Notes

Both cases guaranteed the existence of a unique Nash equilibrium in port prices. In the main, this study provided further insights into the shipping lines’ behaviour and

the characteristics of transshipment demand. Such insights can serve as useful information to the port operators when formulating their port pricing strategies. Moving forward, this study can be explored with a non-linear demand function which amplifies the shipping lines’ behaviour towards transshipment benefits. Furthermore, the non-identical (or asymmetric) shipping lines can also be taken into account. Some preliminary analysis showed that the general behaviour of non-identical shipping lines gives similar results to identical shipping lines. As it is the case, studying non-identical shipping lines is expected to be more practical.