Container Shipping Market

Y. H. Venus Lun (), Kee-hung Lai (), T. C. Edwin Cheng () and Dong Yang ()
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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

Chapter Chapter 4 in Shipping and Logistics Management, 2023, pp 55-66 from Springer

Abstract: 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.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-26090-2_4

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DOI: 10.1007/978-3-031-26090-2_4

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