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Evolving competition between Hong Kong and Shenzhen ports

Author

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  • Xin Tian
  • Liming Liu
  • Shouyang Wang

Abstract

Shenzhen Port (SZP), once a negligible local port, has risen dramatically to a world-leading container port and an "equal" player with Hong Kong Port (HKP). Will this market share reallocation continue, or will equilibrium be eventually realized for HKP to prosper continuously? We examine the relationship between these two ports to answer this question. We propose a new transformation method to describe the growth of container cargo transport demand, define the quantitative measures of the competition relationship and port competitiveness, and present a rigorous analytical framework with econometric tests and models to understand the true relationship between HKP and SZP. Direct empirical tests suggest that SZP complements HKP; however, the two ports exhibit strong competition when the effect of demand growth is excluded. Considering transshipment separately, we find that the impact of SZP on HKP is negative in transshipment but complementary in direct shipment. We may conclude that HKP does not affect SZP, whereas SZP has competitive power over HKP. These results are consistent with the findings of some previous theoretical studies.

Suggested Citation

  • Xin Tian & Liming Liu & Shouyang Wang, 2015. "Evolving competition between Hong Kong and Shenzhen ports," Maritime Policy & Management, Taylor & Francis Journals, vol. 42(8), pages 729-745, November.
    • Handle: RePEc:taf:marpmg:v:42:y:2015:i:8:p:729-745
    DOI: 10.1080/03088839.2015.1029553
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    Citations

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    Cited by:

    1. Dong, Gang & Huang, Rongbing, 2022. "Inter-port price competition in a multi-port gateway region," Research in Transportation Economics, Elsevier, vol. 94(C).
    2. Zheng, Shiyuan & Luo, Meifeng, 2021. "Competition or cooperation? Ports’ strategies and welfare analysis facing shipping alliances," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 153(C).
    3. Shi, Jia & Jiao, Yuquan & Chen, Jihong & Ye, Jun & Gong, Jianwei, 2023. "A study on the evolution of competition pattern of inland container ports along the Yangtze River in China," Journal of Transport Geography, Elsevier, vol. 109(C).
    4. Luo, Meifeng & Chen, Fuying & Zhang, Jiantong, 2022. "Relationships among port competition, cooperation and competitiveness: A literature review," Transport Policy, Elsevier, vol. 118(C), pages 1-9.
    5. Shiyuan Zheng & Rudy R. Negenborn, 2017. "Terminal investment timing decisions in a competitive setting with uncertainty using a real option approach," Maritime Policy & Management, Taylor & Francis Journals, vol. 44(3), pages 392-411, April.

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