Container Terminals In The Mediterranean
Region
Author(s)
J. C. van Ham & P. Autekie
Abstract
Globalisation of the world economy is the driving force behind the ever-growing
flow of containers. The rapid growth of container traffic requires, amongst other
things, additional terminal capacity. In this paper the issue is dealt with from a
terminal operator’s (i.e. PSA Europe) point of view.
Since the late 80s/early 90s stevedoring companies have started to invest in
other terminals in order to establish a global network. Looking for new
investment opportunities various terminal operators focus on the Mediterranean
region. Here, a distinction between two types of ports can be made; on the one
hand existing ports (e.g. Barcelona, Genoa) that serve a particular hinterland, on
the other hand major sea-sea transhipment hubs (e.g. Algeciras, Gioia Tauro)
that have emerged lately. The latter category needs the special attention of an
independent stevedoring company because shipping lines can easily move their
sea-sea transhipment to other ports.
After analysing the individual ports in detail, a score card has been used for
project appraisal. By studying literature and consulting industry experts a limited
set of Key Performance Indicators (KPI) was identified. Subsequently, a
qualitative score for each KPI was assigned to the port under consideration. In
this way the most promising business prospects become visible at a glance.
Different investment strategies can be pursued: brownfield projects i.e. mergers
and takeovers, and greenfield projects i.e. building new terminals. However,
before the actual investment decision is taken, further research should be carried
out.
Keywords: container transhipment, performance indicators, project appraisal.
Keywords
container transhipment, performance indicators, project appraisal.
Related Book
Other papers in this volume
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