Performance of the Car Carrier Shipping Sector in the Iberian Peninsula under the COVID-19 Scenario

Abstract

The Iberian Peninsula represents the second European producer and the eighth world producer of vehicles in 2020. The pandemic of SARS-CoV2 introduced severe challenges for the worldwide population and for the industrial production and supply chains. The car carrier shipping sector has not been studied in depth in the Maritime Transportation and Port Logistics literature. This research pays special attention to the performance of this traffic in the Iberian Peninsula in the pre-pandemic era and under COVID-19 pandemic conditions, in which seven ports with car-carrier ship traffic in the Iberian Peninsula are analyzed. First, a dynamic portfolio analysis about how the COVID-19 pandemic affected the evolution of competitive positions of Iberian Peninsula ports is performed. Second, studies of the seasonality patterns of vehicle movements in ports of the Iberian Peninsula were carried out using time series of the periods from 2012 to 2019 and from 2012 to 2020. The Seasonal Variation Index (SVI) was employed to determine the seasonality of vehicle traffic in the periods considered and analyses were performed independently for both embarking and disembarking traffic. Important conclusions are revealed, e.g., during a year of COVID-19, the seven ports had decreased vehicle movements for disembarking traffic and only one port increased the traffic for embarking traffic. Furthermore, COVID-19 introduced important changes in the seasonality patterns of vehicle movements during the first months of the pandemic.