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Container Shipping Market

In: Shipping and Logistics Management

Author

Listed:
  • Y. H. Venus Lun

    (Logistics and Supply Chain MultiTech R&D Centre)

  • Kee-hung Lai

    (The Hong Kong Polytechnic University)

  • T. C. Edwin Cheng

    (The Hong Kong Polytechnic University)

  • Dong Yang

    (The Hong Kong Polytechnic University)

Abstract

To fully understand the container shipping industry, it is imperative to identify the factors that influence the capacity of the industry, explain how these factors affect the container shipping market, and empirically test their relationships grounded in a sound theoretical framework. This chapter presents such a study built on the industrial organization paradigm that “industry structure determines the conduct of firms whose joint conduct then determines the collective performance of the firms in the marketplace”. In this chapter, we interpret a firm’s conduct as its organizational choices on key decisions such as capacity. On that basis, we identify the factors that affect total fleet size and develop an empirical model of container shipping to explain the relationships among these factors and evaluate their effects on the container shipping market.

Suggested Citation

  • Y. H. Venus Lun & Kee-hung Lai & T. C. Edwin Cheng & Dong Yang, 2023. "Container Shipping Market," Springer Books, in: Shipping and Logistics Management, edition 2, chapter 0, pages 55-66, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-26090-2_4
    DOI: 10.1007/978-3-031-26090-2_4
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