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Synopsis of Competition in the Shipping Market

Author

Listed:
  • Utureanu Simona,

    („Ovidius” University of Constanþa, Faculty of Economic Siences)

  • Burcã Ana-Maria

    („Ovidius” University of Constanta, Faculty of Economic Sciences)

  • Dragomir Cristina

    („Ovidius” University of Constanta, Faculty of Economic Sciences)

Abstract

Given the speed with which we can sail nowadays, the over-loading of road and rail infrastructure and the need to minimize pollution, the seas and oceans gain a crucial importance in the context of globalization. The shipping industry represents an important component of the global economy, having a major role in the temporal-spatial relationship set between different geographical areas. This industry creates links of value between regions and human groups in order to organize complex categories of commercial and economic activities. Regarding the specific competition issues of the shipping markets, they are represented by the anti-competitive agreements of the liner trades, known as liner conferences and by the pool agreements which are specific to tramp markets.

Suggested Citation

  • Utureanu Simona, & Burcã Ana-Maria & Dragomir Cristina, 2011. "Synopsis of Competition in the Shipping Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 2242-2246, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:2242-2246
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    More about this item

    Keywords

    oligopolistic competition; perfect competition; conferences; tramp market; liner market;
    All these keywords.

    JEL classification:

    • D41 - Microeconomics - - Market Structure, Pricing, and Design - - - Perfect Competition
    • D43 - Microeconomics - - Market Structure, Pricing, and Design - - - Oligopoly and Other Forms of Market Imperfection

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