Review on Mega-trends in shipping and port & its implications

Kim, Hyun-Duk; Ahan, Ki-Myoung

Journal of Navigation and Port Research 2005;29(7):635-640.
Published online September 30, 2005.

Review on Mega-trends in shipping and port & its implications

Abstract

This paper aims to understand and analyze the mega-trends such as trends towards larger vessels due to an increasing trade volume, accordingly fewer port calls, strategic alliances and M&A. Increasing degree of concentration through M&A activities in shipping industry results in a decreasing number of shipping firms with an increasing share in the world shipping capacity. But competition is strongly increasing on main trunk routes. Therefore, shipping concentration directly leads to further concentration of port traffic in fewer and larger ports with an increasing competition among neighboring ports.

Key Words: Mega-trends;Shipping;Port logistics;Port development