본문내용 바로가기 주메뉴 바로가기 서브메뉴 바로가기
홈PUBLICATIONSResearch Project Report

Research Project Report

Research Project Report 상세보기
A Study on Influence of Global Logistics Route Changes on East Asian Logistics Market
Report No. 2015-12 Research Manager Sung Woo, Lee
File

Research Member : Eun Woo, Kim / Se Won, Kim


In general, global maritime logistics routes have been connected from Asia to Europe via the Sues Canal, or from Asia to U.S west coast ports or via the Panama Canal to U.S east coasts without any significant changes for a long time.  


- As the second Suez Canal was opened in 2015 and the Northern Sea Route that has been received attentions since the mid-2000s was commercialized, huge changes are expected for global logistics routes.

- In addition, the development of the Nicaragua Canal in South America and the Kra Canal in Asia is currently under discussion.


This study analyzes competitiveness by channels by applying the change factors of the Suez Canal, Panama Canal, and North Pole Route out of global logistics routes.


- It draws competitiveness factors (time, cost) through review on previous studies, analyzing influences that the total transport costs by channels have on the cargo volume change through the Log-Log model with the data of VISERTrade.

- As for the routes from East Asian ports to U.S east coast ports, when comparing the U.S inland multimodal transport route and all water routes via the Panama Canal, the inland multimodal transport has slightly more competitive in terms of time, but the competitive advantage is expected to change depending on the origins/destinations of cargo in terms of cost.

- As for Europe routes, TSR is shown to be most competitive, followed by the North Pole Route and Suez Canal, and such competitive edge becomes different depending on origins/destinations in Europe.   


The influences that above results have on East Asia’s logistics market are as follow.


- Due to the expansion of the Panama Canal, the calling fleets are expected to be enlarged in U.S east coast ports, and as a result, ports would be required to improve port facilities and services for large ships to call at.

- Since the opening of the second Suez Canal reduced the ship transit time, Hong Kong could have an advantage if cargos are transported toward U.S via the Panama Canal and Singapore could be more favorable if they pass through the Suez Canal to U.S in terms of cost and time.

- Such changes would alter the calling pattern of transshipment cargos within the East Asian region, and it is possible that the transshipment function of Hong Kong becomes weaker while that of Singapore becomes stronger.


Korean logistics companies including shipping companies and port management companies are responding to the changes of global logistics routes as bellow. 


- Logistics companies need strategies to diversify and expand the comprehensive and professional service areas in respond to the change of end consumers’ purchasing pattern and especially require strategies for the Central Eastern and Central and Southern U.S and Central and Eastern Europe where pierce competition is expected.  

- The competition range would be expanded for port management companies, and like Hong Kong the attracting strategies of cargos are required for ports that would have more options of cargo transport routes due to the change of the Suez Canal and Panama Canal. 

- Strategies should be established to undertake new projects including securing logistics centers at major hubs with the changing global logistics map and then to secure port hubs by stages.


Research Project Report 상세보기
A Study on Influence of Global Logistics Route Changes on East Asian Logistics Market
Report No. 2015-12 Research Manager Sung Woo, Lee
File

Research Member : Eun Woo, Kim / Se Won, Kim


In general, global maritime logistics routes have been connected from Asia to Europe via the Sues Canal, or from Asia to U.S west coast ports or via the Panama Canal to U.S east coasts without any significant changes for a long time.  


- As the second Suez Canal was opened in 2015 and the Northern Sea Route that has been received attentions since the mid-2000s was commercialized, huge changes are expected for global logistics routes.

- In addition, the development of the Nicaragua Canal in South America and the Kra Canal in Asia is currently under discussion.


This study analyzes competitiveness by channels by applying the change factors of the Suez Canal, Panama Canal, and North Pole Route out of global logistics routes.


- It draws competitiveness factors (time, cost) through review on previous studies, analyzing influences that the total transport costs by channels have on the cargo volume change through the Log-Log model with the data of VISERTrade.

- As for the routes from East Asian ports to U.S east coast ports, when comparing the U.S inland multimodal transport route and all water routes via the Panama Canal, the inland multimodal transport has slightly more competitive in terms of time, but the competitive advantage is expected to change depending on the origins/destinations of cargo in terms of cost.

- As for Europe routes, TSR is shown to be most competitive, followed by the North Pole Route and Suez Canal, and such competitive edge becomes different depending on origins/destinations in Europe.   


The influences that above results have on East Asia’s logistics market are as follow.


- Due to the expansion of the Panama Canal, the calling fleets are expected to be enlarged in U.S east coast ports, and as a result, ports would be required to improve port facilities and services for large ships to call at.

- Since the opening of the second Suez Canal reduced the ship transit time, Hong Kong could have an advantage if cargos are transported toward U.S via the Panama Canal and Singapore could be more favorable if they pass through the Suez Canal to U.S in terms of cost and time.

- Such changes would alter the calling pattern of transshipment cargos within the East Asian region, and it is possible that the transshipment function of Hong Kong becomes weaker while that of Singapore becomes stronger.


Korean logistics companies including shipping companies and port management companies are responding to the changes of global logistics routes as bellow. 


- Logistics companies need strategies to diversify and expand the comprehensive and professional service areas in respond to the change of end consumers’ purchasing pattern and especially require strategies for the Central Eastern and Central and Southern U.S and Central and Eastern Europe where pierce competition is expected.  

- The competition range would be expanded for port management companies, and like Hong Kong the attracting strategies of cargos are required for ports that would have more options of cargo transport routes due to the change of the Suez Canal and Panama Canal. 

- Strategies should be established to undertake new projects including securing logistics centers at major hubs with the changing global logistics map and then to secure port hubs by stages.


이전글, 다음글 읽기
이전글 Analysis on Scenario of Available Energy Resources in Northern Sea Area
다음글 A Study on Future Technology Development Strategy of Bulk Ports