • Handle: RePEc:eee:retrec:v:27:y:2010:i:1:p:4-9

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    References listed on IDEAS

    1. 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.
    2. 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.
    3. Adolf Koi Yu Ng, 2009. "Competitiveness of short sea shipping and the role of port: the case of North Europe," Maritime Policy & Management, Taylor & Francis Journals, vol. 36(4), pages 337-352, August.
    4. 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 & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 8(3), pages 234-250, September.
    5. 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.
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    Cited by:

    1. repec:pal:marecl:v:19:y:2017:i:4:d:10.1057_mel.2016.8 is not listed on IDEAS
    2. repec:pal:marecl:v:19:y:2017:i:1:d:10.1057_s41278-016-0051-7 is not listed on IDEAS
    3. 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.
    4. Nuhn Helmut & Thomi Walter, 2010. "Wirtschaft. Strukturwandel und Entwicklungsperspektiven," Zeitschrift für Wirtschaftsgeographie, De Gruyter, vol. 54(1), pages 145-149, October.
    5. Evangelos Kounoupas & Angeliki Pardali, 2015. "Adding some context to port marketing: Exploring the content and measurement of market orientation in the port industry," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(1-2), pages 3-26, january-m.


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