Synopsis of Competition in the Shipping Market

Utureanu Simona, (), Burcã Ana-Maria () and Dragomir Cristina ()
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Utureanu Simona,: „Ovidius” University of Constanþa, Faculty of Economic Siences
Burcã Ana-Maria: „Ovidius” University of Constanta, Faculty of Economic Sciences
Dragomir Cristina: „Ovidius” University of Constanta, Faculty of Economic Sciences

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 2242-2246

Abstract: Given the speed with which we can sail nowadays, the over-loading of road and rail infrastructure and the need to minimize pollution, the seas and oceans gain a crucial importance in the context of globalization. The shipping industry represents an important component of the global economy, having a major role in the temporal-spatial relationship set between different geographical areas. This industry creates links of value between regions and human groups in order to organize complex categories of commercial and economic activities. Regarding the specific competition issues of the shipping markets, they are represented by the anti-competitive agreements of the liner trades, known as liner conferences and by the pool agreements which are specific to tramp markets.

Keywords: oligopolistic competition; perfect competition; conferences; tramp market; liner market (search for similar items in EconPapers)
JEL-codes: D41 D43 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:2242-2246

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