The Role of Knowledge Management as an Innovative Strategy in Maritime Logistics Management

Maritime logistics is referred to as the process of planning, implementing, and managing the movement of goods and information which is involved in the ocean carriage. As a central component of global logistics systems, maritime operators such as shipping lines, port terminal operators and freight forwarders now have to perform both sea transport-related services and other related and wider logistical services, and to be well inter-linked with other players in the total logistics flow in an efficient and effective manner. This paper attempts to provide an understanding of the concepts of maritime logistics management and maritime logistics value, in order to clarify the strategic significance of maritime logistics value. In addition, the adoption of a knowledge management strategy as an innovative and effective business practice for the 21 century is explored for enhancing maritime logistics value since the knowledge-based benefits of such a strategy include higher operational efficiency and service effectiveness.