Edited by Kevin Cullinane, University of Gothenburg, Sweden

’The International Handbook of Maritime Economics, expertly edited by Kevin Cullinane, is a very welcome addition to the maritime economics literature. Reflecting the widened scope of the International Association of Maritime Economics, it covers traditional maritime economics nicely complemented with port economics and management as well as hinterland transport. The book also balances shipping segments, geographical areas and management perspectives. The contributors clearly demonstrate their leading expertise when putting shipping into a trade, logistics and policy context. I sincerely recommend this book to anyone interested in contemporary shipping issues.’

• Contents:1. Editor’s Introduction: We Never Know the Worth of Water Till the Well is DryKevin Cullinane 2. The Maritime Industry: Key Developments in Seaborne Trade, Maritime Business and MarketsHassiba Benamara, Jan Hoffmann and Vincent Valentine 3. The Option to Change the Flag of a VesselManolis G. Kavussanos and Andrianos E. Tsekrekos 4. Fixtures-based Freight Rate Indices, and their Impact on Freight Rate Modelling in the Shipping IndustryAlbert Veenstra and Jan van Dalen 5. Fundamental Analysis and Relative Efficiency of Maritime Firms: Dry Bulk vs Tanker FirmsPhotis Panayides and Neophytos Lambertides 6. Modelling the Impact of Double Hull Technology on Oil Spill NumbersDavid Glen 7. An Investigation into the Effect of Risk Management on the Profitability of Shipping Investment and Operations Amir H. Alizadeh and Nikos Nomikos 8. Structural Factors Underlying Mergers and Acquisitions in Liner ShippingMike Fusillo9. Liner Shipping Networks and Market ConcentrationRicardo J. Sanchez and Gordon Wilmsmeier 10. One-Hundred Percent Scanning of Port Containers: The Impact on Maritime Transport ChainsWayne Talley 11. Are Bunker Adjustment Factors Aimed at Revenue-making or Cost Recovery? Empirical Evidence on the Pricing Strategies of Shipping Lines Theo Notteboom and Pierre Cariou 12. The Value of Direct Call Services by Container Shipping Lines in Northern Europe: Support Model for Strategic Scenario Development and Case StudyArne Jensen and Rickard Bergqvist 13. An Analysis of Short Sea Shipping as an Alternative for Freight TransportLourdes Trujillo, Francesca Medda and María M. González 14. Optimal Inventory Control for Empty Containers in a Port with Random Demands and Repositioning Delays Dong-Ping Song and Qing Zhang 15. Measuring Competition between PortsSimme Veldman and Eric van Drunen 16. Captive and Contestable Port Hinterlands: Modelling and Visualization using GIS Jacob Kronbak and Kevin Cullinane17. Seaport Efficiency and Productivity GrowthCarlos Barros, Hercules Haralambides, Mohamed Hussain and Nicolas Peypoch 18. A Multi-step Approach to Model the Relative Efficiency of European Ports: The Role of Regulation and Other Non-discretionary FactorsAngela Stefania Bergantino and Enrico Musso 19. Is Puerto Limon a Real Lemon? Port Inefficiency and its ImpactPaul Kent and Alan Fox 20. Port Performance in Changing Logistics Environments: Measurement Development and Model TestingSu-Han Woo and Stephen PettitIndex

Edited by Kevin Cullinane, University of Gothenburg, Sweden

’The International Handbook of Maritime Economics, expertly edited by Kevin Cullinane, is a very welcome addition to the maritime economics literature. Reflecting the widened scope of the International Association of Maritime Economics, it covers traditional maritime economics nicely complemented with port economics and management as well as hinterland transport. The book also balances shipping segments, geographical areas and management perspectives. The contributors clearly demonstrate their leading expertise when putting shipping into a trade, logistics and policy context. I sincerely recommend this book to anyone interested in contemporary shipping issues.’

