Regulation and Finance in the Port Industry: Lessons from Worldwide Experiences

Description

This book addresses the latest organizational, regulatory, and governance issues of main port systems, linking them to the financial aspects that are currently in use regarding investments in the port industry. A general review of port management and operations is complimented by analysis of country specific systems and a look at how ports could develop in the future.   This book aims to examine how different port organizational and regulatory contexts affect port investment practices and related financial tools. The book is of use to researchers and practitioners interested in maritime economics and transportation studies. Introduction: Book Rationale Contents Notes on Contributors List of Figures List of Tables Part I The Port Structure: Managerial and Operational Issues 1 Port Governance Models and Their Historical Development Introduction Switching from Port Reform to Port Governance Port Governance Critical Issues Need for Insights References 2 Institutions, Port Planning and Finance Introduction Institutions Towards Path Dependence Finance, Planning and National Interests Conclusions References Part II National Port Systems vis à vis Global Shipping 3 Port Finance and Regulation in Kenya Introduction Description of Kenya’s Port System Brief History of Port Governance in Kenya Traffic Performance Port Regulation and Planning Tools Financial Tools General Discussion Emerging Local Policies Limited Success of Port PPPs Despite the Elaborated Framework Critical Discussion and Conclusion References 4 Regulation, Governance and Infrastructure Pricing in South Africa’s Ports Sector South Africa’s Ports System Port Governance and Regulation Public and Private Sector Participation in Ports Revenue Required Pricing Methodology and Tariff Structure Discussion and Conclusion References 5 Regulation and Finance in the Port Sector: Current Practices and the Future of Port Development in Mexico National Port System Description Port Regulation and Planning Tools Financial Tools Links Between Local and National Port Regulation and the International Framework of Ports Critical Discussion: How Can Port Regulation and Financial Practices Affect Local Port Development? Conclusions References 6 U.S. Port Governance and Investment Introduction Port Governance Structures Infrastructure Needs Planning and Funding Tools Summary Outlook References 7 Regulation and Finance in the Bangladesh Port Industry Bangladesh Port System Port Regulation and Planning Financial Tools Links Between Local and National Port Regulation and the International Framework of Ports Critical Discussion References 8 The Chinese Port System: Current Organization and Investment Solutions Introduction Chinese Port System and Its Basic Governance Structure Local Port Development: Planning and Financial Tools Planning Tools Used by Local Ports Financial Tools Used by Local Ports Impact of Recent Regional Port Integration Reforms International Collaborations: The “Bring in” and “Going Global” Strategies Conclusions References 9 Development of Japan’s Port System Introduction to Japan’s Port System The Maritime Transport Market Classification of Japanese Ports The Japanese System of Port Management Port and Harbor Act (PHA) Port Management and Classification of Operations The Evolution of Port Management System by Containerization Framework for International Strategic Ports Japanese Port Development and Operations Port Planning and Development Port Operating Company System Since 2011 Public–Private Partnerships in Japan’s Port Management Discussion References 10 The Taiwanese Port System: Current Organization and Investment Solutions Taiwan’s Port Systems: An Overview The Commercial Port Law and Relevant Regulations Port Planning Tools Financial Tools Used by Taiwan’s Ports Link Between Local and International Frameworks Current Regulatory and Financial Structure Affecting Port Development Business Models of Taiwan’s Ports and Promoting International Collaboration References 11 Regulation and Finance in the Port Sector: Current Practices and Future Port Development: The Belgian Case National Belgian Port System Description Port Regulation and Planning Tools Financial Tools Investments in Belgian Ports Critical Discussion Literature 12 The French Port System: Forty Years of Port Governance Reforms The French Port System Description The French Port Regulation and Planning Tools The Financial Tools of the French Seaports Links Between Local and National Port Regulation and the International Framework of Ports Critical Discussion Bibliography 13 Regulation and Finance in the Port Sector: Current Practices in Germany Introduction: The German Port System Port Finance in Germany Governance and Financing Examples of German Ports Port of Hamburg The Ports of Bremen and Bremerhaven Ports in Lower Saxony, and JadeWeserPort Ports in Schleswig–Holstein: Lübeck and Kiel Ports in Mecklenburg West-Pomerania: Port of Rostock Discussion References 14 Regulating and Financing Greek Ports Introduction The Greek Port System The Regulatory Framework Financial Tools How Sustainable Is the Current Model? Concluding Remarks References 15 Aims, Goals, and Results of Port Reforms in Italy Introduction The Italian Port System Port Investment and Finance in the Italian Port System Port Operations in the Italian Port System Challenges for the Future of the Italian Port System References 16 The Dutch Port System: Regulation and Planning Issues Introduction The Dutch Governance System Dutch Investment Strategies and Port Tariffs Port Operation Management Legal Systems Port Planning and Shoreline Resource Protection Legal Systems Conclusions References 17 Regulation and Finance in the Norwegian Port Sector National Port System Description Port Regulation and Planning Tools Financial Tools Links Between Local and National Port Regulation and the International Framework of Ports Critical Discussion: How Can Port Regulation and Financial Practices Affect Local Port Development? References 18 Regulation and Finance in the Spanish Port Sector Main Characteristics of Spanish State Port System Governance Model Financial Tools and Their Link to Governance Models and National Legislation Public–Private Collaboration Challenges and Proposals for Reform Overcapacity Proposals for Change in Governance and New Strategic Framework References 19 Port Regulation and Finance in Turkey Introduction The National Port System Three-Port Regulation and Planning Tools Ownership and Financial Structures of Ports and Related National Regulations in Turkey Conclusion References 20 The British Port System: Current Organisation and Regulatory Challenges The UK Port Governance Model The UK Port System Port Investment and Financing Port Operations Conclusive Remarks References Part III The Port of the Future and Financial Solutions 21 Port Development, Regulation and Financial Approach Introduction Governance, Planning and Finance in Ports Financing Port Development: The Role of Private Parties Public–Private Partnerships Project Financing Project Bonds Alternative Funding Schemes: The Role of Multilateral Financial Institutions and Development Banks Lessons to Be Learnt References 22 Insights for Policymakers Seaport Governance: What For? Port Reform: A Never-Ending Story Implications for Practitioners Further Considerations for Policymakers References Conclusions—What’s Next? Index