Table of contents
1. Introduction
2. Definitions
2.1. Financial crisis
2.2. Economical crisis
3. Relevance of the global economic and financial crisis for
seaports
4. Economic situation of the German seaports
4.1. Hamburg seaport
4.2. Bremerhaven seaport
5. Development and trends after the global economic and
financial crisis
6. Discussion and Conclusion
7. List of references
8. List of further literature
1. Introduction
The purpose of this literature review is to detect the state of knowledge about the influence of the global economic and financial crisis on the utilisation of the German seaports Hamburg and Bremerhaven. Firstly, the paper draws attention to the important definitions. The second part deals with the relevance of the crisis for the seaports. The economic situation of the ports before and during the recession will be examined in the following. The fourth part concentrates on the development and the trends after the crisis. Finally, a discussion is given to identify the main findings and to conclude the literature review.
Table of Contents
1. Introduction
2. Definitions
2.1. Financial crisis
2.2. Economical crisis
3. Relevance of the global economic and financial crisis for seaports
4. Economic situation of the German seaports
4.1. Hamburg seaport
4.2. Bremerhaven seaport
5. Development and trends after the global economic and financial crisis
6. Discussion and Conclusion
Objectives & Topics
The primary objective of this literature review is to analyze how the global economic and financial crisis influenced the operational performance and utilization of the German seaports in Hamburg and Bremerhaven. It seeks to establish the state of knowledge regarding the economic impacts of the 2008 recession on port logistics and throughput.
- Theoretical definitions of financial and economic crises
- Impact of the global recession on international trade and shipping
- Comparative analysis of Hamburg and Bremerhaven seaport performance
- Economic development trends and recovery patterns post-crisis
Auszug aus dem Buch
2.1. Financial crisis
One can not compare a financial crisis with another. Different types could be identified that occurred over the last three decades (Hill, 2009, p. 369). Hill named the foreign debt crisis, currency crisis and banking crisis (Hill, 2009, p. 369). Moreover, Johnson and Turner (2010, pp.418-419) added a fourth type: the systemic financial crisis. The first type, foreign debt crisis, is defined as “situations where a state cannot meet or service its foreign debt” (Johnson and Turner, 2010, p.419). Aizenman and Pinto (2005, p.548) argued that this type of crisis has been related to an event of default. Default can be explained as failure of the borrower to pay the whole amount of interests on the due date in accordance to the contract (Standard & Poor’s, 2002). The next type of crisis is the currency crisis. It can be “defined as a nominal exchange rate depreciation, which exceeds specific cutoff levels” (Karabulut, Bilgin and Danisoglu, 2010, p.52). The monitoring of the change “of the nominal bilateral exchange rate of the domestic currency” during a certain time is necessary to identify such crises (Falcetti and Tudela, 2008, p.203). This is particularly important because some crises can co-occur. 30 percent of modern banking crises go hand in hand with currency crises (Boyd, Sungkyu and Smith, 2005, p.978).
Summary of Chapters
1. Introduction: This chapter outlines the purpose of the literature review, which is to investigate the influence of the global economic crisis on the utilization of German seaports.
2. Definitions: This section provides theoretical definitions and distinctions between financial and economical crises as established in existing academic literature.
3. Relevance of the global economic and financial crisis for seaports: This chapter connects the global financial recession to the subsequent decline in international trade and the resulting impact on seaport cargo volumes.
4. Economic situation of the German seaports: This section details the operational status and handling figures of the Hamburg and Bremerhaven seaports before and during the crisis period.
4.1. Hamburg seaport: This sub-chapter focuses on the specific cargo performance, structural challenges, and throughput statistics of the port of Hamburg.
4.2. Bremerhaven seaport: This sub-chapter analyzes the throughput, automobile shipment statistics, and developmental challenges specific to the port of Bremerhaven.
5. Development and trends after the global economic and financial crisis: This chapter reviews recovery indicators and forward-looking trends, such as the increase in container ship sizes and terminal expansion.
6. Discussion and Conclusion: This final chapter synthesizes the research findings, confirming the correlation between world trade demand and seaport performance, while acknowledging the observed recovery in later years.
Keywords
Global financial crisis, German seaports, Hamburg, Bremerhaven, container throughput, shipping industry, economic recession, international trade, maritime logistics, port management, financial crisis, economic growth, terminal infrastructure.
Frequently Asked Questions
What is the core subject of this paper?
The paper focuses on examining the impact of the global financial and economic crisis of 2008 on the utilization and operational throughput of the German seaports in Hamburg and Bremerhaven.
What are the primary thematic areas covered?
The main themes include theoretical definitions of various crisis types, the global economic context of the 2008 recession, port-specific handling statistics, and post-crisis recovery trends.
What is the specific research goal?
The goal is to detect the state of knowledge regarding the influence of the global recession on the German port sector and to analyze how these specific hubs were affected by the downturn in global trade.
Which scientific methodology is employed?
The paper utilizes a literature review methodology, drawing on academic sources, industry reports, and statistical data to analyze trends and impacts.
What does the main body of the text cover?
The main body covers definitions of financial and economic crises, the relevance of these crises for global trade, detailed case studies of the ports of Hamburg and Bremerhaven, and analysis of trends following the crisis.
Which keywords best characterize this work?
Key terms include Global financial crisis, German seaports, Hamburg, Bremerhaven, maritime logistics, and terminal throughput.
How did the 2008 crisis specifically affect the port of Hamburg?
The crisis led to a significant decline in container throughput and bulk cargo handling, with 2009 showing a sharp reduction in volumes compared to previous growth years.
What role does automobile trading play in the port of Bremerhaven?
Automobile shipment is identified as a secondary mainstay of the port of Bremerhaven, and the crisis significantly impacted the number of cars handled due to the global economic contraction.
- Quote paper
- MSc International Business Management with Logistics Thomas Bauer (Author), 2012, Influence of the global economic and financial crisis on the utilisation of the German seaports Hamburg and Bremerhaven, Munich, GRIN Verlag, https://www.hausarbeiten.de/document/205713
