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Configuration and Prospects of the Piraeus Shipping Cluster

Author

Listed:
  • George K. Vaggelas

    (Department of Shipping, Trade and Transport, University of the Aegean)

  • Athanasios A. Pallis

    (Department of Shipping, Trade and Transport, University of the Aegean)

Abstract

It is well verified, in both theory and practice, that clustering provides significant added value to participating companies. Shipping clusters in particular have been at the core of maritime and transport business strategies, with the most well known ones being developed around major international ports (i.e., London, New York, Singapore). This study examines the case of the shipping cluster currently existing in the major Greek port, Piraeus. Despite the fact that Greeks stand as the principal merchant fleet owners, the presence and structures of which remain unexplored, with relevant research efforts to detail it and industry initiatives to represent it being few and recent. The empirical part of the study sheds light on the size and features of the Piraeus shipping cluster, by presenting a categorisation and analysis of the several companies that are part of the shipping cluster under examination. The study also explores the rationale for the lack of a more extensive cluster development and integration at a well-known shipping centre that, among others, is linked with a dynamic port of international importance. Going beyond a ‘port cluster’ approach, the paper also searches for similarities and differences of the Piraeus shipping cluster with other shipping clusters. Aiming to provide input for policy development, as well as the background for further research, the paper concludes with a SWOT Analysis highlighting the initiatives that could increase the attractiveness and the functionality of the Piraeus shipping cluster.

Suggested Citation

  • George K. Vaggelas & Athanasios A. Pallis, 2019. "Configuration and Prospects of the Piraeus Shipping Cluster," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 69(1-2), pages 3-17, January-J.
    • Handle: RePEc:spd:journl:v:69:y:2019:i:1-2:p:3-17
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    Cluster analysis; shipping strategies; Piraeus;
    All these keywords.

    JEL classification:

    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • L14 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Transactional Relationships; Contracts and Reputation
    • L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General

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