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AN OVERVIEW OF MARKET STRUCTURES AND COST STRUCTURES OF INTERNATIONAL SHIPPING INDUSTRY

Liu, QW; Medda, F; (2006) AN OVERVIEW OF MARKET STRUCTURES AND COST STRUCTURES OF INTERNATIONAL SHIPPING INDUSTRY. In: Wong, SC and Hau, TD and Wang, JJ and Chau, KW and Ho, HW, (eds.) TRANSPORTATION STUDIES: SUSTAINABLE TRANSPORTATION, PROCEEDINGS OF THE 11TH INTERNATIONAL CONFERENCE OF HONG KONG SOCIETY FOR TRANSPORTATION STUDIES. (pp. 637 - 646). HONG KONG UNIVERSITY SCIENCE &TECHNOLOGY

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Abstract

The objective of this paper is to examine the market and the cost structure of the international shipping industry. We examine the market structure of three ocean shipping sub-industries: tramp shipping, liner shipping, and industrial shipping. We analyze three different types of cost categorizations for the whole shipping industry. The first categorization includes capital costs, operating costs, and voyage costs, which can help us to understand the cost allocation between shipper and carrier under different operating modes. The second categorization is fixed and variable costs, which explains the existence of conferences in liner shipping. The third type is tonnage related costs and distance related costs. This type clarifies the relationship between output increase and cost reduction.

Type:Proceedings paper
Title:AN OVERVIEW OF MARKET STRUCTURES AND COST STRUCTURES OF INTERNATIONAL SHIPPING INDUSTRY
Event:11th Conference of the Hong-Kong-Society-for-Transportation-Studies
Location:Hong Kong, PEOPLES R CHINA
Dates:2006-12-09 - 2006-12-11
ISBN-13:978-988-98847-0-3
Keywords:CONTESTABILITY, COMPETITION
UCL classification:UCL > School of BEAMS > Faculty of Engineering Science > Civil, Environmental and Geomatic Engineering

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