Summary of Maritime Logistics

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Recommendation

Without maritime transport, the global economy would be dead in the water. And without maritime logistics, maritime transport would be grossly inefficient. The cost of all goods shipped by seaborne transportation – which is just about everything – would skyrocket. Distinguished maritime logistics scholars Dong-Wook Song and Photis M. Panayides have compiled essays by expert academics covering transport and shipping economics, maritime business administration, transport research, international logistics, supply chains and related fields. While this is a specialized book for scholars and those who understand the mathematical mechanisms behind maritime logistics – like “discriminant validity,” “structural equation modeling multivariate non-normality” and “squared interconstruct correlations” – readers who can’t decipher these dry, relatively rarefied concepts can skip them and still come away with a workable, in-depth understanding of maritime logistics. The text, while academic and sometimes a bit repetitive, is a true insiders’ manual. getAbstract recommends these astute essays to logistics managers and anyone who needs to learn about maritime transport.

About the Authors

Dong-Wook Song is a lecturer in maritime logistics at the Logistics Research Center at Heriot-Watt University in Scotland. Photis M. Panayides is an associate professor in shipping economics at the Cyprus University of Technology in Cyprus.

 

Summary

The Logistics of Maritime Transport

A quiet revolution is taking place in oceangoing cargo services, thanks to the development of worldwide maritime logistics and the expansion of the international shipping industry. Growth in global trade has resulted in notable restructuring of seaborne transportation, leading to increased deregulation, competition and supply-chain integration.

In the face of these changes, value-added logistics services are in great demand. Many prominent global transport operators now include logistics as an essential component of their strategies, so they can reduce costs and improve services. Because the freight transportation industry depends on tight linkages among disparate firms, it needs a sophisticated level of logistics.

The 1990s saw the rise of “integrators”: companies that offer logistics and contracting services, including total logistics solutions and “seamless origin-destination” capabilities. According to one survey, eight out of ten shipping lines say they plan to ally themselves more strategically with logistics firms and to enhance their internal logistics capabilities and services. However, whether internal logistics...


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