Port Economics, Management and Policy provides a comprehensive analysis of the contemporary port industry, showing how ports are organized to serve the global economy and support regional and local development. Structured in eight sections plus an introduction and epilog, this textbook examines a wide range of seaport topics, covering maritime shipping and international trade, port terminals, port governance, port competition, port policy and much more. Key features of the book include: Multidisciplinary perspective, drawing on economics, geography, management science and engineering Multisector analysis including containers, bulk, break-bulk and the cruise industry Focus on the latest industry trends, such as supply chain management, automation, digitalization and sustainability Benefitting from the authors’ extensive involvement in shaping the port sector across five continents, this text provides students and scholars with a valuable resource on ports and maritime transport systems. Practitioners and policymakers can also use this as an essential guide towards better port management and governance.

Port Economics is the study of the economic decisions (and their consequences) of the users and providers of port services. A port works as an "engine" for economic development. This book provides a detailed discussion of port freight service users, such as freight water and land carriers, that have their ships and vehicles serviced and their cargoes unloaded by ports, as well as passenger services such as ferry carriers which are serviced by ferry passenger ports. This text continues to enhance our understanding of port economics by exploring the economic theories, supply and demand curves, and the actual and opportunity costs relating to the carriers, shippers and passengers who use ports. This new edition has been updated throughout. This includes: An expanded discussion of container, break-bulk, dry-bulk, liquid-bulk and neo-bulk ports; An introduction of port service chains, hinterland transport chains, maritime transport chains and port multi-service congestion; A discussion of seaborne trade, dry ports, port centrality and connectivity and free trade zones. This updated and comprehensive introduction to port economics will be of benefit to students and researchers in their study of port economics and management. It is also of great importance to professionals who manage and operate ports as well as freight and passenger carriers.

This book studies the economic impact of container traffic at one of the most important ports in the Mediterranean: the Port of Algeciras Bay (PAB). The authors analyse the global framework of the containerisation business and the characteristics that currently condition this process. Following is an explanation of the physical characteristics of the PAB, and a description of the situation as regards the physical and logistics infrastructure in principal Mediterranean ports.

A port (or seaport) is a place that provides for the vessel transfer of cargo and passengers to and from waterways and shores. Port economics is concerned with the study of the economics of port services. Users of port services are those that utilize the port as part of the transportation process of moving cargo and passengers to and from origin and destination locations. Users include transportation carrriers such as shipping lines, railroads and trucking firms that perform these movements and shippers and individuals that provide the cargo and themselves as passengers to be transported. Port users demand port services, whereas port service providers such as the port terminal operator supply port services to port users. Port economics and shipping economics comprise the branch of economics known as maritime economics. This volume provides original contributions to the study of port economics: 1) the evolution of port economics; 2) economic theories of the port, port cost functions and port investment; and 3) empirical evidence on the relative efficiency of ports, the impact of ports on international maritime transport costs, the competitiveness of ports and the impact of deregulation on dockworker wages.*Provides original contributions to the study of port economics *Examines the evolution of port economics, economic theories of the port, and emprical evidence on the relative efficiency of ports, the impact of ports on transport costs, and the competitiveness of ports

The aim of this book is to offer a comprehensive overview of the economics of ports for scientists, students and professionals. The text is divided into five self-contained parts: the first chapter defines the demand for port services using an econometric approach. The second part analyzes the provision of port services using the production, cost, investment and profit functions of various ports. The third part combines the two previous parts in order to propound a general equilibrium approach. The fourth part looks at regulation, efficiency and the existence of ports as natural monopolies. Finally, the fifth part uses Cost Benefit Analysis for an economic evaluation of the feasibility of building new ports or enlarging existing ones.

This study applies modern economic principles to the operations of modern port facilities, ranging from new ports in the planning stages for developing nations to established American and European ports retrofitted to handle container cargos and larger vessels. It investigates all the links in the chain of port services - the transfer of goods between land and sea transportation - and offers recommendations for strengthening the weaker links. Port Economics covers the historical development of port organization and technology, production measures, short- and long-term cost functions, pricing, and investment. The capital input by the port authorities and the labor input by the cargo-handling companies are discussed, and the authors consider the utility of merging port and stevedoring charges. Queuing processes are adjusted to fit the special circumstances of port traffic, allowing for the measurement of such variables as throughput and congestion costs. The theory developed for individual ports is extended to national port systems over time. Throughout the book, elements of the theory are tested empirically against data from ports in the United States, Europe, the Middle East, and Africa. The final chapter is a large-scale case-study of the Nigerian port system, which serves to test the whole of the authors' economic theory, including such concepts developed in the later chapters as dynamic port system investment and optimal port charges. Jan Owen Jansson is Chief Economist of the Swedish National Road and Traffic Research Institute. Dan Shneerson is Senior Lecturer in Economics at the University of Haifa. Their book is the eighth in MIT Press Transportation Studies Series, edited by Marvin L. Manheim.