From hierarchy to networking: the evolution of the “twenty-first-century Maritime Silk Road” container shipping system

Wang, Liehui; Zhu, Yan; Ducruet, César; Bunel, Mattia; Lau, Yui‐yip

doi:10.1080/01441647.2018.1441923

Cited by 61 publications

(26 citation statements)

References 43 publications

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“…This paper establishes the lag relationship between ship frequency and oil price by using the ARDL model and compares the differences between different regions along the MSR affected by the oil price slump and changes of tanker cargo flow distribution. The following conclusions are drawn: (1) There is a significant negative correlation between tanker shipping frequency and oil price in the same period, that is to say, the shipping frequency will increase correspondingly when oil price slumps. The correlation between maritime export cargo flow situation and oil price is stronger than that of import cargo flow situation.…”

Section: Discussionmentioning

confidence: 84%

“…Assuming that the original data i x and i y have been arranged in descending order and that ' (1) In the case of the same rank before and after ordering, the linear correlation coefficients of Pearson between ranks should be calculated according to Equation (2), where x and y is the mean of the sample variables.…”

Section: Spearman Rank Correlation Analysismentioning

confidence: 99%

“…It is an emerging trade route connecting China to the world under the changing situations of global politics and trade patterns. At present, the coverage of MSR continues to expand, the maritime trade along its route accounts for more than 35% of the global merchandise trade about 70% of the world's maritime crude oil transport [1].…”

Section: Introductionmentioning

confidence: 99%

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The Impact of Slumping Oil Price on the Situation of Tanker Shipping along the Maritime Silk Road

et al. 2019

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Nearly 70% of the world’s maritime crude oil transportation relies on the Maritime Silk Road (MSR). In order to deeply explore the impact of slumping oil price on the shipping situation of tanker along the MSR, this paper establishes the relationship between monthly ship and oil price through Autoregressive Distributed Lag model. Distributions of cargo flow before and after the oil price slumped are compared to explore the changing law of tanker shipping situation. The study finds: (1) The correlation between the cargo flow situation of the tanker seaborne export and oil price, where the export cargo flow correlation is stronger than that of the import cargo flow. (2) The MSR tanker shipping situation is lagging (3 months) behind the impact of oil price. The lag effect in Europe, North Asia and East Asia is strong while that in Southeast Asia and South Asia is weak. (3) After the oil price slumped, the tanker shipping cargo flow increased less during the crude oil export stage, and the increase in the crude oil shipping trade after the transfer period was larger. The research results can provide a scientific basis for improving the decision-making ability of the crude oil shipping market and formulating maritime operations management measures.

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Section: Discussionmentioning

confidence: 84%

Section: Spearman Rank Correlation Analysismentioning

confidence: 99%

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The Impact of Slumping Oil Price on the Situation of Tanker Shipping along the Maritime Silk Road

et al. 2019

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“…These new vessels can carry 18,000 TEUs with low operational cost and efficient service. This can help Maersk to establish itself in those fast growing markets where speed and timeliness factors are critical (Campo‐Flores & McWhirter, ; Heins, ; Hirata, ; Wang, Zhu, Ducruet, Bunel, & Lau, ).…”

Section: Future Developments and Growth Prospectsmentioning

confidence: 99%

Global strategy gone astray: Maersk's big box boats and the world shipping industry

Anwar

2019

Thunderbird Intl Bus Rev

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A.P. Moller-Maersk Group (A.P. Moller-Maersk AS in Danish), commonly known as Maersk, is the world's largest global shipping conglomerate from Denmark and carries a rich history and corporate heritage in the industry. The company operates large container ships which are mostly known as "big box boats" in the industry. By using interdisciplinary literature and the shipping industry's operational routes and corporate developments, this case-based research analyzes and discusses Maersk's internationalization and its global strategies. Although Maersk aggressively sought internationalization and company-specific expansion, its global strategy and international expansion areas have encountered problems because of the slowdown of the global economy, de-globalization, and the U.S.-China trade tussle. The case-based research analyzes and discusses these issues within the areas of international business and the company's global strategies and industry-specific competition. Analystsand industry observers believe that Maersk will continue to be a major shipping and logistics firm and will thrive in global markets. At the same time, the company will be impacted by the changing competition, regulatory forces, and new technologies in logistics and global shipping. This case study also provides future developments and growth prospects of Maersk and the shipping industry. K E Y W O R D Scontainerization, containers, global strategy, Maersk, shipping industry

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“…The results have indicated that the spatial expansion of the China's international shipping network has generally been taking place also driven by inclusion of more foreign seaports into the "Maritime Silk Road" network configuration. The role of the large seaports such as Hong Kong and Shanghai in such growing network has also changed including more diversification and consequent managerial implications (Wang et al 2018). As well, the specific research has been dealing with the research of liner container shipping networks over the period 1967-2013.…”

Section: Modelling the Indicators Of Performances Of A Trunk Line/roumentioning

confidence: 99%

Multidimensional examination of the performances of a liner shipping network: trunk line/route operated by conventional (Panamax Max) and mega (ULC - ultra large container) ships

Janić

2018

J. shipp. trd.

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This paper deals multidimensional examination of performances of a trunk line/route of liner container-shipping network serving an intercontinental supply chain by the conventional (Panamax Max) and mega (ULC-Ultra Large Container) ships. The trunk line/route of the network includes the supplier and the customer seaport of freight shipments consolidated into containers (TEU (Twenty Foot Equivalent Unit)), and the container ships operated by liner shipping carriers and/or their alliances providing transport services between them. The supplier and the customer seaport can be either the main seaports of the line or the hubs of the H&S (Hub-and-Spoke) network of particular liner container-shipping carriers. The multidimensional examination implies defining and developing the analytical models of indicators of the trunk line's infrastructural, technical/technological, operational, economic, environmental, and social performances and their application to the selected real-life case. The infrastructural performances relate to the characteristics of infrastructure (berths) and container terminals in the seaports at both ends of the line. The technical/technological performances reflect the characteristics of facilities and equipment for loading/unloading and storing TEU shipments in these terminals, and that of the container ships transporting them. The operational performances include the transport service frequency, size, transport work and technical productivity of the deployed container ship fleet while serving a given volume of TEU flows during the specified time. The economic performances contain the inventory, handling, transport, and external costs of handling the TEU flows. The environmental performances relate to the fuel consumption and consequent emissions of GHG (Green House Gases). Finally, the social performances in terms of impacts generally refer to noise, congestion, and safety. The models of indicators of performances have been applied to the liner containershipping trunk line/route connecting the East Asia and North Europe operated exclusively by two above-mentioned categories of ships according to the "what-if" scenario approach. The results have indicated the very high sensitivity of all considered indicators of performances to the category of deployed ships under given conditions. As well, they have shown to be dependent on each otherthe operational on the

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From hierarchy to networking: the evolution of the “twenty-first-century Maritime Silk Road” container shipping system

Cited by 61 publications

References 43 publications

The Impact of Slumping Oil Price on the Situation of Tanker Shipping along the Maritime Silk Road

The Impact of Slumping Oil Price on the Situation of Tanker Shipping along the Maritime Silk Road

Global strategy gone astray: Maersk's big box boats and the world shipping industry

Multidimensional examination of the performances of a liner shipping network: trunk line/route operated by conventional (Panamax Max) and mega (ULC - ultra large container) ships

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