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Ship space sharing strategies with different rental modes: How does NVOCCs cooperate with booking platform?

Author

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  • Qiaoyu Peng

    (Shanghai Maritime University)

  • Chuanxu Wang

    (Shanghai Maritime University)

Abstract

The development of sharing economy has effectively changed the gap between market participants and promoted the emergence of new business modes, which has also brought enlightenment to the operation of shipping e-commerce. In this paper, we develop a liner shipping system consisting of one ship space booking platform and two Non-Vessel Operating Common Carriers (NVOCCs). Under two rental modes proposed by platform, the NVOCCs separately determine the order quantity of ship spaces and then consider whether to share the remaining idle ship spaces on the platform before the start of voyage. Introducing multi-party game theory, the optimal sharing strategy and ship space rental mode are obtained. The results reveal that both NVOCCs choosing sharing strategy will achieve a win–win situation, which is also beneficial for the platform. Furthermore, we find the most appropriate operation mode of the platform is to provide differentiated rentals, and this choice is independent of NVOCCs’ sharing strategies. The differential rentals mode is also more beneficial to the NVOCC with larger potential demand, but adverse for the NVOCC with less potential demand, so the latter is more inclined to share remaining spaces under the same rental mode. We also extend the model to multiple NVOCCs and present numerical analysis to verify the validity of the conclusions.

Suggested Citation

  • Qiaoyu Peng & Chuanxu Wang, 2022. "Ship space sharing strategies with different rental modes: How does NVOCCs cooperate with booking platform?," Operational Research, Springer, vol. 22(3), pages 3003-3035, July.
    • Handle: RePEc:spr:operea:v:22:y:2022:i:3:d:10.1007_s12351-021-00643-4
    DOI: 10.1007/s12351-021-00643-4
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