• Journal of Navigation and Port Research
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• v.30 no.6 s.112
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• pp.509-515
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• 2006

As international trade has been increased, the competition of major ports is getting hard. The objective of this competition is that to get more cargoes, so port managements and operators are struggling to obtain cargoes. In addition the competition structure has classified several forms bemuse of specialization, integration and subdivision of port players. In this paper, therefore, we analyze the change of competition structure by port players' development characteristics. In the result of this study, competition structure is divided into five groups as among nations, among ports, among container terminal operation companies, among global container terminal operation companies and among container terminal operation companies operated by shipping companies. And they have showed not only competition but also co-operation partly in order to get strategic position.

• Journal of Korea Port Economic Association
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• v.25 no.3
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• pp.207-228
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• 2009

The purpose of this paper is to analyze the concentration effect of Busan container terminal. Productivity and efficiency have played key role to attract more cargo to a port because these are important factors to select liners’ calling port in vessel deployment. It means that productivity directly links with the liners’ vessel operation cost. The main results of this paper are as follows: the port concentration by terminal integration can improve the port's external image with recovering tariff competitiveness and also facilitate economic effect of size through efficient management.

• Journal of Korea Port Economic Association
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• v.36 no.1
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• pp.129-140
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• 2020

In the future, the global container handling market will be reorganized into larger ships and shipping alliances, and the bargaining power of shipping companies will be further strengthened. Therefore, the global terminal operator (GTO), which has a global network, vast experience, and operational know-how, is expected to strengthen its competitiveness. In Korea, the central government promoted the development of GTOs in the mid-2000s, but it failed, mainly due to disagreements between port stakeholders. In this study, the macroeconomic indicators that have the same effect in all regions were used to analyze GTO management performance. In the short term, it could be used to establish the business strategy of domestic terminal operators based on changes in macroeconomic indicators. In the long term, it would be used to establish a promotion strategy for GTOs in Korea. The results of analyzing the impact of macroeconomic indicators on the GTO's profit show that the GTO's profit is significantly affected by cargo handling capacity, the consumer price index of the United States, the Shanghai Composite Index, the Crude Oil Price, and the London Inter-bank Offered Rate (LIBOR). However, the scale of impact was not significantly different between public and private GTOs.

• Journal of Korea Port Economic Association
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• v.40 no.3
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• pp.1-26
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• 2024

This study aims to examine the business diversification status of Global Container Terminal Operators(GTOs) and to determine the impact of business diversification on corporate performance using a quantitative index. To this end, a panel regression analysis was conducted using 10-year time series data of 12 GTOs. The results of the empirical analysis show that, first, the mean of the business diversification index of GTOs is rather low at 0.244; second, the business diversification of GTOs affects ROE and TobinsQ among corporate performance. In the case of the dependent variable ROE, we found that there is a non-linear relationship, with no effect in the early stage, a negative effect after a certain level, and a positive effect after a certain level, while the dependent variable TobinsQ has a positive linear relationship. As a result, it seems that GTOs with strong global influence should pursue business diversification in the direction of strengthening and expanding their core business capabilities, and efficient selection and focus at the corporate level are necessary to avoid excessive diversification due to indiscriminate business expansion.