Changing Maritime Shipping Patterns between Asian Countries in the Asian-Pacific Economic Cooperation Agreement and the United States: Is There a Role for Short Sea Shipping on the Korean Peninsula?

Abstract

East Asia's emergence as the forthcoming center of global manufacturing is leading nations in the region to reconsider their current and future role in the world economy. For its part, the Republic of Korea is pursuing a strategy to transform the country into the business hub of Northeast Asia. A central aspect in this strategy is the development of a regional “Pentaport” in the city of lncheon, which will consist of five components: an airport, a seaport, a business port, a technoport, and a leisure port. Hopefully, the Port of lncheon will be able to specialize in moving both coastal cargoes and transshipment cargoes to and from China and Japan using Short Sea Shipping (SSS). The first section of this paper provides an analysis of recent trade patterns between the Asian countries of the Asian-Pacific Economic Cooperation (APEC) agreement and the United States, with an emphasis on the Republic of Korea. The second part of the paper discusses current intermodal coastal shipping practices in the United States along the Gulf of Mexico and offers suggestions to the developers of Korea s Pentaport initiative; based upon observations in the United States, to maximize the likelihood of their success.

Citation

Bomba, M.S. and Harrison, R. (2004), "Changing Maritime Shipping Patterns between Asian Countries in the Asian-Pacific Economic Cooperation Agreement and the United States: Is There a Role for Short Sea Shipping on the Korean Peninsula?", Journal of International Logistics and Trade, Vol. 2 No. 2, pp. 61-82. https://doi.org/10.24006/jilt.2004.2.2.61