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Summary Notes Port economics RMIMPM07
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Notes Port economics RMIMPM07
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By: diederikkraal • 2 year ago
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Port economics RMIMPM07Inhoud
Port economics ........................................................................................................................................ 1
Lesson 1 ............................................................................................................................................... 1
Lesson 2 ............................................................................................................................................. 17
Sheet .............................................................................................................................................. 18
Lesson 3 ............................................................................................................................................. 22
Competitiveness defined................................................................................................................... 22
Port visioning chapter 9.................................................................................................................... 32
Lesson 4 ............................................................................................................................................. 34
Port governance ............................................................................................................................ 39
Lesson 5 ................................................................................................. Error! Bookmark not defined.
Abbreviations
Abbreviation Meaning/full wording
PA Port authority
MV2 Maasvlakte 2
P&L Profit and loss
NPV Net Present Value
TO Terminal operator
BOT BuildOperateTransfer
BuCa Business Case
Lesson 1
Basic concepts
Free cash flow: Focus on value maximization.
- Limit total investment cost for phase 1
- Limit the total construction period for phase 1-> ensure earliest revenue generation
1
,You want to focus to increase your revenue over time. In the beginning it can be negative but you
want to have positive when you are longer in the business.
This model goes for every investment, big or small.
General principle
You need money to invest from shareholders or banks (Financial markets).
Sales market-> deliver your product
Operational expenditures-> your costs
2
,Figure 1 Business Model of general principle
Overview
• Ports are old institutions
• Usually ports are situated near city centres
• Port are in most cases administered by governments
• The state of the port and the location are in most cases not fit for the current volume
development. Therefore ports require infrastructure updates and expansions.
3
, • This course shall focus on port expansions to update old or to create new port assets
(example Maasvlakte II en Mombasa Kenia). This brings pressure for expanding due to lack of
“space”. Rotterdam moved to the sea. In Hamburg the terminals are more close to the city
centres which brings issues like emissions and noise.
• Privatising the port of Rotterdam this meant a change of vision. You want to make money
now since you are a company.
What does a port cost?
Main Port assets:
• Breakwater-> required but hard to get so hard to get
• Access channel (dredging also expensive)
• Turning circle (dredging)
• Port Basin
• Aids to navigation
• Support craft
• Main port gate
• Main road connection
• Main utilities connection
• Port community System (IT)
• Vessel Traffic Management System (IT)
Terminal
• Terminal gate
• Quay
• Paving
• Office and buildings
• Terminal operating System (IT)
• Equipment
o Quay cranes
o Yard equipment
4
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