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Dr. Sotiris Theofanis
Dr. Maria Boilé
Publication Year
Publication Type

A Virtual Container Yard (VCY) is a mean of developing a shared resource information system to match empty equipment needs through the adoption of next generation internet and new technology information platforms. The project examines the feasibility of developing and operating a Virtual Container Yard to serve the freight and maritime community in the NY-NJ region. Definition of user requirements and potential business and institutional impediments in successfully establishing the system are identified. To support user requirements production and solutions, and to address potential impediments, literature dealing with local, US and International experience in applying web-based shared information systems is critically reviewed. Subsequently, the conceptual architecture, specifications and functionalities of the system are developed based on latest e-business collaborative solutions, systems and protocols. Special attention is given to systems security architecture to make the application robust and attractive to potential partners. Proprietary products either dealing directly with street-turn matching or with wide range matching applications are critically evaluated in view of the developed user requirements. An analytical formulation and simulation model developed to evaluate the potential benefits of a VCY under different market conditions is presented. Financial and economic evaluation, potential funding alternatives and investment recovery strategies to ensure successful development and long term viability of systems’ operation, are presented. Systems governance structure and potential partnership is proposed to serve the purpose of long-term sustainability of the system. Finally, a staged application timeline and implementation plan is produced, to cater for an intermediate pilot demonstration phase, necessary to draw experiences leading to proper full-scale application. The project provides for an integrated support product to enhance setting up a Virtual Container Yard system application in the NY-NJ region.