StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The impact of privatisation on port efficiency - Coursework Example

Comments (0) Cite this document
Summary
Thus, due to capital intensive characteristics of liner shipping and the ongoing growth and development of containerisation transport, there is a need to use full capacity of…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.6% of users find it useful
The impact of privatisation on port efficiency
Read TextPreview

Extract of sample "The impact of privatisation on port efficiency"

Download file to see previous pages For instance, at a macroeconomic level, port efficiency has been discovered to be an integral element in determining a country’s global competitiveness and trade prospects because it make exportation cheaper and thus, making the country’s products competitive in international markets (Culline, 2010; Park and De 2004). For this reason, governments are recognising the imperativeness of port efficiency both at the macro and micro economic levels and have started taking radical measures such as privatisation to improve their performance. This literature review examines the impact of privatisation on the efficiency of ports by examining empirical evidence and theoretical framework.
In academic studies, the concept of efficiency has been used to evaluate the performance. In port literature, Wang and Knox (2011); Talley (2009) discusses three types of port efficiency, which include technical, overall and allocative efficiency. Technical efficiency is achieving the greatest productivity at the least cost possible while allocative efficiency is the production of goods and services that are demanded by customers. On the other hand, overall efficiency is the efficiency achieved when both allocative and technical efficiency are maximised and exist. For the purpose of this literature, all types of efficiency will be considered to determine the impact privatisation has on the efficiency of ports.
According to Baird (2002), public ports are perceived to be inefficient because they are managed by government hierarchies and thus, suffer from disincentivisation, lack of clarity in operational responsibility and corporate objectives, goals displacement and excessive ministerial intervention (Demirel, Cullinane and Haralambides, 2011). Thus, as much as the role of the public in management of port facilities is inevitable and remains significant, it is imperative to recognise that privatisation of port facilities helps overcome the limitations of traditional, ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The impact of privatisation on port efficiency Coursework”, n.d.)
The impact of privatisation on port efficiency Coursework. Retrieved from https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency
(The Impact of Privatisation on Port Efficiency Coursework)
The Impact of Privatisation on Port Efficiency Coursework. https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency.
“The Impact of Privatisation on Port Efficiency Coursework”, n.d. https://studentshare.org/professional/1677478-the-impact-of-privatisation-on-port-efficiency.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The impact of privatisation on port efficiency

Port strategy

...?Port Strategy Table of Contents Port Strategy Introduction 3 Global and Integrated Port Services (Scope and Practice) 4 Strategies of Major Port Operators 6 HHLA (Hamburger Hafen und Logistik AG) 7 Evolution of HHLA 7 Motives behind Restructuring of HHLA 8 PSA (Port of Singapore Authority) 8 Evolution of PSA 8 Motives behind Restructuring of PSA 9 ABP (Associated British Ports) 10 Evolution of ABP 10 Motive behind Restructuring of ABP 10 Perception of Port Authorities towards Restructuring 10 Impact of Restructuring on The Efficiency of Port Industry 11 Conclusion 12 References 13 Introduction The global economy and business have expanded dynamically since 20th century. The business related to port had increased at a rate of 8% from 2000...
8 Pages(2000 words)Essay

Port Management

...?Table of contents 0 Port Management 1. Introduction 2.0 Benefits of port reform 2 Forms of port reform strategy 2 1 Commercialization 2 2 Deregulation and elimination 2.1.3 Corporatization 2.1.4 Privatization 2.1.5 Modernization of port authority 3.0 Burdens of port reform 4.0 Conclusion Port Management 1.0 Introduction During the last two centuries, ports tended to serve as instruments of colonial or state powers, and port access and egress served as a markets control strategy. There was minimal competition between ports and port-related costs were very low compared to the cost of water transport. As a result of these, there was little motivation and incentives to improve the levels of port efficiency. At present, there is continued need...
8 Pages(2000 words)Essay

Privatisation

Changes in ownership are most directly associated with changes in control. (Commission on Public Private Partnerships, 2001) In principle, privatisation programmes involve a fading in control applied by the state and a shift of control to private investors. It is this aspect of privatisation that is the most significant to East European countries that consider the exclusion of state control as a primary goal.
Finance
Private capital sectors have not been an essential foundation of funding of privatized ventures. Allegations to the effect that public-sector assets were sold too inexpensively are basically pointless.
Information
Privatisation plans have promoted the particular identification of the public-good aspects...
8 Pages(2000 words)Essay

