Ports can be considered clusters of economic activity (Tongzon, 2002). One of the facilities that is often found in ports is the production and distribution of oil products. The oil products that I will be taking into consideration in this assessment are: gasoline, diesel fuel, jet fuel, kerosene, liquefied petroleum gas, and fuel oils. This list represents refined oil products, not crude oil. The factors that are going to be presented in the methodology of this assessment are: quality innovation system, hinterland infrastructure, services to to hinterland markets, safety and security in port, intra-competition in port and efficiency. I have selected these factors because I think that they represent the selection points that an oil company would consider when considering a port. After the description of the factors in the methodology, the results will present the evaluation of the port of Rotterdam with regard to these factors.
Methodology
The first port selection criteria that I will be discussing is related to the quality innovation system of ports. Innovation represents a gateway for a competitive edge in many industries, including ports. In the paper entitled Governance in Seaport Clusters of de Langen (2004), it states that leader firms can influence the performance of the cluster of firms they belong to. Innovation in the field of oil products has rewarded the ones that have participated in the process more than the ones that have not (Enos, 1962). A way in which ports can help companies innovate is by attracting the resources that the refineries need. These might be: human resources, certain substances or manufacturers that have the possibility to invest in innovation. In my opinion ports could increase throughput...
... middle of paper ...
...Safety Science, 39(1), 19-29.
Innovation. (2012). Retrieved March 23, 2014 from:
http://annualreport.portofrotterdam.com/en/environment/innovation/1787
Olson, M. (1971). The Logic of Collective Action: public goods and the theory of groups, Cambridge, MA [etc.]: Harvard University Press
Port of Rotterdam Authority. (2013). Abridged Annual Report 2013. Retrieved from:
http://www.portofrotterdam.com/en/Port-authority/finance/annual-report/Documents/Abridged-Annual-Report-2013-Port-of-Rotterdam-Authority.pdf
Tongzon, J. (2002, November). Port choice determinants in a competitive environment. In Proceedings of Annual Conference and Meeting of the International Association of Maritime Economists-IAME, Panama.
Safety in the port. (2012). Retrieved March 23, 2014 from:
http://annualreport.portofrotterdam.com/en/harbour-master/safety-in-the-port/1763
assumes 100 per cent of the port risk and 58 per cent of the land-based pipeline risk?
Shipping goods through Detroit to the Port of Halifax provides the opportunity to use vacated industrial centers by repurposing these facilities for transshipment and manufacturing. Detroit as a transshipment hub provides a distribution system for goods to move to worldwide markets. Many manufacturers have failed due to a lack of an adequat...
Richard Manning Wrote the essay “The Oil We Eat – Following the Food Chain Back to Iraq” which was published in Harper’s Magazine February 2004 edition. In this essay, Manning discusses the evolution of agriculture and the consequences of it. Furthermore, Manning explores the relationship of fossil fuel, food calories and transfer of energy to illustrate earth’s prospective future. Through the use of charismatically presented factual arguments, visual powerful emotional narratives and the credibility of a few choice names, Manning creates an environment in his essay that allows flaws to escape otherwise unknown to majority reader.
Polletta, Francesca and James Jasper. “Collective Identity and Social Movements.” Annual Review of Sociology 27.1 (2001): 283–305. Print.
Somerville, John and Ronald E. Santoni. Social and Political Philosophy. New York: Anchor Books, 1963.
Morgan, Michael L., ed. Classics of Moral and Political Theory. 3rd Edition. Indianapolis. Hackett, 2001.
Sharing borders with major maritime routes, Sweden also has important seaports. Its rich maritime history also facilitated the development of the Swedish shipbuilding industry. Sweden has the second largest shipbuilding industry in the 1960s and 1970s until Japan outperformed and surpassed Sweden. Various factors contributed to the decli...
Morrison, K. (2006) Mark, Durkheim, Weber: Formations of Modern Social Thought. 2nd ed. London: SAGE.
Polletta, F., & Jasper, J. M. (2001). Collective identity and social movements. Annual review of Sociology, 283-305.
John Rawls, A Theory of Justice (revised edition, Oxford: Oxford University Press, 1999), p. 266.
Cahn, Steven M.. Political philosophy: the essential texts. 2nd ed. New York: Oxford University Press, 2011. Print.
finding new ways to drill for oil and also refine it more efficiently to ensure that
The article examines some of the influential theories in the domain of international trade including hyperglobalisation and comparative advantage. The publisher was keen to demonstrate how the theories need to be embraced since hyperglobalisation promotes investments flows from partners pursuing such trading agreements. The trading partners can still reduce their operation cost such as transportation while still navigating the complexities of hyperglobalisation. The author also endeavored to demystify the terminology of comparative advantage by issuing examples and previous concerns reported on the subject. It has been hailed that the traders often traded as per their factor endowments by concentrating on spheres of their specialty. The author also hinted to the readers that the theory of comparative advantage is a major concept since it is the first theory that economics students are briefed on. Arguments in support of the theory reveals that countries that have this level of visibility stand to benefit massively once they specialize in areas of their specialty. He purp...
The key strategic and operational issues present in this case are encapsulated in BP materiality matrix, which revolves around internal priorities and external concerns. The major issues confronting BP in the Gulf of Mexico following the Deep water Spill are environmental and economic restoration as well as contending with legal proceedings. One of the basic strategic issues BP had to face is posed by climate change and managing carbon risks and understanding that operating at the frontiers involves deep water and gas, oil seeds and hydraulic fractions. Operationally, BP had to embrace good corporate governance through Board / Executive control with oversight functions, establishing risk management strategies and financial sustainability. BP’s success was based on using Porter’s competitive force model and organizational design to achieve their strategic