Freight rates and maritime transport costs

2015 ◽  
pp. 47-64 ◽  
Author(s):  
Keyword(s):  
Maritime Transport ◽  
Transport Costs ◽  
Freight Rates

scholarly journals On maritime transport costs, evolution, and forecast

2012 ◽  
Vol 5 (10) ◽  
pp. 19
Author(s):  
Gerardo Polo
Keyword(s):  
Technological Development ◽  
Scale Economies ◽  
Maritime Transport ◽  
Transport Costs ◽  
Cargo Handling ◽  
Freight Rates ◽  
Main Components ◽  
Near Future ◽  
First Time ◽  
Freight Market

During recent years of economic euphoria, globalization, motor of development, has been possible due to the existence of a fast, efficient, and economic maritime transport. The technological development based on scale economies, improvement of cargo-handling systems, and specialization has allowed putting on the market vessels with very competitive costs. In these years of a bright freight market, increased costs seemed not to be of much concern, so that the problem was not approached with the necessary firmness. Nowadays, things have changed: freight rates have sunk, prices of ships have fallen, and the crisis has reached ship owners. The costs, nevertheless, are still rising, with the exception of 2009 in which, for the first time in ten years, costs of operations were sensibly reduced. In the paper, the evolution of the main components of the costs of the maritime transport are analyzed, studying the current situation of such, as well as the forecasts for the near future.

On the Historical Relationship between Port (In)Efficiency and Transport Costs in the Developing World

2021 ◽  
Author(s):  
Matías Herrera Dappe ◽  
Tomás Serebrisky ◽  
Ancor Suárez-Alemán
Keyword(s):  
Developing Countries ◽  
Service Provision ◽  
Cost Model ◽  
Transport Cost ◽  
Maritime Transport ◽  
Parametric Approach ◽  
Transport Costs ◽  
Port Efficiency ◽  
Container Ports ◽  
Historical Relationship

Do differences in port performance explain differences in maritime transport costs? How much would improvements in port performance reduce maritime transport costs in developing countries? To answer this question, we use a widely used transport cost model, but we provide a new measure of port efficiency, estimated through a non-parametric approach. Relying on data from the early 2000s, this paper shows that for a sample of 115 container ports in 39 developing countries, becoming as efficient as the country with the most efficient port sector would reduce average maritime transport costs by 5 percent. For the most inefficient country, the reduction in transport costs could reach 15 percent. These findings point out the potential gains that can be achieved from the combination of betterquality investment and more efficient service provision in the port sector. The estimates in this paper cannot be updated because the databases were discontinued and it therefore highlights the need to generate data to evaluate the effectiveness of public policies that are key to competitiveness.

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