Impact of Macroeconomic Factors on Terminal Operators' Profit: Focusing on Global Terminal Operators
In the future, the global container handling market will be reorganized into larger ships and shipping alliances, and the bargaining power of shipping companies will be further strengthened. Therefore, the global terminal operator (GTO) which has a global network, vast experience, and operational know how, is expected to strengthen its competitiveness. In Korea, the central government promoted the development of GTOs in the mid 2000s, but it failed, mainly due to disagreements between port stakeholders. In this study, the macroeconomic indicators that have the same effect in all regions were used to analyze GTO management performance. In the short term, it could be used to establish the business strategy of domestic terminal operators based on changes in macroeconomic indicators. In the long term, it would be used to establish a promotion strategy for GTOs in Korea. The results of analyzing the impact of macroeconomic indicators on the GTO's profit show that the GTO's profit is significantly affected by cargo handling capacity, the consumer price index of the United States, the Shanghai Composite Index, the Crude Oil Price, and the London Inter bank Offered Rate (LIBOR) However, the scale of impact was not significantly different between public and private GTOs.