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Port Economics at MEL-Erasmus
MEL, together with the German Institute of Shipping Economics and Logistics (ISL) and another four international partners, was awarded a prestigious EU project on ‘Public Financing and Charging Practices of Seaports in the EU’. For MEL, this comes as a follow up to the EU ATENCO project (Analysis of the Cost Structures of the Main Trans-European Network Ports) where MEL have also had a leading role, chairing the International Group of Experts. Together with MEL’s work on Port Reform for the International Labour Organisation (ILO); its contribution to the European Commission’s Green Paper on Ports and Maritime Infrastructure; and a long series of scientific publications and consulting services in the area of Port Economics, MEL is becoming a ‘singular point of reference’ within Europe. The Port Economics section of MEL consists of Enzo Defilippi, Michele Acciaro, Frans Waals and Albert Veenstra. In the field of Port Economics, MEL maintains strong links with the Department of Decision and Information Sciences (EUR) and the Technical University of Delft.
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Philip Green Keynote Speaker at MEL 2004 Graduation
On Wednesday 27 October 2004, 48 students, representing 21 different nationalities, received their Master of Science degree in Maritime Economics and Logistics at Erasmus University Rotterdam. During the graduation ceremony, which was well attended by many foreign country representatives and executives of the maritime industry, Mr. Philip Green, CEO of Royal P&O Nedlloyd NV, addressed his keynote speech to the graduates. He stressed the importance of the ‘people factor’ in the (maritime) business in his speech entitled “The X-factor in Management Education”. He emphasized that “…leadership is not just about seniority or authority, nor is it the domain of a few senior managers. It is about providing direction certainly, but it is also about truly believing in what you want to achieve and how to go about it and inspiring others to share that belief and work with you”. The Degrees were conferred to the Graduates by Philip Green himself.
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Royal P&O Nedlloyd Prize for Best MEL Thesis
To solidify further the strong and long links between MEL and Royal P&O Nedlloyd, a five-year Memorandum of Understanding was signed at the 2004 Graduation by Philip Green and Hercules Haralambides. The MoU regards the award of the “Royal P&O Nedlloyd Best MEL Thesis Award”. The 2004 Award (given by Philip Green himself) went to Meng Shen (China) and Antonios Vogiatzis (Greece) for their thesis on “Portfolio risk management in shipping and optimal asset allocation”. The research was carried out at SSY in London (where Meng Shen has already been offered a job) and it will be published and distributed within the MEL-PONL networks early 2005. Well done Meng; well done Antoni!
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MEL Staff Lectures at Singapore Management University and National University of Singapore
In the summer, both Professor Haralambides and Mr. Ilmer lectured on Maritime Economics at SMU and NUS. The introduction of Maritime Economics in the two Universities emphasizes the growing importance of maritime education in Singapore. A total of 70 students followed their courses. The Maritime and Port Authority of Singapore (MPA) is championing the country’s efforts towards establishing itself as a leading International Maritime Center (IMC). In this context, MEL is offering two scholarships to Singaporean citizens, to follow the Erasmus MSc in Maritime Economics and Logistics (MEL).
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The NOL/APL Prize for Student Excellence
Since the inception of MEL, Neptune Orient Lines/American President Lines of Singapore is awarding the NOL/APL Prize for Student Excellence. The Inaugural (2001) Prize was awarded by Flemming Jacobs himself, then Group President and CEO (for the total list of recipients, see www.maritimeeconomics.com). The 2004 Prize, awarded by Eddy Wouters –Managing Director APL Benelux- went to Sabine Knapp (Austria) and Michele Acciaro (Italy). The MEL photo-finish registered them both at 8.3! Well done Sabine; well done Michele!
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MEL Delivers its fourth Management Trainee Program at NOL
The MEL-NOL cooperation continues strong for five years now. In July, the new batch of Management Trainees had two intensive weeks of classes on Shipping Management and Logistics and Supply Chain Management. Classes were given by Professor Haralambides and Mr. Ilmer (shipping management) and by Professor Dekker (Logistics and SCM). Since the inception of MEL, Neptune Orient Lines (NOL) awards the NOL Prize for Student Excellence. The company’s President and CEO, David Lim, will be speaking to MEL students in 2005 in the context of our Distinguished Lecture Series.
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New Book by Professor Rommert Dekker
Rommert’s new book “Reverse Logistics – Quantitative models for closed-loop supply chains” was published by Springer (www.springeronline.com/sgw/cda/frontpage/0,10735,5-40109-22-13863196-0,00.html). Reverse logistics concerns the integration of used and obsolete products back into the supply chain as valuable resources. Economic, marketing, and legislative drivers increasingly are leading companies to take back and recover their products after use. The arising product flows pose novel challenges for supply chain management. Professor Dekker is MEL Core Course professor in Logistics and Supply Chain Management and one of the main contributors to the MEL Management Science Course.
