New Tools Help Port Management

MarineLink.com
Thursday, January 23, 2014

BMT Asia Pacific (BMT)  has launched two comprehensive tools for assessing port competition and managing commercial risk. 

The Port Choice Model and Port 360° evaluate the competitive advantage of a given port within its environment. Developed by BMT following years of academic research and professional consultancy assisting governments and stakeholders, the tools uniquely apply both quantitative and qualitative methodology and measure a spectrum of criteria, defined by leading economists and technical port experts. 

With the growing complexity of the port sector, BMT recognized the need to assess competition with greater, critical scrutiny. Typical market share studies draw on historical market share data, distance, or travel time estimates, but BMT’s assessment tools are designed to take analyses a few steps further.

“What investors need to know today is how the distribution dynamics of cargo – from ocean to hinterland – will impact future profits,” noted Dr. Richard Colwill, Managing Director, BMT Asia Pacific. “Ultimately we are looking to help clients invest wisely, and in today’s dynamic investment market this has never been more important.”

The time and cost items of BMT’s Port Choice Model include trucking time and cost from factory to port, average waiting time in ports due to customs inspection and cargo handling, frequency of sailings, specifics on the terminal handling charges, ocean freight costs differentials, as well as a series of other appropriate factors. This detailed analysis can give very specific results.

Dr. Simon Su, Director and Chief Economist, BMT Asia Pacific, explained, “Using the Port Choice Model we can more accurately predict how cargo owners and shippers choose their ports and the value they place on each of these factors, including intangible costs.”

The Port 360° tool, which reviews the competitive strengths of ports or between terminals within the same port, completes the picture of competitiveness and can be used in isolation when time or availability of data are limited. Port 360° reviews 12 criteria relating to four aspects of a port: Demand (cargo throughput), Physical Attributes, Hinterland Connectivity, and Management and Operating Systems.

Dr. Colwill concluded, “Port competition is fierce and operators and investors need a robust and reliable approach to measuring competition and addressing the possible outcomes as a result of changes in the market. We are very pleased to be introducing two new tools which further enable us to communicate our specialised knowledge to customers in a coherent and meaningful way.”

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

Obituary: Yacht Designer Jörg Beiderbeck

Jörg Beiderbeck, recognized as a figure among the world’s top megayacht designers, has passed away at the age of 69 on the evening of Sunday, August 2, at his home in Bremen-Vegesack,

Finance

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

Strategic Marine’s Stock Program Full Power Ahead

Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program

News

Pentalver Opens London Container Facility

U.K. inland container service operator Pentalver opened a new five-acre site at the U.K.’s newest deep sea container port, DP World London Gateway, the London Port Authority announced.

USCG’s New Cutter Pulls into Boston

The U.S. Coast Guard’s (USCG) latest 418-foot National Security Cutter James (WSML 754) entered Boston Harbor August 3 ahead of her commissioning scheduled for August 8.

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

Government Update

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

ASEAN: China Shuns South China Sea Dialogue

Chinese Vice Foreign Minister Liu Zhenmin said on Monday the disputed South China Sea should not be discussed at a meeting of the Association of Southeast Asian Nations (ASEAN).

Contship Italia Signs Iran MoU

Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO),

Logistics

Pentalver Opens London Container Facility

U.K. inland container service operator Pentalver opened a new five-acre site at the U.K.’s newest deep sea container port, DP World London Gateway, the London Port Authority announced.

Egypt Says Finishes Work on New Suez Canal

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and

CMA CGM to Resume Service to Iran

The world's third-largest container shipping group, France's CMA CGM, said on Monday it would resume operations to Iran following the deal between Tehran and world

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2508 sec (4 req/sec)