Smart Port Management and Strategy

Author(s): Nam-Kyu Park

DOI: 10.2174/9789815050417122010009

Economic and Financial Analysis of Smart Port

Pp: 147-158 (12)

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Abstract

SHS investigation development is considered from the geographical and historical viewpoint. 3 stages are described. Within Stage 1 the work was carried out in the Department of the Institute of Chemical Physics in Chernogolovka where the scientific discovery had been made. At Stage 2 the interest to SHS arose in different cities and towns of the former USSR. Within Stage 3 SHS entered the international scene. Now SHS processes and products are being studied in more than 50 countries.

Abstract

 Economic and Financial analysis can be done from two perspectives. The first point of view is that of the public sector, that is, the central government or the Port Authority. The second view is the terminal operation company (TOC). This chapter deals with whether the smart terminal has economic and financial feasibility in two respects. It is important to have economic and financial feasibility under what conditions from two perspectives. The process of economic analysis from the public point of view and the process of financial analysis from the private sector are different. As a result of economic analysis from the perspective of the public sector, the volume at the break-even is from about 570,000TEU of the five berths to 600,000TEU of two berths with a 2.96% discount ratio. As a result of financial analysis from the perspective of the private sector, the volume at the break-even is from about 603,000TEU of the five berths to 633,000TEU of two berths with a 4.5% discount ratio

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