Integration Strategies for Sustainable Positioning of Shipping Companies in the Maritime Trade Market System


Abstract

Introduction. The maritime transport of individual countries, operating in a single space of the World Ocean, determines the tasks and problems of creating standard requirements for the reliability of cargo flows and system security of operation. This significantly differentiates the conditions for the development of maritime transport as a subsystem of the global maritime transport market between its individual structures, on the one hand, and national maritime transport complexes, on the other. This is what determines the expediency of various integration processes in the system of the maritime trade market.

Aim and tasks. The study examined the role of integration technologies in the global maritime trade market and the analysis of the development of the country's maritime transport complex in relation to its real needs for participation in integration processes, as well as possible strategies for integration principles and finding ways to implement such strategies in the activities of the country.

Results. The study resulted in the identification of three approaches to the forms of integration in the maritime trade market. The first form includes the processes of creating the gross national product based on the international division of labor, when the global sectoral equilibrium is achieved by combining the technology of producers of one country with the resources and territory of another state. The second form of integration is the M&A strategy for the further development of shipping companies and other enterprises of the maritime complex. The third form is the interaction of individual maritime transport enterprises in intermodal connections. The implementation of all the above forms of integration is in line with globalization trends in the socio-economic development, achievements of technological progress and strategic interests of shipping companies.

Conclusions. The development of maritime transport in terms of integration characteristics and technical priorities reflects the principle of sustainability. At the same time, activities are separated in the system of achieving a balance in the state of the main components of the transport services market according to the criteria for optimizing the investment flow. The latter necessitates a constant search for optimization of the fleet's carrying capacity and cargo terminal throughput. The main thing is to study the optimization of development from the perspective of both macroeconomic and business structures.

Keywords:

integration strategies, shipping, sustainability, ports.

