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Globalization, liberalization, competition and spatial interaction are significant\ud factors affecting the transformation of manufacturing industries worldwide. In\ud the transportation and logistics industry, however, cooperation is becoming even\ud more critical than competition in determining firms’ efficiency. Cooperation has\ud always characterized the liner sector in which strategic alliances, mergers and\ud acquisitions have generated twin effects: notable increases in ship size and falls\ud in freight rates. Meanwhile, the stevedoring industry is undergoing privatizationdriven\ud consolidation and the emergence of global pure terminal operators.\ud This article focuses on vertical integration between global carriers and terminal\ud operators. We address the following key current issues:\ud . dedicated terminals as a strategy for cutting costs and controlling integrated\ud transport chains;\ud . the struggle for supply chain control, involving global carriers versus global\ud terminal operators, driven by financial power and technical and managerial\ud capability.\ud We close analysing one of the core problems of the market, namely the evolving\ud role of the dedicated terminals. For the pure stevedores they represent an opportunity\ud to secure a cargo, while in the hands of the liners they enable cost stability\ud and the possibility to put pressure on pure terminal operators

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