IDEAS home Printed from https://ideas.repec.org/a/taf/marpmg/v24y1997i4p319-334.html
   My bibliography  Save this article

Private profit, public loss: The financial and economic performance of U.K. ports

Author

Listed:
  • Richard Saundry
  • Peter Turnbull

Abstract

When compared to the publicly owned ports, the financial and economic performance of the U.K.'s privatized ports has failed to live up to expectations. Any improvement in service to port users in recent years has arisen from employment deregulation (the abolition of the National Dock Labour Scheme) rather than privatization, while the sale of public ports represents a significant loss to the taxpayer and other stakeholders. Based on a detailed comparison of public and private ports, the propriety of further port sales is questionable, and the current ownership, administration and operational structure of the U.K.'s port transport industry should reconsidered.

Suggested Citation

  • Richard Saundry & Peter Turnbull, 1997. "Private profit, public loss: The financial and economic performance of U.K. ports," Maritime Policy & Management, Taylor & Francis Journals, vol. 24(4), pages 319-334, January.
    • Handle: RePEc:taf:marpmg:v:24:y:1997:i:4:p:319-334
    DOI: 10.1080/03088839700000041
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/03088839700000041
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/03088839700000041?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Maryna Tverdostup & Tiiu Paas & Mariia Chebotareva, 2022. "What Can Support Cross-Border Cooperation in the Blue Economy? Lessons from Blue Sector Performance Analysis in Estonia and Finland," Sustainability, MDPI, vol. 14(3), pages 1-17, February.
    2. Maryna Tverdostup & Tiiu Paas, 2019. "Economic Performance Analysis Of Selected Blue Economy Sectors In Estonia And Finland," University of Tartu - Faculty of Economics and Business Administration Working Paper Series 115, Faculty of Economics and Business Administration, University of Tartu (Estonia).
    3. Baccelli, Oliviero & Percoco, M. & Tedeschi, A., 2008. "Port Authorities as cluster managers: the case of the Ligurian ports," European Transport \ Trasporti Europei, ISTIEE, Institute for the Study of Transport within the European Economic Integration, issue 39, pages 44-58.
    4. David Parker, 2004. "The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment," CESifo Working Paper Series 1126, CESifo.
    5. José I. Castillo-Manzano & Juan P. Asencio-Flores, 2012. "Competition Between New Port Governance Models on the Iberian Peninsula," Transport Reviews, Taylor & Francis Journals, vol. 32(4), pages 519-537, January.
    6. Monios, Jason, 2019. "Geographies of governance in the freight transport sector: The British case," Transportation Research Part A: Policy and Practice, Elsevier, vol. 121(C), pages 295-308.
    7. Pallis, Athanasios A., 2007. "Chapter 11 Whither Port Strategy Theory and Practice in Conflict," Research in Transportation Economics, Elsevier, vol. 21(1), pages 343-382, January.
    8. Lourdes Trujillo & Marianela Gonzalez, 2011. "Maritime Ports," Chapters, in: Matthias Finger & Rolf W. Künneke (ed.), International Handbook of Network Industries, chapter 17, Edward Elgar Publishing.
    9. Zhang, Jihua, 2016. "Quasi-landlord port financing in China: Features, practice and a contract theory analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 89(C), pages 73-88.
    10. Cullinane, Kevin & Ji, Ping & Wang, Teng-fei, 2005. "The relationship between privatization and DEA estimates of efficiency in the container port industry," Journal of Economics and Business, Elsevier, vol. 57(5), pages 433-462.
    11. Woo, Su-Han & Pettit, Stephen J. & Kwak, Dong-Wook & Beresford, Anthony K.C., 2011. "Seaport research: A structured literature review on methodological issues since the 1980s," Transportation Research Part A: Policy and Practice, Elsevier, vol. 45(7), pages 667-685, August.
    12. David Parker, 2004. "Editorial: Lessons From Privatisation," Economic Affairs, Wiley Blackwell, vol. 24(3), pages 2-8, September.
    13. Grace Wang & Chen Gao, 2012. "Technical Efficiency and Port Competition: Revisiting the Bohai Economic Rim, China," JRFM, MDPI, vol. 5(1), pages 1-16, December.
    14. Baird, Alfred J. & Valentine, Vincent F., 2006. "Chapter 3 Port Privatisation in the United Kingdom," Research in Transportation Economics, Elsevier, vol. 17(1), pages 55-84, January.
    15. Pallis, Athanasios A. & Syriopoulos, Theodore, 2007. "Port governance models: Financial evaluation of Greek port restructuring," Transport Policy, Elsevier, vol. 14(3), pages 232-246, May.
    16. Brooks, Mary R., 2006. "Chapter 25 Issues in Measuring Port Devolution Program Performance: A Managerial Perspective," Research in Transportation Economics, Elsevier, vol. 17(1), pages 599-629, January.
    17. Baird, A., 1999. "Analysis of private seaport development: the port of Felixstowe," Transport Policy, Elsevier, vol. 6(2), pages 109-122, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:marpmg:v:24:y:1997:i:4:p:319-334. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/TMPM20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.