The newest article co-written by myself and my colleagues at Texas A&M University at Galveston just got published in Maritime Studies – https://doi.org/10.1007/s40152-019-00143-4
Svalbard, which I have written about several times since I started my PhD studies in 2005, is and island group that is located in the Arctic Ocean, and is administered by Norway through the 1920 Svalbard Treaty. Due to its strategic location, the increasing activities of oil/gas exploration development and the possibilities of new routes to and from Europe and Asia using the Arctic passage, Svalbard represent a new potential development area within a new efficient transport route. The aim of this paper was to investigate Svalbard’s port development strategy, exploring it in three steps: 1) what currently exists at Svalbard in terms of trade, traffic, infrastructure, and governance; 2) what are future plans; and 3) what are the possibilities.
We address these issues with the support of the OLI (ownership-location-internalization) paradigm that works as a framework analysis to four main drivers of FDI (foreign direct investment) attraction: resources, market, efficiencies, and location. This is done by our co-authors from the Department of Maritime Administration at Texas A&M, Cassia Bomer Galvao and Joan Mileski, with whom we published with for the first time with this publicaiton.
The findings indicate that the strategic plan for port development at Svalbard should emphasize their location to attract investment. Further research is required to address the institutional environment and other legal aspects.