+7 495 989 9610, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»






Economic Analysis: Theory and Practice

Developing and testing a methodology to assess the economic sustainability of a seaport operator

Vol. 20, Iss. 5, MAY 2021

PDF  Article PDF Version

Received: 8 April 2021

Received in revised form: 20 April 2021

Accepted: 30 April 2021

Available online: 28 May 2021


JEL Classification: L9

Pages: 924–958


Ol'ga N. BABURINA Admiral Ushakov Maritime State University (AUMSU), Novorossiysk, Russian Federation


El'dar A. SADYKOV Admiral Ushakov Maritime State University (AUMSU), Novorossiysk, Russian Federation


Subject. The article addresses the problem of economic sustainability of seaport operators.
Objectives. The purpose is to develop and test a methodology for assessing the economic sustainability of a seaport operator.
Methods. The study draws on methods of systems, structural, functional, positive, normative, comparative, and statistical analysis, the weights method, pairwise comparison, expert assessment, etc.
Results. We developed a five-stage algorithm for integrated assessment of economic sustainability of a port operator based on the main functional components, i.e. production, resource-and-technology, investment, finance, and business sustainability. We tested our methodology, using the case of AO Novoroslesexport, the leading stevedore of the Azov-Black Sea Basin. The methodology can be used for port operators of other sea basins; its results may be helpful for company management, shareholders, banks, service consumers, seaport authorities, regional authorities, and other interested parties.
Conclusions. Our methodology may become an effective tool to manage a port operator and determine its intra- and inter-port competitive ability. It enables to track threats affecting the economic stability and take timely action to eliminate them. It creates information base for making management decisions and strategic plans for a stevedoring company.

Keywords: seaport, seaport operator, stevedoring company, economic sustainability


