Transportation and Mobility Management Commons^™

Bargaining Inefficiency Due To Mispricing Under Incomplete Information : Evidence From The Bilateral Oligopolistic Containership Time Charter Market, Jaeung Cha

World Maritime University Ph.D. Dissertations

A well-established body of bargaining studies theoretically demonstrates that inherent limitations in observing the counterplayer’s private information give rise to an incomplete information setting in bargaining, leading to efficiency losses associated with mispricing, costly delays, and even bargaining failures. As the shipping market, a business-to-business market in which products are generally heterogeneous and the number of both sellers and buyers is limited by high entry/exit barriers, relies on a bargaining mechanism to determine tailored transaction prices, market pricing is prone to inefficiencies associated with incomplete information. However, the relevant empirical evidence remains underexplored in both the shipping finance and bargaining …

Analysis Of Safety Investment : Economic Benefit In Arctic Shipping To Shipping Companies And The Arctic Coastal States, Junjie Wan

World Maritime University Ph.D. Dissertations

Global warming severely affects the Arctic region, including ice coverage and thickness. In contrast, it allows unprecedented navigation opportunities for more extended periods each year, attracting maritime stakeholders because of the potential distance reduction compared to shipping corridor routes. However, mitigating Arctic navigation hazards requires safety investments, especially from shipowners and Arctic coastal states. When allocating limited resources to safety, decision-makers should efficiently prioritize their investments. This research aims to determine how to optimize shipping companies and Arctic coastal states’ safety investments. It begins with a comprehensive analysis of safety investments and safety economic benefits in Arctic shipping. Then, an …

Decarbonization Roadmap For The Domestic Fleet Of The Republic Of Korea, World Maritime University

Reports

The Zero Emission of Domestic Shipping in the Republic of Korea (ZED-PK) project is an ambitious initiative aimed at enhancing energy efficiency and developing a path towards zero emissions for the domestic shipping fleet in the Republic of Korea. ZED-PK encompasses a systematic and transdisciplinary approach involving multiple stakeholders. The project is structured into three phases, each dedicated to progressively advancing the decarbonization efforts within the maritime sector.

Domestic shipping is integral to the Republic of Korea’s economy, but contributes significantly to air pollution and GHG emissions. The sector’s emissions pose environmental risks, human health threats, and additional external costs, …

Investigating Inland Waterway Transport Through A Sustainable Development Perspective: A Case Study Of Magdalena River (Colombia), Natalia Calderón-Rivera

World Maritime University Ph.D. Dissertations

The development of transport systems significantly influences economies, growth, and welfare of populations. However, these systems can have negative consequences, such as water and air pollution, traffic congestion, noise, and biodiversity loss. To address these challenges, it is essential to implement strategies that mitigate negative effects while improving the environmental, social, and economic conditions of the population. In this regard, inland water transport (IWT) is globally recognized as a more sustainable transport alternative due to its high cargo load capacities and comparatively lower environmental and social impacts. In Colombia, the Magdalena River – the country’s most important river basin – …

Factors Influencing The Mode Split From Port To Hinterland : A Comparative Study Of European Ports, Gambia And Sri Lanka, Aji Keway Bangura, Prasanna Kumara Rajapaksha

World Maritime University Dissertations

This study examines the factors that affect transportation mode split and how mode split affects port congestion with a particular emphasis on comparing ports in Europe to Sri Lankan and The Gambian Ports. As ports are major nodes in maritime transportation, there is need to ensure seamless movement of cargos in and out of the port to avoid delays. Delay in moving cargo to and from the ports leads to port congestion. This usually amounts to extra costs for shippers while it leads to gradual damage of port facilities. To address this issue, there is need to ensure there is …

Policy Innovation As The Cornerstone Of Energy Transition: An Analysis Of Energy Policy In The Shipping Economy And Operations, Peyman Ghaforian Masodzadeh

World Maritime University Ph.D. Dissertations

Despite being excluded from most climate change treaties, the maritime sector is expected to manage and reduce carbon emissions in line with global decarbonization goals. Although the IMO's effort has been evident by the adoption of energy regulations and the GHG strategy during the past decade, however, the effectiveness and adequacy of the adopted energy policy remain questionable. This thesis aims to identify problems associated with energy policy in the shipping industry and propose appropriate solutions. Initially, this study was premised on the hypothesis that “energy policy in the shipping industry involves problems associated with policy design, policy implementation, and …

The Sustainability Of Integrated Cruise Ship Sanitation And Wastewater Management Systems : A Contribution To Circular Economy Strategies In The Baltic Region, Jenette Tifuh Mujingni

World Maritime University Ph.D. Dissertations

The implementation of sustainable sanitation and wastewater management strategies has been recognized as one of the most important strategies for mitigating wastewater-sourced nutrient environmental pollution, and a central contributor to the United Nations Sustainable Development Goals (UNSDGs). This study suggests that, by closing the nutrient loop through the implementation of Circular Economy principles in the management of cruise ship sanitary wastewater and enhancing the resource efficiency of the IGFS, the cruise industry could support the agricultural sector through the supply of more sustainable organic nutrients for farming with the overall goal of rendering both activities “green”, and mitigating the effect …

Implementation Of The Ism Code To Agencia Maritima De Servicios, C.A. (Amarserca), Oswald Jose Vargas

World Maritime University M.Sc. Dissertations

This dissertation comprises a practical implementation of the International Safety

Management (ISM) Code to a Company which deals with vessel traffic services and

pilot boat services.

Day by day the shipping industry is pressed to raise their standards with respect to

the safety of life at sea, damage to property and environmental protection, especially

after a major accident occurs. However, it has been determined that in most of the

cases human elements and poor managerial decision have been the cause of the

accidents. Consequently, the ISM code was adopted with the same aim of

protecting life at sea, property and …