New Maritime Business: Uncertainty, Sustainability, Technology and Big Data

Description

This book provides a response to the unexpected challenges imposed on every aspect of today’s maritime business. All chapters of this book are concerned with the single challenge facing the maritime business world – that is, uncertainty. Each chapter deals with a specific area of the maritime business community in an effort to better understand the complicated markets, to seek for a solution of economic or financial sustainability under the pressure of climate changes, to discuss technology as an option for the future, and finally to show how to utilise the big data set for better informed decision- and policymaking that used to be unfeasible in terms of scale and capacity. It is hoped that all those endeavours are considered as the first small step towards practically transforming the industry in line with Schumpeter (1943) as well as academically changing a paradigm of thinking and scientific discovery in line with Kuhn (2012), so that the maritime industry is better informed and prepared, and can greatly contributing to human lives. Foreword Foreword Preface Contents Editors and Contributors Introduction 1 Beginning . 2 About the Book 3 . Ending References Suggested Reading Part I: Recent Market Development Volatility and Uncertainty in Container Shipping Market 1 Introduction 2 Literature Review 3 Volatility and Uncertainty in Container Shipping in Relation to COVID-19 3.1 Insights from Container Throughput in Singapore 3.2 Insights from Container Vessel Arrival in Singapore 3.3 Insights from Container Freight Rate 3.4 Comparison with Other Shipping Markets in Singapore 4 Implications and Recommendations 5 Conclusion References Further Reading Containerships and Black Swans: The Impact of Disruptive Events on the Industry 1 Introduction 2 Black Swans Revisited 3 Volatile Transport Volumes 4 Highly Volatile Rates 5 Avenues of Explanation 5.1 Impact of Consolidation 5.2 Impact of Digitalization 5.3 Impact of a Generational Learning Curve 5.4 Impact of a Split GDP 5.5 Playing Prices, Not Following Them 5.6 New Pricing Models 5.7 Understanding Elasticities 5.8 Impact of Orderbook 6 Conclusion References COVID-19: Challenges and Future Responses in International Logistics 1 Introduction 2 Pandemic and Global Supply Chain 2.1 A Brief Literature Reviews on Supply Chain Risks 2.1.1 Major Researches Before COVID-19 2.1.2 Findings 2.2 Revisiting COVID-19 2.2.1 Impacts on Global Economy and Trade 2.2.2 Impacts on Global Supply Chain and Maritime Industry 3 A New Approach to Supply Chain Risk Mitigation in Era of Pandemics 3.1 Lessons from the COVID-19 Crisis 3.2 Challenges for SC Risk Mitigation 3.2.1 Resilience and Agility Coming Back 3.2.2 Existing SCR Mitigation Strategies and Limitation 3.2.3 Key Words for Considering a New Framework 4 Implications for International Logistics References Part II: Decarbonization and Green Finance Container Shipping Decarbonization Pathways 1 Introduction 2 Literature Review on Containerships Decarbonization 3 Past and Future Changes in Container Carbon Intensity 4 Past and Future Container Global CO2 Emissions 5 Conclusions References Green Shipping Finance: Existing Initiatives and the Road Ahead 1 Introduction 2 Financing Schemes for Green Shipping 2.1 Taskforce on Climate-Related Financial Disclosures (TCFD) of the Financial Stability Board (FSB) 2.2 Institutional Initiatives: The EU and the European Investment Bank (EIB) Initiatives 2.3 Private Initiatives: The Poseidon Principles initiative 2.4 Private Initiatives: The Green Loan Principles 2.5 Private Initiatives: The Getting to Zero Coalition Initiative 2.6 Green Bonds 2.6.1 Climate Bonds Initiative (CBI) 3 Discussion and Conclusions References Part III: Digitalization and Maritime Big Data Maritime Digital Business Models: The Case of D/S Norden, 2015-2020 1 Introduction 2 A Business Model Framework for Maritime Digitalization 3 The Case of Digital Transformation in D/S Norden, 2015-2020 4 Conclusion References Platform Revolution in Container Shipping Markets: An Economics Perspective 1 Introduction 2 Platform in Concept 2.1 Definition of Platform 2.2 Network Effects 2.3 Four Lens for Platform 3 Understanding Platform Structures in Container Shipping Markets 3.1 Step-Wise Process of a Typical Blockchain 3.2 TradeLens 3.3 FBX 4 Prospective Benefits, Barriers and Threats 4.1 Benefits 4.2 Barriers 4.3 Threats 5 Conclusions References Liner Services in Asia´s Major Container Ports: Implications for Busan 1 Introduction 2 Literature and Contribution 3 Method and Data 3.1 Data and Description 4 Findings and Discussion 4.1 Common Liner Services for Busan, Singapore, and Shanghai 4.2 Common Liner Services: Busan-Singapore (Exclusive) 4.3 Common Liner Services: Busan-Shanghai (Exclusive) 4.4 Common Liner Services: Singapore-Shanghai (Exclusive) 4.5 Liner Services: Exclusive to Busan 4.6 Liner Services Exclusive to Singapore 4.7 Liner Services Exclusive to Shanghai 4.8 Overview of the Port Intra-Dependency Ratio 5 Case Study and Recommendations 5.1 Busan Container Terminal Development 5.2 Challenges and Opportunities for Port of Busan 6 Conclusion References Part IV: Technology and New Business Model Research Developments and Debates Regarding Maritime Autonomous Surface Ship: Status, Challenges and Perspectives 1 Introduction 2 Maritime Autonomous Surface Ship (MASS): Levels of Autonomy 3 Research Development and Discussions Regarding MASS 3.1 MASS Technological Feasibility 3.2 Safety and Security Issues 3.3 Technology Governance 3.4 Economic Viability 3.5 Human Element and Social Implications 4 Reflections and the Ways Forward 5 Conclusion References New Business Models for Shipping: Innovation in the Netherlands 1 Introduction 2 Innovation in Shipping in the Netherlands 3 Three Innovation Missions for Shipping 3.1 Towards Zero Emission Shipping 3.2 Digital and Autonomous Shipping 3.3 Safety in Shipping 4 Development of New Business Models 4.1 Business Case: CoVadem 4.2 Business Case: Maintenance and Service Logistics 5 Concluding Remarks References