Port Economics

Port economics refers to the study of the economic factors and principles that govern the operations and management of ports. It involves understanding how ports facilitate trade by connecting land and sea transport, their role in global supply chains, and their impact on local economies. Key elements include the logistics of cargo handling, the costs of shipping, port competition, and investment in infrastructure. Efficient port operations can reduce shipping times and costs, benefiting businesses and consumers alike, while also contributing to regional development and job creation.