Examining the influence of firm performance on business risk-taking and the mediation effect of scale of operations in the container terminal industry

Container shipping and its related service sectors help accelerate globalization of the world economy. This industry has been experiencing rapid growth, prompting container terminal operators to increase their handling capacity in response. Providing container terminal services requires substantial capital investment in physical assets such as cargo handling facilities and information systems. On the other hand, operating container terminals is a long-term investment that typically spans several business cycles. Hence prudent asset management using appropriate tools is critical for container terminal operators to sustain their businesses. Generally, due to risk-adverseness, investors are unwilling to take more risk in their investment unless they can reap a higher return. Contrary to this argument, this study finds no direct influence of better firm performance as a proxy of higher return on business risk-taking by container terminal operators. Instead, scale of operations is positively associated with business risk-taking, suggesting that container terminal operators with a larger scale of operations are willing to take more business risk.     

An advanced risk analysis approach for container port safety evaluation

Risk analysis in seaports plays an increasingly important role in ensuring port operation reliability, maritime transportation safety and supply chain distribution resilience. However, the task is not straightforward given the challenges, including that port safety is affected by multiple factors related to design, installation, operation and maintenance and that traditional risk assessment methods such as quantitative risk analysis cannot sufficiently address uncertainty in failure data. This paper develops an advanced Failure Mode and Effects Analysis (FMEA) approach through incorporating Fuzzy Rule-Based Bayesian Networks (FRBN) to evaluate the criticality of the hazardous events (HEs) in a container terminal. The rational use of the Degrees of Belief (DoB) in a fuzzy rule base (FRB) facilitates the implementation of the new method in Container Terminal Risk Evaluation (CTRE) in practice. Compared to conventional FMEA methods, the new approach integrates FRB and BN in a complementary manner, in which the former provides a realistic and flexible way to describe input failure information while the latter allows easy updating of risk estimation results and facilitates real-time safety evaluation and dynamic risk-based decision support in container terminals. The proposed approach can also be tailored for wider application in other engineering and management systems, especially when instant risk ranking is required by the stakeholders to measure, predict and improve their system safety and reliability performance.     

The management of the rural transportation problem in Nigeria

In spite of the fact that about 70% of Nigeria's population live in rural areas, these areas have remained largely inaccessible. Not only do they lack motorable roads and organized public transport but also field surveys indicate that nearly all rural inhabitants do not have a private car. A Directorate of Food, Roads and Rural Infrastructure has been set up to manage the inaccessibility problem, among others. Whereas there are several conventional approaches to the management of the rural transportation problem, the Nigerian approach relies on the provision of roads. This restrictive approach with an emphasis on locational to the neglect of personal accessibility has various limitations which are analysed.     

A new efficient EDI system for container cargo logistics

There have been many efforts to develop a logistics information system in the Korean logistics industry. In spite of these efforts, there are many points which need improvement in the Logistics Information System, of which function is the electronic data communication without added value. This paper aims to describe some of the main problems and the successful factors which are being found in the evolution of the present EDI systems for clearing import/export container cargoes, with special reference to Singapore, Korea, and Japan. Following this, leaving legal issues aside, to suggest workable guidelines for designing a new efficient EDI system for container cargo logistics. As a result of the review, the following successful factors are drawn: (a) the planning, requirement analysis and design of EDI are critical, as it provides a framework for its implementation; (b) as the data of customs clearance are an integral part of a logistics EDI system, the inclusion of customs in the system design is essential; (c) the sharing system of cargo data as the framework of the logistics EDI is efficient for data interchange; (d) the EDI software for the user has been developed and provided by an EDI network operating company; and (e) to facilitate communication between trading partners and the transport sector, it is necessary to adopt a global message standard, such as EDIFACT.     

Understanding Recreational Boater Attitudes to Zoning in a Proposed Marine Protected Area

Although the success of marine protected areas (MPAs) and associated zoning schemes is largely dependent on stakeholder acceptance and support, there have been relatively few studies examining the response of recreational stakeholders to MPA proposals. This study investigates the response of recreational boaters to a proposed MPA in British Columbia, Canada. Using a structured questionnaire (n = 543) and a focus group (n = 6), the research examines the level of support for the concept of marine zoning and identifies key factors influencing support or opposition. Results indicate that a small majority of recreational boaters support the concept of marine zoning, but that there are areas of concern that ought to be addressed as MPA implementation proceeds. Support for zoning was strongly related to perceived benefits, particularly environmental benefits. Furthermore, perceived benefits overall were found to outweigh concerns as determinants of recreational boater support for zoning. Major dimensions of opposition included perceptions of over-regulation, loss of access for boating, and mistrust of the government. A suggestion is that such concerns may be mitigated through focused communication and meaningful involvement of boaters in the zoning process.     

Port privatization under Cournot vs. Bertrand competition: a third-market approach

By incorporating port competition into a third-market model consisting of two exporting firms and one importing country, we demonstrate the endogenous choice of port structures (i.e. privatization or public ownership) under either Bertrand or Cournot competition. In contrast to previous studies on port competition, we analyze the port strategy in view of all trading countries (i.e. importing country and exporting countries). We find that regardless of transport cost, the port ownership strategy alters according to exporting firm’s competition mode. Under Bertrand competition, the choice of port ownership structure depends on the degree of imperfect substitutability. However, under Cournot competition, all trading countries choose same ownership structures of each port. By comparing equilibrium of each competition mode, we show that welfare of exporting country under Cournot competition is higher than under Bertrand competition if goods are sufficiently substitutes. In contrast, importing country prefers Bertrand competition to Cournot competition when the competitive pressure is sufficiently high.     

In situ colonization of marine biofilms on UNS S32760 duplex stainless steel coupons in areas with different water qualities: Implications for corrosion potential behavior

In the presence of biofilms, stainless steels （SS） exhibits an increase in corrosion potential, called ennoblement. In the present study, the corrosion potential （Eco,） behavior of the duplex SS UNS S32760 was recorded simultaneously with the in situ marine biofilm formation in two areas at Arraial do Cabo, Southeastern Brazil. The biofilm at Forno Harbor （an anthropogenically disturbed area） was characterized by higher relative abundances of Bacteria at day 2, followed by diatoms （especially Navicula sp.） on day 10 and dinoflagellates on day 18, whereas no clear trend was recorded at Cabo Frio Island （an undisturbed area）. The ennoblement of Ecor values was site-dependent. In a complementary laboratory assay, biofilms were removed and the Eco values registered in sterile conditions for the subsequent 10 days and corroborated in situ results. Understanding biofilms and SS interactions has important implications for materials science and engineering decisions as well as helping to fill in imnortant gaps in this knowledge.     

An algorithm for finding reasonable paths in transit networks

In this paper, reasonable paths in transit networks are defined as possible paths that satisfy the acceptable time criterion and transfer‐walk criterion. A recursive algorithm for finding all of the reasonable paths in a transit network that does not involve a rapid increase in program run‐time with network size is presented. Realistic transit networks in Hong Kong and Guangzhou were selected as case studies of the different phases of the development of a trip planning system. Transport planning practitioners and potential users were invited to test the system to evaluate its performance. The results of the prototype evaluation were satisfactory, and the viability of the system as a useful tool for supporting decision‐making has been confirmed by the positive feedback that was obtained from survey questionnaires.