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New Director for the Econometric Institute
As of January 1st 2004, Professor Herman van Dijk has stepped down as Director of the Econometric Institute (www.few.eur.nl/few/research/ei/). He is succeeded by Professor Philip-Hans Franses. Professor Franses is Core Course Leader in the MEL course on Management Science. His latest book (2004) “Econometric Methods with Applications in Business and Economics” was published by Oxford University Press (www.oup.co.uk/isbn/0-19-926801-0).
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MEL organizes Liner Shipping Competition Workshop
In May, a liner shipping competition workshop was organized at Erasmus University in which MEL students presented their reports on deregulation in the liner industry. They were assisted by Ken Soerensen, Chief Executive of the European Liner Affairs Association (ELAA), and Ferdinand Kranenburg, Secretary General of the Dutch Shippers’ Council (EVO), who also presented their own perspectives on this issue. Matthew Beddow, Managing Editor of Containerisation International, acted as the moderator of the workshop, which was well attended by academics and shipping industry representatives.
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MEL Graduate Anastasios Karagiannis Contributes to Clarksons Publication
Anastasios Karagiannis, MEL 2004, did his summer internship at Clarkson Research Studies under the supervision of Dr. Martin Stopford. Tassos undertook an in-depth tanker market analysis with the purpose of highlighting developments and identifying investment opportunities in the tanker sector. He also contributed to the Clarksons publication “Tankers in Transition 2004”. In parallel, he wrote his thesis “MARPOL 73/78, Regulation 13G and Tanker Investment Assessment: Is Single Hull VLCC Good Value?”
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Sabine Knapp Presents her Thesis to Paris MoU on Port State Control
Ms. Sabine Knapp (Austria), MEL 2004, was invited to present the findings of her MEL thesis at the Paris MoU on Port State Control Advisory Meeting in Brussels on 28 September 2004. Sabine’s thesis, entitled: “Risk Improvement Possibilities for the Port State Control Target Factor” was supervised by Professor Philip-Hans Franses (Erasmus University), Mr. R.W.J. Schiferli (Paris MOU on PSC) and Mr. I. Snijders (Paris MOU on PSC). Together with Michele Acciaro (now with MEL), Sabine was awarded the prestigious NOL/APL Prize for student excellence.
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Seminar by Ben Vree of SMIT International
On January 30th 2004, Mr. Ben Vree, Chairman of the Executive Board of SMIT International, opened the MEL Distinguished Lecture Series with a presentation on the salvage industry. SMIT was established in 1842 and, with 516 vessels and 3,300 staff, is a world leader in port and coastal operations, salvage and ocean towage. One of its most prominent and well known projects was the lifting of the Nuclear Power Submarine Kursk.
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Seminar by Nick Fisher of APM Terminals Rotterdam
With ever increasing containership sizes, Nick Fisher, Managing Director of APMT Rotterdam and a staunch fan of MEL, lectured in a packed room on the hot issue of “Balancing Increasing Call Sizes and Terminal Productivity”.
In February 2004, APM Terminals moved its corporate headquarters from Copenhagen, Denmark, to the Hague, The Netherlands. APM Terminals is a leading global container terminal operator with container handling operations at over 35 terminals, generating an annual throughput of more than 22 million TEU. APM Terminals is part of the A.P. Moller - Maersk Group. The group employs over 60,000 people and has offices in more than 100 countries. Besides container terminals, the group is engaged in shipping and logistics, exploration for and production of oil and gas, shipbuilding, aviation, IT services, industrial production and retailing.
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The Green Award Foundation
The term ‘Quality Shipping’ was coined at Erasmus University with Professor Haralambides’ best seller “Quality Shipping: Market Mechanisms for Safer Shipping and Cleaner Oceans” (Erasmus Publishing, 1998. xxxviii + p.426. Available through MEL). A central theme in the book was the identification of economic incentives that could allow ‘quality shipping’ operations to pay off. Such an ‘incentives scheme’ is provided by the Green Award Foundation: an independent foundation established in 1994 at the initiative of the Port of Rotterdam and the Dutch Ministry of Transport. Hans de Goeij, Managing Director of the Foundation, propounded this theme further through his Lecture “Quality of Maritime Transport and Environmental Awareness, Does It Pay?”
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Drewry Shipping Consultants in Class
Drewry is a household name in Maritime Economics and Logistics and their publications constitute basic reading for every MEL student. In March, Neil Davidson, Drewry Senior Research Economist, talked to them. His subject: "Commercial Factors Influencing Container Terminal Capacity and Performance".
