TITLE:
The Impact of Privatization on Terminal Efficiency: A Case Study of Tema Port
AUTHORS:
Bernard Kwei Tetteh, Calvin Elorm Atsunyo, Alex Boateng
KEYWORDS:
Privatization, Terminal Efficiency, DEA, Tema Port
JOURNAL NAME:
Journal of Transportation Technologies,
Vol.14 No.3,
July
8,
2024
ABSTRACT: Port and terminal efficiency are of utmost importance to the container shipping industry due to their significance in enhancing the competitive advantage of ports within a region. Consequently, there have always been notable variations of studies around it. This paper analyzes the impact of privatization on terminal efficiency using the Port of Tema as a Case Study. The main objective of this paper is to analyze the efficiency trends of the public and private terminals in the port over the years. To achieve this objective, DEA-CCR methodology was employed to calculate the annual technical efficiency trends of the private and public terminals using four input variables and three output variables. The main results of the paper indicated that the public and private terminals were efficient for multiple years. However, the efficiency scores over the years demonstrated inconsistency, exhibiting notable fluctuations. The findings of this study will aid policymakers across the region on policies relating to the efficiency and ownership structure of ports and terminals.