Concession and seaport performance

Ports have boosted socio-economic development worldwide. The close link between ports and the economic growth of developing areas is well established in literature (Notteboom 2007). The globalized trend of privatization has resulted into a radical change from service port model to landlord port model where port authority retains the port services and private operators own the assets conforming to port superstructures and equipment required for services provision. Operations at port terminals globally in this era of concession through the provisions of super-structures and infrastructure have resulted in increased efficiency performance and profitability of the port system.