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Enzo Defilippi, Port Economist, Joins MEL
Enzo, a Peruvian national, has joined MEL as researcher and lecturer in Port Economics. He has studied both in Peru and the United States and has extensive experience in Economic Regulation in general, and port regulatory aspects in particular. Prior to joining MEL, Enzo was economist at the Peruvian Regulatory Authority (OSITRAN). Welcome onboard Enzo!
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Michele Acciaro Joins MEL
Michele Acciaro (Italy), finished MEL top of his class, recipient of the NOL/APL Prize for Student Excellence. He was thus offered a position within MEL as lecturer and researcher of Transport and Port Economics. His research is in the area of economic impact analysis of port investments. Welcome onboard Michele!
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Francesco Parola Joins MEL
In the first part of 2004, Francesco Parola (Italy) joined MEL as a visiting researcher. Francesco taught at the MEL Maritime Logistics Core Course and supervised MEL Theses. The port of Rotterdam environment gave Fransesco a first hand opportunity to further his research on the Strategies of Global Terminal Operators.
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Dr. Mike Fusillo returns to MEL
Mike Fusillo, Director, Journal of Commerce-PIERS, has been close to MEL for a number of years both for research and teaching purposes. Among others, he was a member of Professor Haralambides’ team that prepared what came to be known as the “Erasmus Report” on Liner Conferences, commissioned by the Competition Directorate of the European Commission. In 2004, Mike returned to MEL to present his econometric research on the determinants of capacity in liner shipping.
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Klaas Staal leaves MEL and Erasmus University
At long last! Klaas, MEL Statistics lecturer, is defending his PhD “Voting, Public Goods and Violence” on 13 January 2005. His PhD was supervised by Professor Sanjeev Goyal, EUR and University of Essex, UK. MEL allumni have dear memories of Klaas, being ‘always there’ to help out with statistics and Eviews! Klaas is leaving MEL/EUR for a prominent research position in Bonn, Germany. Many thanks for everything Klaas and congratulations!
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Ulco Bottema MEL Lecturer of the Year 2004
Mr. Ulco Bottema, Senior Commercial Executive at ECT and MEL adjunct faculty, has been named as MEL Lecturer of the Year 2004. Ulco received the highest score in the student evaluations for his contributions in the course of Maritime Logistics.
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Drs. Koen Berden Receives Teaching Award
Koen Berden has been awarded the "Lecturer of the Year 2002/2003 Award" of the Rotterdam School of Economics. The Award is a student-driven initiative that serves to reward lecturers for outstanding teaching qualities. Koen, a long-standing member of the MEL faculty, was also among the nominees in the previous two years.
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MEL participates in International Sports Day
On March 20, MEL students and staff participated in the 25th annual International Students Sports Day held in Enschede. In this one-day sports competition for international students studying in the Netherlands, MEL took part in indoor soccer, basketball, badminton, volleyball, chess and darts. MEL posted several strong finishes, including a second prize in indoor soccer. Overall, MEL finished 5th out of 9 participating institutions.
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MEL Students Attend TOC Europe - Barcelona
In June, MEL students attended the Terminal Operators Conference (TOC) Europe 2004, organized by Informa Maritime & Transport, in Barcelona, Spain. During the conference, MEL students wrote executive summaries of all conference sessions, a selection of which has been published at the official conference website. (www.ibcglobal.com/bonuspapers/lm1508). MEL students left a lasting impression on participants, most of them senior executives, for their professionalism, knowledge and competences. Professor H.E. Haralambides was member of TOC’s International Advisory Board.
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Enzo Defilippi Speaker at Port Finance Conference in London
In September, MEL’s port economist, Enzo Defilippi, read a paper on “Public Private Partnerships in Ports” at the 9th Annual Financing and Investing in Ports Conference. This well known event, organised by Euromoney, attracts port executives and academics from all over the world, on issues such as port investment and finance and risk management in port operations. Focus is often regional, on Asia, Africa, Latin America and the Baltic region.
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MEL Alumni News
Starting April 2004, Mr. Hongliang Wu (MEL 2003) has accepted a position with China Exim Bank in Beijing, as a specialist in shipping loans. Congratulations Derek!
In September 2004, Paul Grizell (Inaugural Class) has accepted a position as Business Development Manager for port and terminal tug services within Svitzer Wijsmuller. Congratulations Paul!
As per September 2004, Martin Hurtado Montagner (MEL 2003) has accepted a position as Finance and Administration Manager with LC Terminal Portuaria de Contenedores (LCTPC), a fast-expanding Mexican container terminal operator. Congratulations Martin!
In October 2004, Ms. Lina Selkou (MEL 2002) has published a book titled: “Globalisation, Policy and Shipping: Fordism, Post-Fordism and the European Union Maritime Sector”, co-authored by Professor Michael Roe. The book is based on Lina’s MEL Thesis “National Shipping Policies, Globalization and the EU Response”.
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