PRIVATIZATION AND RESTRUCTURING OF SHIPPING COMPANIES IN TRANSITION ECONOMIES
Privatization in shipping focuses on systematic change by establishing private property as the basis of a market economy. Ownership rights are broadly distributed to the private sector while possession rights are often allocated to insiders. The process of privatization, however, shows distinct differences in the countries studied and has not been finished. market transition went hand in hand with fundamental tonnage reduction and re-orientation in fleet strategies and service configuration. Generally, regional market niches were sought and also diversification into the non-shipping sector has been observed. Cooperation became a basic necessity, though approaches in joining international cooperative structures differed. Generally, organizational restructuring led to integrated holding structures. Developments make clear that mere change in ownership does not ensure for long term competitiveness. Evidently, the decisive contribution for the success of transition rests with sound restructuring.
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Availability:
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Corporate Authors:
The Boulevard, Langford Lane
Kidlington, Oxford United Kingdom OX5 1GB -
Authors:
- Breitzmann, K-H
- von Seck, F
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Conference:
- World Transport Research: Selected Proceedings of the 8th World Conference on Transport Research
- Location: Antwerp, Belgium
- Date: 1998-7-12 to 1998-7-17
- Publication Date: 1999
Language
- English
Media Info
- Features: References; Tables;
- Pagination: p. 15-28
Subject/Index Terms
- TRT Terms: Competition; Diversification; Fleet management; Market structure; Ownership; Privatization; Regional economics; Restructuring; Shipping; Tonnage
- Subject Areas: Economics; Marine Transportation; Operations and Traffic Management;
Filing Info
- Accession Number: 00783920
- Record Type: Publication
- ISBN: 0080435904
- Report/Paper Numbers: Volume 1
- Files: TRIS
- Created Date: Feb 4 2000 12:00AM