• Contents:1. Editor’s Introduction: We Never Know the Worth of Water Till the Well is DryKevin Cullinane 2. The Maritime Industry: Key Developments in Seaborne Trade, Maritime Business and MarketsHassiba Benamara, Jan Hoffmann and Vincent Valentine 3. The Option to Change the Flag of a VesselManolis G. Kavussanos and Andrianos E. Tsekrekos 4. Fixtures-based Freight Rate Indices, and their Impact on Freight Rate Modelling in the Shipping IndustryAlbert Veenstra and Jan van Dalen 5. Fundamental Analysis and Relative Efficiency of Maritime Firms: Dry Bulk vs Tanker FirmsPhotis Panayides and Neophytos Lambertides 6. Modelling the Impact of Double Hull Technology on Oil Spill NumbersDavid Glen 7. An Investigation into the Effect of Risk Management on the Profitability of Shipping Investment and Operations Amir H. Alizadeh and Nikos Nomikos 8. Structural Factors Underlying Mergers and Acquisitions in Liner ShippingMike Fusillo9. Liner Shipping Networks and Market ConcentrationRicardo J. Sanchez and Gordon Wilmsmeier 10. One-Hundred Percent Scanning of Port Containers: The Impact on Maritime Transport ChainsWayne Talley 11. Are Bunker Adjustment Factors Aimed at Revenue-making or Cost Recovery? Empirical Evidence on the Pricing Strategies of Shipping Lines Theo Notteboom and Pierre Cariou 12. The Value of Direct Call Services by Container Shipping Lines in Northern Europe: Support Model for Strategic Scenario Development and Case StudyArne Jensen and Rickard Bergqvist 13. An Analysis of Short Sea Shipping as an Alternative for Freight TransportLourdes Trujillo, Francesca Medda and María M. González 14. Optimal Inventory Control for Empty Containers in a Port with Random Demands and Repositioning Delays Dong-Ping Song and Qing Zhang 15. Measuring Competition between PortsSimme Veldman and Eric van Drunen 16. Captive and Contestable Port Hinterlands: Modelling and Visualization using GIS Jacob Kronbak and Kevin Cullinane17. Seaport Efficiency and Productivity GrowthCarlos Barros, Hercules Haralambides, Mohamed Hussain and Nicolas Peypoch 18. A Multi-step Approach to Model the Relative Efficiency of European Ports: The Role of Regulation and Other Non-discretionary FactorsAngela Stefania Bergantino and Enrico Musso 19. Is Puerto Limon a Real Lemon? Port Inefficiency and its ImpactPaul Kent and Alan Fox 20. Port Performance in Changing Logistics Environments: Measurement Development and Model TestingSu-Han Woo and Stephen PettitIndex

Edited by Kevin Cullinane, University of Gothenburg, Sweden

’The International Handbook of Maritime Economics, expertly edited by Kevin Cullinane, is a very welcome addition to the maritime economics literature. Reflecting the widened scope of the International Association of Maritime Economics, it covers traditional maritime economics nicely complemented with port economics and management as well as hinterland transport. The book also balances shipping segments, geographical areas and management perspectives. The contributors clearly demonstrate their leading expertise when putting shipping into a trade, logistics and policy context. I sincerely recommend this book to anyone interested in contemporary shipping issues.’

• Contents:1. Editor’s Introduction: We Never Know the Worth of Water Till the Well is DryKevin Cullinane 2. The Maritime Industry: Key Developments in Seaborne Trade, Maritime Business and MarketsHassiba Benamara, Jan Hoffmann and Vincent Valentine 3. The Option to Change the Flag of a VesselManolis G. Kavussanos and Andrianos E. Tsekrekos 4. Fixtures-based Freight Rate Indices, and their Impact on Freight Rate Modelling in the Shipping IndustryAlbert Veenstra and Jan van Dalen 5. Fundamental Analysis and Relative Efficiency of Maritime Firms: Dry Bulk vs Tanker FirmsPhotis Panayides and Neophytos Lambertides 6. Modelling the Impact of Double Hull Technology on Oil Spill NumbersDavid Glen 7. An Investigation into the Effect of Risk Management on the Profitability of Shipping Investment and Operations Amir H. Alizadeh and Nikos Nomikos 8. Structural Factors Underlying Mergers and Acquisitions in Liner ShippingMike Fusillo9. Liner Shipping Networks and Market ConcentrationRicardo J. Sanchez and Gordon Wilmsmeier 10. One-Hundred Percent Scanning of Port Containers: The Impact on Maritime Transport ChainsWayne Talley 11. Are Bunker Adjustment Factors Aimed at Revenue-making or Cost Recovery? Empirical Evidence on the Pricing Strategies of Shipping Lines Theo Notteboom and Pierre Cariou 12. The Value of Direct Call Services by Container Shipping Lines in Northern Europe: Support Model for Strategic Scenario Development and Case StudyArne Jensen and Rickard Bergqvist 13. An Analysis of Short Sea Shipping as an Alternative for Freight TransportLourdes Trujillo, Francesca Medda and María M. González 14. Optimal Inventory Control for Empty Containers in a Port with Random Demands and Repositioning Delays Dong-Ping Song and Qing Zhang 15. Measuring Competition between PortsSimme Veldman and Eric van Drunen 16. Captive and Contestable Port Hinterlands: Modelling and Visualization using GIS Jacob Kronbak and Kevin Cullinane17. Seaport Efficiency and Productivity GrowthCarlos Barros, Hercules Haralambides, Mohamed Hussain and Nicolas Peypoch 18. A Multi-step Approach to Model the Relative Efficiency of European Ports: The Role of Regulation and Other Non-discretionary FactorsAngela Stefania Bergantino and Enrico Musso 19. Is Puerto Limon a Real Lemon? Port Inefficiency and its ImpactPaul Kent and Alan Fox 20. Port Performance in Changing Logistics Environments: Measurement Development and Model TestingSu-Han Woo and Stephen PettitIndex