Cruising the Mediterranean Sea: Market Structures and EU Policy Initiatives

Journal of Transport and Shipping, Vol 2, 2004

14 Pages Posted: 22 Feb 2006

See all articles by Athanasios A. Pallis

Athanasios A. Pallis

University of the Aegean - Department of Shipping, Trade and Transport

Maria B Lekakou

University of the Aegean - Department of Shipping, Trade and Transport

Abstract

The paper analyses the structures of the cruise industry market in the Mediterranean region, and the impact of EU policy initiatives on Mediterranean cruise operators. This most dynamic market is experiencing a remarkable restructuring, involved increased demand and a consolidation trend that challenges the contestability of the market. This results in demands for port infrastructure adjustments. However, service providers do not perceive the absence of a comprehensive EU policy, either for the cruise industry or tourism, as a negative development. The 'maritime' element of cruising has led to an interest for global rules. Still, market opportunities and threats have led to an explicit interest in a two-fold EU policy strategy. First, the evolution of initiatives aiming in lowering vessels registration costs. Second, a strategy with reference to the 'tourism' element, enhancing the dynamics of the market. Such demands have implied a restructuring of interests representation, both at national and EU level.

Keywords: Cruise Industry, market structures, EU policies

JEL Classification: L92, L50, F15

Suggested Citation

Pallis, Athanasios A. and Lekakou, Maria B, Cruising the Mediterranean Sea: Market Structures and EU Policy Initiatives. Journal of Transport and Shipping, Vol 2, 2004 , Available at SSRN: https://ssrn.com/abstract=882797

Athanasios A. Pallis (Contact Author)

University of the Aegean - Department of Shipping, Trade and Transport ( email )

Korai Building
Chios 82100
Greece

HOME PAGE: http://www.stt.aegean.gr/pallisEn.asp

Maria B Lekakou

University of the Aegean - Department of Shipping, Trade and Transport ( email )

Korai Building
Chios 82100
Greece

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