The economic viability of container mega-ships

Akio Imai, Etsuko Nishimura, Stratos Papadimitriou and Miaojia Liu

Transportation Research Part E: Logistics and Transportation Review, 2006, vol. 42, issue 1, 21-41

Abstract: In this study, we analyze the container mega-ship viability by considering competitive circumstances. We adopt a non-zero sum two-person game with two specific strategies based on different service network configurations for different ship sizes: hub-and-spoke for mega-ship and multi-port calling for conventional ship size. A shipping characteristic for each route is approximately optimized to set up pay-off (or profit) matrixes for both players. Throughout model applications for Asia-Europe and Asia-North America trades, the mega-ship is competitive in all scenarios for Asia-Europe, while it is viable for Asia-North America only when the freight rate and feeder costs are low.

Keywords: Container; transportation; Mega-containership; Game; theory; Mathematical; programming; Network; design (search for similar items in EconPapers)
Date: 2006
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Citations: View citations in EconPapers (29)

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