Privatisation in UK

... oil in the UK is actually obtaining by driving rapid rainforest destruction in South East Asia. Over 500 UK companies have been trading in palm oil, most for more than a decade now without any UK company law to curb them. Yet despite high profile public campaigns about its impacts, virtually none of these companies can prove that their palm oil is obtained from non-destructive sources. Although the NCP Act allows for no political intervention in the processes leading to the conclusion of the privatisation of an enterprise, there is the requirement under Section 20 Sub section 4 of the NCP Act 2002 that every proposal for divestiture approved by the Commission shall (before implementation) be laid before Parliament for a period of twenty...
6 Pages(1500 words)Essay

Port Security

... and efficiency. Unity of command is very essential to react efficiently during adverse situations and possible terror attacks. All the sea ports should have a mechanism to co ordinate and work as a team without which deployment can be vulnerable to terrorist attacks. Question 3 Sea ports can be used in numerous ways by the terrorist and it is an easy target to attack. A suicide bomber can access the ports through sea and can trigger explosion or they can place remote controlled bombs to create explosion in the containers or vessels. Sea ports have vessels and containers and different varieties of ships and boats arriving from various countries, which can make access to ports easy. Attack can happen when the ships are docked at ports...
4 Pages(1000 words)Assignment

Management Efficiency Impact on Performance within CocaCola

...A DISSERTATION PROPOSAL ON MANAGEMENT EFFICIENCY IMPACT ON PERFORMANCE WITHIN COCACOLA By Presented on; Introduction The project is worth undertaking because the problem statement offers us a chance to directly qualify management as an impetus for performance. With the findings, a rationale could be created to design a model management for multinational corporations to enhance performance. The loopholes and strengths once realized can be worked on to create one foolproof system of management that ideally can be used as a template. With the project findings, companies can learn elements of management that can be useful to them in performance enhancing. The study can as well be used to impact further on the company itself. Since...
4 Pages(1000 words)Dissertation

The impact of port privatization on economic development in Nigeria

... creating a profitable market version of a public service, making investors attracted to it (Socialistproject.ca, 2014). Privatisation of ports around the globe has had a number of benefits to the economies of the country. For instance, the privatisation of the port of Brisbane Pty Ltd (PBPL) in Australia under 99 year lease has improved the efficiency of operation of the port and turned around the economy of the Queensland through the provision of the Dedicated Freight Rail Corridor (DFRC) that was established under the new form of privatisation. For example, for the financial year ended 2013, the port’s overall trade capacity improved by 2% to 37.6million tonnes from 36.8million tonnes in 2013 (Smith, 2013, p. 47). This was as a result...
12 Pages(3000 words)Essay

How Does Port Location Affect Port Traffic

.... 5.Infrastructure. In order for a port to be efficiently used, to process a large growing volume of cargo, and handle many ships, it must have a well-built infrastructure like terminals, piers, basins, cranes and warehouses. Providing investment has become a challenge for many ports.18 U.S public ports invested around $ 24.4 billion since 1946. Over the past 5 years, hundreds of millions of dollars have been invested by the U.S in new facilities and it will continue to invest more than $ 1 billion each year.19 Investment will also be diverted to ports hit by calamities like New Orleans, the worst hit port by Hurricane Katrina; it was estimated that $ 1 billion was needed for rebuilding and relocating operations.20 U.S Ports are exposed...
10 Pages(2500 words)Case Study

Port Logistics

...«Port Logistics» Sea transport has for a long time now been a vital cannel for the delivery of goods of different kinds from one point to the other in the UK. Were it not for sea transport, international trade would be struggling since its varied cargo ferrying capacity remains unmatched by other transport systems. It therefore follows that management of the port business is an important area in not only internal but external business operation. Port logistics involve management strategies used by port management and government agencies to ensure efficient goods circulation from their origin to their destination in such a way that satisfies the needs of the customers. Relevant key areas in the shipping industry include the ferrying...
12 Pages(3000 words)Term Paper

Port Logistics

... «Ports Logistics» Introduction Sea transport has for a long time now been a vital channel for the delivery of goods of different kinds from one point to the other in the UK. Were it not for sea transport, international trade would be struggling since its varied cargo ferrying capacity remains unmatched by other transport systems. It therefore follows that management of the port business is an important area in not only internal but external business operation. Port logistics involve management strategies used by port management and government agencies to ensure efficient goods circulation from their origin to their destination in such a way that satisfies the needs...
10 Pages(2500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Coursework on topic The impact of privatisation on port efficiency for FREE!

Contact Us