Abstract
Digital transformation has led to a new era of port development at an unprecedented pace. China represents a large percentage of total global trades, navigating the maritime silk-road to various global and regional ports. In Malaysia, the lack of concrete justifications for the issue of transhipment port strategy leads to a debatable framework. Hence, the aim of the paper is to critically discuss the strategy to build a transhipment port as a catalyst to achieving critical mass for economic growth in Sabah. The study draws heavily on existing literature on the theoretical evidence and the possible factors that shape strategy to build transshipment port in Sabah. Based on reviewed literature, various resultant strategies adopted to stand for their interest are discussed. In this way, this paper provides not only theoretical insights, but also strategically guides managers of organisations in Sabah, government, and businesses values towards building a transshipment port in Sabah to effectively retire cabotage policy to reduce cost, enhance port throughput, develop hinterland for critical mass, enhance ports-economic clusters connectivity, eliminate capacity bottleneck, unlock natural resources export potential, align port service towards regional port users’ needs and to give regional port powers a run for their money.
Highlights
1.1 Background of StudyThis paper conceptualizes a refined framework of variables by discovery approach
There are three levels of variables contained in the conceptual framework of the present study, which are the antecedent variables of transshipment port strategy, transaction cost as a mediating variable and advancement of business values as well as economic growth for transshipment port in Sabah as implication variable
Difficulties in justifying the availability, operational efficiency, port cost, service quality are due to gaps not covered in past research conducted on the strategy to build a transshipment port in Sabah
Summary
This paper conceptualizes a refined framework of variables by discovery approach. For research strategy, it employs qualitative approach for in-depth information and wider insight into the transshipment port strategy as a way of ensuring its prominence and efficacy. The benefits of forming a strategy to build a transshipment port in Sabah include growth in tourism within the region and will improve the reported revenue outlay in Malaysia (Lu, Lin, & Lee, 2010) Agricultural products, such as palm oil, can be exported to different economies across the globe (Kim, Kang, & Dinwoodie, 2016). The opportunity to form a strategy to build a transshipment port in Sabah includes the potential for capturing the highest economic value for its activities; this will enhance economic growth and development of Sabah (Sumner & Rudan, 2018; Jiang et al, 2014). The contributions from this research to establish a comprehensive background of this issue include a greater understanding of the logistical issues that can impact the development and implementation of a transshipment port towards realizing economic growth in both Sabah and Malaysia (SEDIA, 2016) understanding the role of technology and innovation in facilitating the development of the transshipment port (Chou, 2014; Antara News, 2018)
Sign-in/Register to view highlights & summary 
Published Version (
Free)
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call