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Port capacity extension. A trade-off between public investment and shipping companies' time losses

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  • MEERSMAN, Hilde
  • VAN DE VOORDE, Eddy

Abstract

Port capacity and especially free port capacity plays a crucial role in the competition struggle between ports. During the last decades port authorities decisions have been made to enlarge and renovate existing port infrastructure or to build new infrastructure, in several ways: deepening rivers and maritime channels; building new locks, new terminals and berths; facilitating new and better hinterland connections. Most infrastructure capacity expansion has been financed by public money. This paper investigates whether and in what way port capacity investments can be considered a trade-off between new free (over)capacity paid for by public money, and potential time losses by private shipping companies due to a lack of capacity and corresponding waiting lines or congestion.

Suggested Citation

  • MEERSMAN, Hilde & VAN DE VOORDE, Eddy, 2014. "Port capacity extension. A trade-off between public investment and shipping companies' time losses," Working Papers 2014009, University of Antwerp, Faculty of Business and Economics.
    • Handle: RePEc:ant:wpaper:2014009
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    References listed on IDEAS

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    1. Xiao, Yibin & Fu, Xiaowen & Zhang, Anming, 2013. "Demand uncertainty and airport capacity choice," Transportation Research Part B: Methodological, Elsevier, vol. 57(C), pages 91-104.
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    6. H. Meersman & E. Van De Voorde & T. Vanelslander, 2010. "Port Competition Revisited," Review of Business and Economic Literature, Intersentia, vol. 55(2), pages 210-233, June.
    7. F. Coppens & F. Lagneaux & G. van Gastel & H. Meersman & N. Sellekaerts & E. Van de Voorde & Th. Vanelslander & A. Verhetsel, 2007. "Economic impact of port activity : a disaggregate analysis. The case of Antwerp," Working Paper Document 110, National Bank of Belgium.
    8. Heaver, T. & Meersman, H. & van de Voorde, E., 2001. "Co-Operation and Competition in International Container Transport Strategies for Ports," Research Papers 24173, University of Antwerp, Faculty of Applied Economic Sciences.
    9. MEERSMAN, Hilde & STEENSSENS, C. & VAN DE VOORDE, Eddy, 1997. "Container throughput, port capacity and investment," SESO Working Papers 1997020, University of Antwerp, Faculty of Business and Economics.
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    Cited by:

    1. Rashed, Yasmine & Meersman, Hilde & Sys, Christa & Van de Voorde, Eddy & Vanelslander, Thierry, 2018. "A combined approach to forecast container throughput demand: Scenarios for the Hamburg-Le Havre range of ports," Transportation Research Part A: Policy and Practice, Elsevier, vol. 117(C), pages 127-141.
    2. Balliauw, Matteo & Kort, Peter M. & Zhang, Anming, 2019. "Capacity investment decisions of two competing ports under uncertainty: A strategic real options approach," Transportation Research Part B: Methodological, Elsevier, vol. 122(C), pages 249-264.
    3. Carrese, Stefano & Petrelli, Marco & Renna, Alessandra, 2022. "A new approach for the identification of strategic Italian ports for container traffic," Transport Policy, Elsevier, vol. 120(C), pages 47-55.

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