IDEAS home Printed from
   My bibliography  Save this article

Firm Growth and Market Concentration in Liner Shipping


  • Meifeng Luo
  • Lixian Fan
  • Wesley W. Wilson


Since its introduction in the 1950s, containerised shipping has grown dramatically. Accompanying this growth has been a substantial growth in concentration. In this paper, we theoretically identify the effects of firm growth on concentration, and then examine the determinants of firm growth using panel data methods. We find that growth rates depend on firm size and attributes such as its average vessel size and the rate of growth in demand, that the growth patterns of the top firms point to a clear trend of increasing concentration in the industry, and that they are dramatically enhanced by mergers and acquisitions. © 2014 LSE and the University of Bath

Suggested Citation

  • Meifeng Luo & Lixian Fan & Wesley W. Wilson, 2014. "Firm Growth and Market Concentration in Liner Shipping," Journal of Transport Economics and Policy, University of Bath, vol. 48(1), pages 171-187, January.
  • Handle: RePEc:tpe:jtecpo:v:48:y:2014:i:1:p:171-187

    Download full text from publisher

    File URL:;1-
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Nguyen Tran & Hans-Dietrich Haasis, 2014. "Empirical analysis of the container liner shipping network on the East-West corridor (1995–2011)," Netnomics, Springer, vol. 15(3), pages 121-153, November.

    More about this item


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:tpe:jtecpo:v:48:y:2014:i:1:p:171-187. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Christopher F. Baum). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.