Strategic port management by consolidating container terminals

Container ports or terminal operators need operational efficiency and effective management to gain global market competitiveness, as world container ships continue to be larger, global shipping alliance reshuffles and becomes larger. This study investigated the effects of integrated operations of the existing separate container terminals using scenario analysis. The scenario analysis is attempted based on actual vessel arrival data on additional effects that Busan New Port can obtain from the use of a infrastructure pool by consolidating all five terminals. The results explain the benefits of terminal consolidation: the reduction of a vessel waiting time, balanced utilization across terminals at the port, and an increase of overall profits to the actors.