Measuring the impact of port congestion on containership freight rates
We examine the impact of port congestion on containership freight rates. Our overall results show that port congestion has a positive and significant effect on containership freight rates. The most important region is Asia, where a 1 % increase in port congestion has a >1 % effect on shipping fre...
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| Format: | Article |
| Language: | English |
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Elsevier
2025-06-01
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| Series: | Maritime Transport Research |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2666822X25000024 |
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| author | Nektarios A. Michail Konstantinos D. Melas |
| author_facet | Nektarios A. Michail Konstantinos D. Melas |
| author_sort | Nektarios A. Michail |
| collection | DOAJ |
| description | We examine the impact of port congestion on containership freight rates. Our overall results show that port congestion has a positive and significant effect on containership freight rates. The most important region is Asia, where a 1 % increase in port congestion has a >1 % effect on shipping freight rates. This suggests that the region, being the world's largest manufacturing area and an integral part of the supply chain, has much more importance than previously considered. As such, the results highlight the importance of the manufacturing region in supply chains and are also in line with the derived demand system in shipping. As per the results, a return to the pre-pandemic congestion levels in Asia would lead to at least a 25 % decline in containership freight costs. |
| format | Article |
| id | doaj-art-ef9b3af3bffb4c35a22304f33c89e5a8 |
| institution | Kabale University |
| issn | 2666-822X |
| language | English |
| publishDate | 2025-06-01 |
| publisher | Elsevier |
| record_format | Article |
| series | Maritime Transport Research |
| spelling | doaj-art-ef9b3af3bffb4c35a22304f33c89e5a82025-01-23T05:27:51ZengElsevierMaritime Transport Research2666-822X2025-06-018100130Measuring the impact of port congestion on containership freight ratesNektarios A. Michail0Konstantinos D. Melas1Economic Analysis and Research Department, Central Bank of Cyprus & School of Economics and Business, Cyprus University of Technology, CyprusDepartment of Economics, University of Western Macedonia, Kastoria, Greece, University of Macedonia, Thessaloniki, Greece & Faculty of Business and Economics, Metropolitan College, Thessaloniki, Greece; Correspondence author at. Department of Economics, University of Western Macedonia, Fourka area, 52100 Kastoria, Greece.We examine the impact of port congestion on containership freight rates. Our overall results show that port congestion has a positive and significant effect on containership freight rates. The most important region is Asia, where a 1 % increase in port congestion has a >1 % effect on shipping freight rates. This suggests that the region, being the world's largest manufacturing area and an integral part of the supply chain, has much more importance than previously considered. As such, the results highlight the importance of the manufacturing region in supply chains and are also in line with the derived demand system in shipping. As per the results, a return to the pre-pandemic congestion levels in Asia would lead to at least a 25 % decline in containership freight costs.http://www.sciencedirect.com/science/article/pii/S2666822X25000024G11G12G13G20 |
| spellingShingle | Nektarios A. Michail Konstantinos D. Melas Measuring the impact of port congestion on containership freight rates Maritime Transport Research G11 G12 G13 G20 |
| title | Measuring the impact of port congestion on containership freight rates |
| title_full | Measuring the impact of port congestion on containership freight rates |
| title_fullStr | Measuring the impact of port congestion on containership freight rates |
| title_full_unstemmed | Measuring the impact of port congestion on containership freight rates |
| title_short | Measuring the impact of port congestion on containership freight rates |
| title_sort | measuring the impact of port congestion on containership freight rates |
| topic | G11 G12 G13 G20 |
| url | http://www.sciencedirect.com/science/article/pii/S2666822X25000024 |
| work_keys_str_mv | AT nektariosamichail measuringtheimpactofportcongestiononcontainershipfreightrates AT konstantinosdmelas measuringtheimpactofportcongestiononcontainershipfreightrates |