Assessing competition on Maritime Routes in the Liner Shipping Industry through multivariate analysis
Résumé
The current paper investigates the level of competition on maritime routes in the liner shipping industry by applying multivariate and cluster analyses on maritime indicators. We use a dataset which includes maritime routes between 153 ports for the year 2014, described by several characteristics regarding the number of operators, the number of ships and trips, the size of ships, the sea distance, the bilateral countries’ connectivity. Some clusters of maritime routes are identified along two key components, a first one related to the number of competing firms, and a second one where the average size of firms is positively correlated with distance. The first one indicates somehow the degree of competition while the second one is related to the efficiency of carriers. Another way of looking at competition is to consider the region-based trade and to see whether indicators respond differently from region to region.
Domaines
Economies et financesOrigine | Fichiers produits par l'(les) auteur(s) |
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