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The economic viability of container mega-ships

Author

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  • Imai, Akio
  • Nishimura, Etsuko
  • Papadimitriou, Stratos
  • Liu, Miaojia

Abstract

In this study, we analyze the container mega-ship viability by considering competitive circumstances. We adopt a non-zero sum two-person game with two specific strategies based on different service network configurations for different ship sizes: hub-and-spoke for mega-ship and multi-port calling for conventional ship size. A shipping characteristic for each route is approximately optimized to set up pay-off (or profit) matrixes for both players. Throughout model applications for Asia-Europe and Asia-North America trades, the mega-ship is competitive in all scenarios for Asia-Europe, while it is viable for Asia-North America only when the freight rate and feeder costs are low.

Suggested Citation

  • Imai, Akio & Nishimura, Etsuko & Papadimitriou, Stratos & Liu, Miaojia, 2006. "The economic viability of container mega-ships," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 42(1), pages 21-41, January.
  • Handle: RePEc:eee:transe:v:42:y:2006:i:1:p:21-41
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    Cited by:

    1. Yang, Dong & Liu, Miaojia & Shi, Xiaoning, 2011. "Verifying liner Shipping Alliance’s stability by applying core theory," Research in Transportation Economics, Elsevier, vol. 32(1), pages 15-24.
    2. repec:gam:jsusta:v:9:y:2017:i:10:p:1913-:d:116058 is not listed on IDEAS
    3. repec:pal:marecl:v:19:y:2017:i:4:d:10.1057_mel.2016.11 is not listed on IDEAS
    4. Sun, Zhuo & Zheng, Jianfeng, 2016. "Finding potential hub locations for liner shipping," Transportation Research Part B: Methodological, Elsevier, vol. 93(PB), pages 750-761.
    5. Wang, Hua & Meng, Qiang & Zhang, Xiaoning, 2014. "Game-theoretical models for competition analysis in a new emerging liner container shipping market," Transportation Research Part B: Methodological, Elsevier, vol. 70(C), pages 201-227.
    6. Giulia Arduino & Claudio Ferrari, 2010. "Innovazione nel trasporto marittimo: inquadramento teorico e casi applicativi," Working Papers 1006, SIET Società Italiana di Economia dei Trasporti e della Logistica, revised 2010.
    7. Giulia Arduino & Claudio Ferrari, 2010. "Innovazione nel trasporto marittimo: inquadramento teorico e casi applicativi," Working Papers 10_6, SIET Società Italiana di Economia dei Trasporti e della Logistica, revised 2010.
    8. Wu, Wei-Ming, 2009. "An approach for measuring the optimal fleet capacity: Evidence from the container shipping lines in Taiwan," International Journal of Production Economics, Elsevier, vol. 122(1), pages 118-126, November.
    9. Ishii, Masahiro & Lee, Paul Tae-Woo & Tezuka, Koichiro & Chang, Young-Tae, 2013. "A game theoretical analysis of port competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 49(1), pages 92-106.
    10. Gelareh, Shahin & Nickel, Stefan, 2011. "Hub location problems in transportation networks," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 1092-1111.
    11. Elvin, S.S. & Taggart, C.T., 2008. "Right whales and vessels in Canadian waters," Marine Policy, Elsevier, vol. 32(3), pages 379-386, May.
    12. Zheng, Jianfeng & Meng, Qiang & Sun, Zhuo, 2014. "Impact analysis of maritime cabotage legislations on liner hub-and-spoke shipping network design," European Journal of Operational Research, Elsevier, vol. 234(3), pages 874-884.
    13. Liao, Chun-Hsiung & Tseng, Po-Hsing & Cullinane, Kevin & Lu, Chin-Shan, 2010. "The impact of an emerging port on the carbon dioxide emissions of inland container transport: An empirical study of Taipei port," Energy Policy, Elsevier, vol. 38(9), pages 5251-5257, September.
    14. Tran, Nguyen Khoi, 2011. "Studying port selection on liner routes: An approach from logistics perspective," Research in Transportation Economics, Elsevier, vol. 32(1), pages 39-53.
    15. Simone Caschili & Francesca Medda & Francesco Parola & Claudio Ferrari, 2014. "An Analysis of Shipping Agreements: The Cooperative Container Network," Networks and Spatial Economics, Springer, vol. 14(3), pages 357-377, December.
    16. Zheng, Jianfeng & Sun, Zhuo & Zhang, Fangjun, 2016. "Measuring the perceived container leasing prices in liner shipping network design with empty container repositioning," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 94(C), pages 123-140.
    17. Zheng, Jianfeng & Meng, Qiang & Sun, Zhuo, 2015. "Liner hub-and-spoke shipping network design," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 75(C), pages 32-48.
    18. Gelareh, Shahin & Pisinger, David, 2011. "Fleet deployment, network design and hub location of liner shipping companies," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 47(6), pages 947-964.

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