References

Alexandrou, G., Gounopoulos, D., & Thomas, H. (2014). Mergers and acquisitions in shipping. Transportation Research, 61, 212-234. https://doi.org/10.1016/j.tre.2013.11.007
Amado, G., & Ambrose, A. (2001). Transitional Approach to Change. London: Karnac Books.
Bernard, M. (2012). Key Performance Indicators (KPI): The 75 measures every manager needs to know. Financial Times Press.
Crammenos, C. (2020). The Handbook of Maritime Economics and Business. London: LLoyd's List.
Filipishyna, L., Bessonova, S., & Venckeviciute, G. (2018). Integral assessment of developmental stability: cases of Lithuania and Ukraine. Journal of Entrepreneurship and Sustainability Issues, 6(1), 87–99. https://doi.org/10.9770/jesi.2018.6.1(7)
Friedlob, G. T., & Plewa, F. J. (2002). Essentials of Corporation Performance Measurement. New York: John Wiley.
Garg, C. P., & Kashav, V. (2019). Evaluating value creating factors in greening the transportation of Global Maritime Supply Chains (GMSCs) of containerized freight. Transportation Research. Part D, Transport and Environment, 73, 162–186. https://doi.org/10.1016/j.trd.2019.06.011
Golubkova, I., Sienko, H., Lysenko, N., Frasyniuk, & T., Parkhomenko, I. (2021). Criteria for the management of a sustainable and safe positioning of the fleet in the conditions of globalization. Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu, 2, 178-183. https://doi.org/10.33271/nvngu/2021-2/178
Inghels, D., Dullaert, W., & Vigo D. (2016). A Service network design model for multimodal municipal solid waste transport. European Journal of Operational Research, 254, 68-79. https://doi.org/10.1016/j.ejor.2016.03.036
Kostetska, K., Khumarova, N., Umanska, Y., Shmygol, N., & Koval, V. (2020). Institutional qualities of inclusive environmental management in sustainable economic development. Management Systems in Production Engineering, 28 (2), 15-22. https://doi.org/10.2478/mspe-2020-0003
Krikigianni, E. S., Latsa, E., Gayialis, S. P., Panayiotou, N. A., Kostovasili, M., Kanellopoulos, I., & Amditis, A. (2022). Matchmaking the emerging demand and supply need in the maritime supply chain domain: A system design framework. Sustainability, 14(21), 14622. https://doi.org/10.3390/su142114622
Kvach, Y., Piatka, N., & Koval, V. (2020). Management of sustainable entrepreneurship adaptation to tax changes in environmental investment. Baltic Journal of Economic Studies, 6(5), 96-105. https://doi.org/10.30525/2256-0742/2020-6-5-96-105
Lupi, M., Farina, A., Orsi, D., & Pratelli, A. (2017). The capability of Motorways of the Sea of being competitive against road transport. The case of the Italian mainland and Sicily. Journal of Transport Geography, 58, 9-21. https://doi.org/10.1016/j.jtrangeo.2016.11.002
Mohd Salleh, N. H., Selvaduray, M., Jeevan, J., Ngah, A. H., & Zailani, S. (2021). Adaptation of Industrial Revolution 4.0 in a seaport system. Sustainability, 13(19), 10667. https://doi.org/10.3390/su131910667
Morosini, P., & Steger, U. (2003). Managing Complex Mergers: Real World Lessons In Implementing Successful Cross-cultural Mergers & Acquisitions. Financial Times/ Prentice Hall.
Ozerova, O., Lytvynenko, S., Sushchenko, R., Ovchar, P., Lavrushchenko, Y. (2022). Factors influencing the modelling of transport flow dynamics in cities. Comptes Rendus de L'Academie Bulgare des Sciencesthis link is disabled, 75(2), 259–265 https://doi.org/10.7546/CRABS.2022.02.11
Pasha, J., Dulebenets, M.A., Kavoosi, M., Abioye, O.F., Theophilus, O., Wang, H., ..., Guo, W. (2020). Holistic tactical-level planning in liner shipping: an exact optimization approach. Journal of Shipping and Trade, 5, 1-35. https://doi.org/10.1186/s41072-020-00060-4
Primachev, N., & Frasinyuk. T. (2019). Ukraine: an Example of Limits of Balance and Asymmetric Reaction in the Maritime Trade Market. Electronic Scientific Journal Przegląd Wschodnioeuropejski. X/1,153-161.
Qu, W., Rezaei, J., Maknoon, Y., & Tavasszy, L. (2019). Hinterland freight transportation replanning model under the framework of synchromodality. Transportation Research Part E: Logistics and Transportation Review, 131, 308-328. https://doi.org/10.1016/j.tre.2019.09.014
Tan, Z., Wang, Y., Meng, Q., & Liu Z. (2018) Joint ship schedule design and sailing speed optimization for a single inland shipping service with uncertain dam transit time. Transportation Science, 52, 1570-1588. https://doi.org/10.1287/trsc.2017.0808
UNCTAD. (2021a). Review of Maritime Transport 2021. Retrieved from URL: https://unctad.org/system/files/official-document/rmt2021_en_0.pdf14.
UNCTAD. (2021b). Trade and Development Report 2021. Retrieved from URL: https://unctad.org/system/files/official-document/tdr2021_en.pdf
UNCTAD. (2022a). Review of Maritime Transport 2022. Retrieved from URL: https://unctad.org/system/files/official-document/rmt2022_en.pdf
UNCTAD. (2022b). Trade and Development Report 2022. Retrieved from URL: https://unctad.org/system/files/official-document/tdr2022_en.pdf
Wagner, N., & Wiśnicki, B. (2022). The importance of emerging technologies to the increasing of corporate sustainability in shipping companies. Sustainability, 14(19), 12475. https://doi.org/10.3390/su141912475
Wang, L., Zhang, N., Ye, F., Lau, Y., & Ducruet, C. (2020). The Complex network analysis of liner shipping networks: lessons from the merger between COSCO and CSCL. Growth and Change, 51 (4). https://doi.org/10.1111/grow.12428
Yuen, K. F., Wang, X., Wong, Y. D., & Zhou, Q. (2017). Antecedents and outcomes of sustainable shipping practices: The integration of stakeholder and behavioural theories. Transportation Research Part E: Logistics and Transportation Review, 108, 18–35. https://doi.org/10.1016/j.tre.2017.10.002
Zaderei, A. (2020) Ensuring the Sustainability of the Human Resources Management System of Maritime Industry Enterprises. Access to Science, Business, Innovation in Digital Economy. 1(2), 146-156. https://doi.org/10.46656/access.2020.1.2(6)
Zhykharieva, V., Liudmyla Shyriaieva, L., & Vlasenko, O. (2019). Current trends of protectionism in shipping industry. Transport Problems, 14, 89-100. https://doi.org/10.20858/tp.2019.14.2.8
Published
2023-06-30
How to Cite
(1)
Prymachova, N.; Kolegayev, I.; Lypynska, O.; Mezina, L. Integration Strategies for Sustainable Positioning of Shipping Companies in the Maritime Trade Market System. Economics Ecology Socium 2023, 7, 79-88.