  1. Baburina O.N., Kondrat'ev S.I. [Sea ports of the world and Russia: Turnover dynamics and development prospects]. Transportnoe delo Rossii = Transport Business of Russia, 2016, no. 6, pp. 141–144. URL: Link (In Russ.)
  2. Baburina O.N. [Development of Russia's maritime transport in the conditions of globalization, and the role of State authorities]. Transport Rossiiskoi Federatsii = Transport of the Russian Federation, 2013, no. 2, pp. 20–23. URL: Link (In Russ.)
  3. Baburina O.N., Kondrat'ev S.I. [Maritime transportation: Trends of development in world and Russian economies]. Transportnoe delo Rossii = Transport Business of Russia, 2016, no. 5, pp. 112–116. URL: Link (In Russ.)
  4. Munim Z.H., Schramm H. The Impacts of Port Infrastructure and Logistics Performance on Economic Growth: The Mediating Role of Seaborne Trade. Journal of Shipping and Trade, 2018, vol. 3, iss. 1, pp. 1–19. URL: Link
  5. Baburina O.N., Kuznetsova G.V. [Prospects for digitalization of international sea transportation]. Morskie intellektual'nye tekhnologii = Marine Intellectual Technologies, 2020, no. 4-4. (In Russ.) URL: Link
  6. Notteboom T.E., Haralambides H.E. Port Management and Governance in a post-COVID-19 Era: Quo Vadis? Maritime Economics & Logistics, 2020, vol. 22, pp. 329–352. URL: Link
  7. Kuz'micheva V.V. [Economic stability of industrial enterprises: Essence and methods of evaluation]. Vestnik Ivanovskogo gosudarstvennogo universiteta. Ser.: Ekonomika = Ivanovo State University Bulletin. Series Economics, 2017, no. 1, pp. 78–84. URL: Link (In Russ.)
  8. Leibert T.B. [Economic sustainability of industrial enterprise: Essence, substance, and factors]. Ekonomika i effektivnost' organizatsii proizvodstva = Economy and Efficiency of Production Organization, 2010, no. 13, pp. 203–206. URL: Link (In Russ.)
  9. Savitskaya Zh.S. [Economic stability of industrial enterprises: Conception and basic indicators]. Izvestiya Sankt-Peterburgskogo gosudarstvennogo ekonomicheskogo universiteta = Bulletin of Saint-Petersburg State University of Economics, 2017, no. 1-2, pp. 155–159. URL: Link (In Russ.)
  10. Topoleva T.N. [Study of the principles and factors of stable development of the industrial enterprise]. Vestnik NGIEI = Bulletin NGIEI, 2018, no. 6, pp. 85–96. URL: Link (In Russ.)
  11. Bogdanova T.V., Rusinov R.V. [The economic sustainability of road freight transport organizations and methods to define it]. Innovatsii i investitsii = Innovation and Investment, 2013, no. 5, pp. 141–145. URL: Link (In Russ.)
  12. Kozhevnikov R.A., Glyva A.V. [Assessment of the economic sustainability of the freight transport company]. ETAP: ekonomicheskaya teoriya, analiz, praktika = ETAP: Economic Theory, Analysis, and Practice, 2019, no. 1, pp. 126–133. URL: Link (In Russ.)
  13. Bodrovtseva N.Yu. [Systematization of assessment factors and indicators of the seaports competitiveness]. Transportnoe delo Rossii = Transport Business of Russia, 2017, no. 2, pp. 105–109. URL: Link (In Russ.)
  14. Bodrovtseva N.Yu. [Term and kinds of the seaports competitiveness]. Transportnoe delo Rossii = Transport Business of Russia, 2016, no. 5, pp. 31–32. URL: Link (In Russ.)
  15. Zaostrovskikh E.A. [Assessment of the seaport impact on the economic growth of the region: Methods and problems]. Regional'nye problemy = Regional Problems, 2017, vol. 20, no. 2, pp. 65–72. URL: Link (In Russ.)
  16. Marchenko N.S., Convisarova E.V. [Peculiarities of diagnostics of the level of economic safety of marine ports]. Azimut nauchnykh issledovanii: ekonomika i upravlenie = ASR: Economics and Management, 2018, vol. 7, no. 2, pp. 229–233. URL: Link (In Russ.)
  17. Yurchenko A.Yu. [Historical foundations for the emergence and development of economic theories of economic sustainability of enterprises]. Aktual'nye nauchnye issledovaniya v sovremennom mire = Actual Scientific Research in the Modern World, 2017, no. 8-1, pp. 119–123. (In Russ.)
  18. Baranova V.E., Nikolaeva E.F. [The company's economic sustainability]. Academy, 2018, no. 10, pp. 18–24. URL: Link (In Russ.)
  19. Dem'yanova O.V., Ishkova E.I. [Specifics of building a strategy for sustainable development of enterprises under current crisis]. Finansy i kredit = Finance and Credit, 2017, vol. 23, iss. 6, pp. 310–319. (In Russ.) URL: Link
  20. Berdina M.Yu., Torosyan E.K. [Maritime transport in international business operations]. Sovremennye problemy nauki i obrazovaniya, 2015, no. 1-1. (In Russ.) URL: Link
  21. Ablaev I.M., Minnebaeva L.F. [Financial stability of an enterprise and its evaluation criteria]. Kazanskii ekonomicheskii vestnik = Kazan Economic Vestnik, 2017, no. 2, pp. 40–46. URL: Link (In Russ.)
  22. Ashrafi M., Walker T.R., Magnan G.M. et al. A review of corporate sustainability drivers in maritime ports: A multi-stakeholder perspective. Maritime Policy & Management, 2020, vol. 47, iss. 8, pp. 1027–1044. URL: Link
  23. Duru O., Galvao C.B., Mileski J. et al. Developing a Comprehensive Approach to Port Performance Assessment. The Asian Journal of Shipping and Logistics, 2020, vol. 36, iss. 4, pp. 169–180. URL: Link
  24. Hlali A., Hammami S. Seaport Concept and Services Characteristics: Theoretical Test. The Open Transportation Journal, 2017, vol. 11, pp. 120–129. URL: Link
  25. Konyashova A.V. [Indicators for assessment of the functional components of the economic sustainability of the development of the enterprise]. Vestnik Chelyabinskogo gosudarstvennogo universiteta = Bulletin of Chelyabinsk State University, 2013, no. 8, pp. 123–128. URL: Link (In Russ.)
  26. Sadykov E.A. [Industrial sustainability of port operators in the Azov-Black sea basin]. Regional'naya ekonomika i upravlenie, 2021, no. 1. (In Russ.) URL: Link
  27. Afonichkin A.I., Zhurova L.I. [Assessment model of economic sustainability of the enterprises]. Fundamental'nye issledovaniya = Fundamental Research, 2015, no. 10-1, pp. 131–136. URL: Link (In Russ.)
  28. Vasil'eva L.V. [Analysis of methodical approaches to the development of integral economic indicators]. Ekonomicheskie issledovaniya i razrabotki = Economic Development Research Journal, 2017, no. 12, pp. 65–72. URL: Link (In Russ.)
  29. Spiridonov S.B., Bulatova I.G., Postnikov V.M. [Analysis of approaches to the choice of weighting criteria method of pair comparison of criteria]. Naukovedenie, 2017, vol. 9, no. 6. (In Russ.) URL: Link
  30. Sadykov E.A. [Role and problems of marine port operators in realizing Russia's foreign trade potential]. Transportnoe delo Rossii = Transport Business of Russia, 2020, no. 6, pp. 32–37. (In Russ.)

View all articles of issue


ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 20, Iss. 5
May 2021