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Privatization and regulation of the seaport industry

Author

Listed:
  • Trujillo, Lourdes
  • Nombela, Gustavo

Abstract

With containerized shipping, maritime transport has changed profoundly. Among other things, it has shifted from labor-intensive to more capital-intensive activities, including larger specialized ships that require substantial investments in port infrastructure and equipment. Integrated transport chains have reduced transport costs so much that a shipper may find a distant port cheaper than a closer one. Modern ports must be competitive on times and prices for their services. Seaports must be integrated within logistical chains to serve their many functions. An efficient seaport requires infrastructure, superstructure, equipment, adequate connections to other modes of transport, a well-motivated management, and qualified employees. The public sector has been an important port organizer in the past, but private participation in port operations and infrastructure could make ports significantly more competitive. The authors provide an overview of changes in maritime activity, discuss concession contracts (a key instrument of privatization), and analyze how regulatory mechanisms affect such factors as seaport tariffs, port congestion, port safety, the quality of cargo handling, and relevant indicators of performance, finances, and factor productivity. They describe how an optimal seaport system should allocate tasks between the various institutions involved, including the port authority. The degree of a seaport's decentralization, they conclude, depends on a country size, the number of ports it has, and its legal tradition. Among several national governments in Latin America--Argentina, Brazil, Colombia, Mexico, and Venezuela--there is an evident trend toward decentralization and greater autonomy for port authorities.

Suggested Citation

  • Trujillo, Lourdes & Nombela, Gustavo, 1999. "Privatization and regulation of the seaport industry," Policy Research Working Paper Series 2181, The World Bank.
  • Handle: RePEc:wbk:wbrwps:2181
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    References listed on IDEAS

    as
    1. Crampes, Claude & Estache, Antonio, 1997. "Regulatory tradeoffs in designing concession contracts for infrastructure networks," Policy Research Working Paper Series 1854, The World Bank.
    2. Kerf, M. & Gray, R.D. & Irwin, T. & Levesque, C. & Taylor, R.R. & Klein, M., 1998. "Concessions for Infrastructure. A Guide to their Design and Award," Papers 399, World Bank - Technical Papers.
    Full references (including those not matched with items on IDEAS)

    Citations

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

    1. Clark, Ximena & Dollar, David & Micco, Alejandro, 2004. "Port efficiency, maritime transport costs, and bilateral trade," Journal of Development Economics, Elsevier, vol. 75(2), pages 417-450, December.
    2. José Antonio Reyes, 2007. "El punto que le falta al CAFTA," Research Department Publications 4529, Inter-American Development Bank, Research Department.
    3. Meersman, Hilde & Pauwels, Tom & Van de Voorde, Eddy & Vanelslander, Thierry, 2010. "Applying SMC pricing in PPPs for the maritime sector," Research in Transportation Economics, Elsevier, vol. 30(1), pages 87-101.
    4. Alejandro Micco & Natalia Perez, 2002. "Determinants of Maritime Transport Costs," Research Department Publications 4247, Inter-American Development Bank, Research Department.
    5. José Antonio Reyes, 2007. "The Missing Point in CAFTA," Research Department Publications 4528, Inter-American Development Bank, Research Department.
    6. Carsten Fink & Aaditya Mattoo & Ileana Cristina Neagu, 2002. "Trade in International Maritime Services: How Much Does Policy Matter?," World Bank Economic Review, World Bank Group, vol. 16(1), pages 81-108, June.
    7. Moreira, Paulo Pires, 2012. "A Análise De Sines Como Ativo Geoestratégico Nacional: Um Cluster Suportado Nas Redes Marítimas Mundiais
      [The Analysis of Sines as a Geostrategic Asset: A Cluster Supported in the Maritime Chain]
      ," MPRA Paper 47694, University Library of Munich, Germany, revised 04 Oct 2012.
    8. Trujillo Castellano, Lourdes & Betancor Cruz, Ofelia, 2000. "Infrastructures Privatization:New Options For Competition In Ports And Airports," ERSA conference papers ersa00p322, European Regional Science Association.
    9. repec:eee:transb:v:110:y:2018:i:c:p:137-159 is not listed on IDEAS
    10. Abbes, Souhir, 2007. "Marginal social cost pricing in European seaports," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 36, pages 4-26.
    11. Matsushima, Noriaki & Takauchi, Kazuhiro, 2014. "Port privatization in an international oligopoly," Transportation Research Part B: Methodological, Elsevier, vol. 67(C), pages 382-397.
    12. Tongzon, Jose & Heng, Wu, 2005. "Port privatization, efficiency and competitiveness: Some empirical evidence from container ports (terminals)," Transportation Research Part A: Policy and Practice, Elsevier, vol. 39(5), pages 405-424, June.
    13. Trujillo, Lourdes & González, María Manuela & Jiménez, Juan Luis, 2013. "An overview on the reform process of African ports," Utilities Policy, Elsevier, vol. 25(C), pages 12-22.
    14. Zhang, Jihua, 2016. "Quasi-landlord port financing in China: Features, practice and a contract theory analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 73-88.
    15. repec:taf:marpmg:v:44:y:2017:i:6:p:761-778 is not listed on IDEAS
    16. Alejandro Micco & Natalia Perez, 2002. "Factores determinantes de los costos del transporte marítimo," Research Department Publications 4248, Inter-American Development Bank, Research Department.
    17. Cheon, SangHyun, 2007. "World Port Institutions and Productivity: Roles of Ownership, Corporate Structure, and Inter-port Competition," University of California Transportation Center, Working Papers qt7t64h5wr, University of California Transportation Center.
    18. David Parker & Colin Kirkpatrick, 2005. "Privatisation in Developing Countries: A Review of the Evidence and the Policy Lessons," Journal of Development Studies, Taylor & Francis Journals, vol. 41(4), pages 513-541.
    19. José Antonio Reyes, 2007. "The Missing Point in CAFTA," IDB Publications (Working Papers) 1609, Inter-American Development Bank.
    20. Cécile Aubert & Jean-Jacques Laffont & Pablo Serra & Diego Bondorevsky & Diego Petrecolla & Alfredo García & Paulina Beato & David Wood & Richard Tomiak & Jaime Millán & Carmen Fuente & Salomé Cisnal , 2002. "Competition Policy in Regulated Industries: Approaches for Emerging Economies," IDB Publications (Books), Inter-American Development Bank, number 42038 edited by Paulina Beato & Jean-Jacques Laffont, February.

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