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Privatisation of trust ports in the United Kingdom: Review and analysis of the first sales

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  • Baird, Alfred J

Abstract

This paper outlines the various models of port administration, analyses the first sales of trust ports in the UK under the Ports Act 1991, considers the issue of competition in the ports industry, and reviews ports privatisation practice internationally. The paper agues that: the method of sale relating to UK trust ports is unusual and inconsistent; ports were clearly undervalued; a number of port managers (former public servants) personally benefitted via disproportionate and entirely undeserved cash windfalls, and competition is being constrained in estuaries where successor companies now own virtually all commercial harbour facilities. International evidence confirms that the UK model of ports privatisation is certainly unusual, and may indeed be unique. The paper suggests that the whole issue of ports privatisation in the UK ought to be reviewed before any further sales occur.

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  • Baird, Alfred J, 1995. "Privatisation of trust ports in the United Kingdom: Review and analysis of the first sales," Transport Policy, Elsevier, vol. 2(2), pages 135-143, April.
    • Handle: RePEc:eee:trapol:v:2:y:1995:i:2:p:135-143
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    Cited by:

    1. Ha, Min-Ho & Yang, Zaili & Lam, Jasmine Siu Lee, 2019. "Port performance in container transport logistics: A multi-stakeholder perspective," Transport Policy, Elsevier, vol. 73(C), pages 25-40.
    2. Jean Debrie, 2010. "Different tiers of government in port governance: some general remarks on the institutional geography of ports in Europe and Canada," Post-Print hal-00615146, HAL.
    3. Gonzalez, M. & Trujillo, L., 2007. "Efficiency measurement in the port industry: a survey of the empirical evidence," Working Papers 07/08, Department of Economics, City University London.
    4. Ha, Min-Ho & Yang, Zaili & Notteboom, Theo & Ng, Adolf K.Y. & Heo, Man-Wook, 2017. "Revisiting port performance measurement: A hybrid multi-stakeholder framework for the modelling of port performance indicators," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 103(C), pages 1-16.
    5. José I. Castillo-Manzano & Juan P. Asencio-Flores, 2012. "Competition Between New Port Governance Models on the Iberian Peninsula," Transport Reviews, Taylor & Francis Journals, vol. 32(4), pages 519-537, January.
    6. González, MarI´a Manuela & Trujillo, Lourdes, 2008. "Reforms and infrastructure efficiency in Spain's container ports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(1), pages 243-257, January.
    7. Sergi Saurí & Francesc Robusté, 2012. "Promoting Incentives: Performance Improvement in Container Port Terminals," Transportation Science, INFORMS, vol. 46(2), pages 233-246, May.
    8. Monios, Jason, 2019. "Geographies of governance in the freight transport sector: The British case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 295-308.
    9. Lourdes Trujillo & Marianela Gonzalez, 2011. "Maritime Ports," Chapters, in: Matthias Finger & Rolf W. Künneke (ed.), International Handbook of Network Industries, chapter 17, Edward Elgar Publishing.
    10. López-Bermúdez, Beatriz & Freire-Seoane, María Jesús & Pateiro-Rodríguez, Carlos, 2020. "Blue governance: Sustainable port governance," Revista Galega de Economía, University of Santiago de Compostela. Faculty of Economics and Business., vol. 29(3), pages 1-17.
    11. Cullinane, Kevin, 2004. "7. The Container Shipping Industry And The Impact Of China'S Accession To The Wto," Research in Transportation Economics, Elsevier, vol. 12(1), pages 221-245, January.
    12. Brooks, Mary R. & Cullinane, Kevin, 2006. "Chapter 1 Introduction," Research in Transportation Economics, Elsevier, vol. 17(1), pages 3-28, January.
    13. Woo, Su-Han & Pettit, Stephen J. & Kwak, Dong-Wook & Beresford, Anthony K.C., 2011. "Seaport research: A structured literature review on methodological issues since the 1980s," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 667-685, August.
    14. Baird, Alfred J. & Valentine, Vincent F., 2006. "Chapter 3 Port Privatisation in the United Kingdom," Research in Transportation Economics, Elsevier, vol. 17(1), pages 55-84, January.
    15. Brooks, Mary R., 2006. "Chapter 25 Issues in Measuring Port Devolution Program Performance: A Managerial Perspective," Research in Transportation Economics, Elsevier, vol. 17(1), pages 599-629, January.
    16. Notteboom, Theo & De Langen, Peter & Jacobs, Wouter, 2013. "Institutional plasticity and path dependence in seaports: interactions between institutions, port governance reforms and port authority routines," Journal of Transport Geography, Elsevier, vol. 27(C), pages 26-35.
    17. Baird, A., 1999. "Analysis of private seaport development: the port of Felixstowe," Transport Policy, Elsevier, vol. 6(2), pages 109-122, April.
    18. Feng, Lin & Yuan, Liwei, 2017. "A developmental model on quantifying urban policy effectiveness in port city relations," MPRA Paper 81037, University Library of Munich, Germany.
    19. Theo E. Notteboom & Hercules E. Haralambides, 2020. "Port management and governance in a post-COVID-19 era: quo vadis?," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(3), pages 329-352, September.
    20. Brooks, Mary R. & Cullinane, Kevin, 2006. "Chapter 18 Governance Models Defined," Research in Transportation Economics, Elsevier, vol. 17(1), pages 405-435, January.

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