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Battening down the hatches: How should the maritime industries weather the financial tsunami?

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  • Slack, Brian

Abstract

This paper investigates the major impacts of the financial tsunami on the maritime industries, notably port and shipping. The maritime industries are still reeling from market declines, with stakeholders still attempting to weather the storm as best as they can through various strategies. However, such strategies are not uniform, where significant diversifications have been noted between major markets and stakeholders. Looking ahead, this paper has identified four major issues, of which they are believed to play key roles in shaping the maritime industries in the post-2008 world. They include the changing patterns of global trades, the importance of being green, the changing government-industrial relations and the need for transparency. Each of these issues has the potential to alter the future maritime industries in diversified, but significant, ways.

Suggested Citation

  • Slack, Brian, 2010. "Battening down the hatches: How should the maritime industries weather the financial tsunami?," Research in Transportation Economics, Elsevier, vol. 27(1), pages 4-9.
    • Handle: RePEc:eee:retrec:v:27:y:2010:i:1:p:4-9
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    Cited by:

    1. Yasmine Rashed & Hilde Meersman & Eddy Van de Voorde & Thierry Vanelslander, 2017. "Short-term forecast of container throughout: An ARIMA-intervention model for the port of Antwerp," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(4), pages 749-764, December.
    2. Slack, Brian & Gouvernal, Elisabeth, 2011. "Container freight rates and the role of surcharges," Journal of Transport Geography, Elsevier, vol. 19(6), pages 1482-1489.
    3. Ziaul Haque Munim & Hans-Joachim Schramm, 2017. "Forecasting container shipping freight rates for the Far East – Northern Europe trade lane," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 19(1), pages 106-125, March.
    4. Pallis, Athanasios A. & de Langen, Peter W., 2010. "Seaports and the structural implications of the economic crisis," Research in Transportation Economics, Elsevier, vol. 27(1), pages 10-18.
    5. Nuhn Helmut & Thomi Walter, 2010. "Wirtschaft. Strukturwandel und Entwicklungsperspektiven," ZFW – Advances in Economic Geography, De Gruyter, vol. 54(1), pages 145-149, October.
    6. Evangelos Kounoupas & Angeliki Pardali, 2015. "Adding some context to port marketing: Exploring the content and measurement of market orientation in the port industry," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 65(1-2), pages 3-26, january-m.

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