Chapter 13
Cargo Demand Forecasting
Because ports are primarily service providers for global maritime trade, they must provide infra- and superstructure for expected future services. All historic and modern port development was/is based on future demand expectations. This sounds trivial but means that port infra- and superstructure is based on cargo demand forecasts and expectations about future trade flows. Forecasting is the process of making predictions of the future based on past and present data, most commonly by analyzing trends.
A port’s physical infrastructure must exist before ships can be serviced, business can start, and revenues can be earned. Again, a simple time lag relation, but since decision making, design, planning, and construction ...
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