We solve an important problem for the liner shipping industry called the Liner Shipping Fleet Repositioning Problem (LSFRP). The LSFRP poses a large financial burden on liner shipping firms. During repositioning, vessels are moved between services in a liner shipping network. Shippers wish to reposition vessels as cheaply as possible without disrupting the cargo flows of the network. The LSFRP ...

Literature has always looked at co-operation in the shipping industry with some benevolence, justifying agreements among operators with the fear that, due to huge fixed costs in the management of freight liners, fierce competition might result in monopolies and eventually jeopardise users’ benefits. Containerisation and standardisation of supply has strenghtened the arguments for co-operation i...

Current bankruptcy legislation in many countries tends to follow the US model of Chapter 11, whereby the courts have the authority to stay the contractual rights of the secured creditors. The alternative approach of freedom of contracting whereby the privately negotiated debt contract defines a contingency that the courts strictly implement in the event of financial distress, is largely ignored...

Considering the complication of shipping techniques, high mobility of cargoes and poor condition and uncertainty during the voyage, there are numerous risks in the transportation process. With the burgeoning of shipping volumes, the occurrence of accidents and disruptive events could bring huge losses. Despite of regulatory control such as the establishment of International Safety Management (I...