Effect of proposed CO2 emission reduction scenarios on capital expenditure

The International Maritime Organisation is currently working on establishing regulations for international shipping regarding greenhouse gas emissions, and a cost-effectiveness approach has been suggested as one method for determining the necessary reductions in emissions from shipping. Previous studies have investigated the CO₂ emission reduction potential for the world shipping fleet up to 2030 and the associated marginal abatement cost levels. To analyse the cost implications of different emission reduction scenarios, this study has calculated the emission reduction potential and additional capital expenditure for 25 CO₂ emission reduction measures applied to 59 ship segments. The expected fleet development over time, keeping track of new ships built from 2010 to 2030 and Existing ships built prior to 2010 and still in operation by 2030, have been modelled. Two alternative approaches to find the cost-effective potential in the world shipping fleet have been applied. One approach is to implement only measures which in themselves are cost-effective (measure-by-measure), and another approach is to implement measures as long as the net savings from cost-effective measures balance the costs of non-cost-effective measures (set of measures). The results demonstrate that by 2030, the majority (93%) of the reduction potential will be related to new ships. Our results show that the measure-by-measure approach would decrease the CO₂ emissions by 30% for new ships while the set-of-measures approach with 53% (of the 2030 baseline emissions of 1316?Mt). The implication of achieving such emission reduction is an increase in the capital expenditure on New ships by 6% (USD 183 billion) and 27% (USD 761 billion), respectively, in the period 2010 to 2030 compared to a business-as-usual scenario. The measure-by-measure approach yields a 5% decrease in CO₂ emission per 1% increase in capital expenditure, while the set-of-measures approach yields a 2% decrease per 1% increase. This is due to the significant variation in capital intensity of the different measures, ranging from almost zero to USD 200 per tonne of CO₂ averted. The results of this study are useful for the shipping industry to assess the economic burden that must be shouldered in order to implement abatement measures under different CO₂ emission reduction scenarios.     

Evaluation of factors for carrier selection in the China Pearl River delta

The efficient integration of logistics modes is critical for international cargo shipping. The local transportation connecting to the export port then plays a vital role in such integration. This paper investigates the problems of carrier selection in the China Pearl River delta area, with respect to international shipping. The analytical hierarchy process (AHP) model is constructed based on a comprehensive industrial interviews and statistical analysis. Rather than simply ranking the given alternatives, we use AHP is used to analyse the weakness and strength of impacting factors in carrier selection. The model is implemented under different types of shipper. Seven criteria are statistically summarized from the questionnaire for evaluating eight different modes. The results are useful to those liner companies serving the PRD region in relationship to port selection and fleet deployment.     

Advances in port studies: the contribution of 40 years Maritime Policy & Management

Port economics, management and policy have progressively emerged as a distinctive research field, and a core part of maritime economics. This paper provides an analysis of all the 267 port studies published in Maritime Policy & Management (MPM) since its inception in 1973. This paper provides a content analysis for seven interrelated research theme categories including main research topics and methods, authorship distribution and citation counts. It is demonstrated that MPM played, and continues to play, a key role in publishing research on seaports. The published research increasingly applies established analytical frameworks to ports. The paper concludes with a discussion on current challenges for port-related research.     

Environmental innovation and the role of stakeholder collaboration in West Coast port gateways

The paper explores the role of stakeholder collaboration in the adoption of innovations as part of the environmental and sustainability agenda of port gateways. We do this through a comparative assessment of the port of Vancouver, British Columbia, and the twin ports of Los Angeles and Long Beach, California. An inductive research approach is used to identify and assess the initiation and implementation process behind exemplary innovations. Innovation includes new technologies and processes for handling and moving cargo, mechanisms for planning and policy making, as well as financing, implementing, upgrading, managing and operating infrastructure systems. A relatively new arena for competition on the basis of innovation concerns environmental performance. The conceptual framework and empirical evidence suggest that while there may be intense demand for and supply of innovation in port gateways, the complex dynamics of the logistics chain are such that successful innovation requires conscious involvement and collaboration of stakeholders.     

Determinants of motor vehicle crash fatalities using Bayesian model selection methods

Motor vehicle crashes continue to result in large numbers of fatalities each year and represent the leading cause of death for young persons. In 2006, for example, there were over 42,700 fatalities associated with these crashes. Understanding the causes of these crashes and methods to reduce them continues to be of great interest to economists, public health officials, and policy makers. We present in this paper statistical models using a rich set of panel data covering the period 1980 to 2007 by state and the District of Columbia. Our choice of variables is based on an extensive literature highlighting the importance of policy, safety, demographic, and economic determinants of fatality rates.     

Attitudes toward Participation in Cooperative Coastal Management: Four European Case Studies

Findings are reported of the VALCOAST project that had as one of its research objectives to ascertain: (a) stakeholder willingness to participate and cooperate in coastal management (CM), given local and national CM practices; and (b) stakeholder assessment of the "accessibility" and "friendliness" of current CM processes. The project involved case studies and stakeholder interviews in Belgium, Greece, Spain, and the UK. Major findings include: (1) most stakeholders are willing to cooperate in three out of the four case areas, but not to the same extent; (2) the participating "officials" in the case studies are expecting the stakeholders to be less willing to cooperate than the latter indicate; (3) stakeholders in all case studies do not expect to be heard by those responsible for CM, find it difficult to learn about the relevant institutional arrangements, and consider the communication of the objectives and anticipated impacts of CM policies to be inadequate. It is concluded that the strong evidence of stakeholders' potential willingness to cooperate in local initiatives is very encouraging for a devolved, regional approach to European Union coastal management policies, provided that this potential is capitalized upon in such policy processes.     

A model for work activity schedules with synchronization for multiple-worker households

This paper presents a hybrid discrete choice-duration model for work activity scheduling with interactions between workers in a multiple-worker household. The model operates in discrete space with a fine level of temporal resolution. The key innovative feature of the model is the introduction of intra-household interactions through worker schedule synchronization mechanisms. The model was estimated based on a large Household Travel Survey from the San Francisco Bay Area. The estimation results confirmed that individual work schedules for workers in a multiple-worker household are subject to strong synchronization and should be modelled jointly rather than independently. In particular, workers in the same household tend to align their schedules and create time window overlaps for joint activities before and after work. Relative strength of the synchronization mechanisms proved to be a function of the person characteristics and household composition.     

Problems faced by the shipping industry in raising capital in the securities markets

This papers examines the reasons for the shipping industry's general failure to exploit the enormous capital raising potential offered by the world's major security markets. The basic reason put forward is one of joint ignorance and lack a of communication. On the one hand shipping perceives the market as being unsympathetic to its requierments. On the other hand, the Stock market assess it as a minor activity and this is combined with a presumption of industrial instability. An analysis of recent initial public offering of equaity options in shipping highlights the inadequacy of companies who have ventured that way. In particular it is pointed out that shipping companies who embark on such a course must not forget that equaity is, at one end the same time, the cheapest and the most expensive money which they can raise. There is a further underlying problem for the industry, which is that market capital raising neccessiates the loss of personal control.     

The impact of a port on its local economy: the case of Plymouth

It has been suggested in two potentially influential documents that the development of ports could be an important tool of regional economic growth in areas such as South West England. This proposition is analysed in this article by detailed examination of the case of Plymouth, one of the areas in the region for which port development has been mooted. It is concluded that the Plymouth evidence suggests that it is easy to exaggerate the existing and potential role of ports in the regional development process. Ports are not big employers of labour and are no longer the inter-related industrial complexes that they once were. In most cases, therefore, they serve industry in areas distant from their own.