Wenming (Wendy) Shi

UTAS Home Dr Wenming (Wendy) Shi

Wenming (Wendy) Shi

Maritime and Logistics Management (MLM)
National Centre for Ports and Shipping

Room F96 , Swanson Building

+61 3 6324 9672 (phone)

  • Lecturer; Australian Maritime College, University of Tasmania; 08/2016-Present
  • Associate Professor; Chung-Ang University, Seoul, South Korea; 03/2016-08/2016
  • Assistant Professor; Chung-Ang University, Seoul, South Korea; 04/2014-02/2016

General Responsibilities

Teaching and research

Career summary


  • PhD (2013) 'Forward freight agreements and their application to the tanker freight market', Shanghai Jiao Tong University, China

Languages (other than English)

  • Mandarin


Committee associations

  • Administrative Editor of the Journal:  Maritime Policy & Management


Statistics, Economics, Transport and Logistics Economics, Logistics Management, Maritime Economics

Teaching expertise

  • Maritime Economics
  • Logistics Management
  • Sea Freight Transport

Teaching responsibility

View more on Dr Wenming Shi in WARP


  • Economic modelling in maritime transport
  • Port development and its economic implications
  • Shipping finance
  • Shipping risk management

Research Themes

Marine, Antarctic and Maritime

Fields of Research

  • Transport economics (380117)
  • Road transportation and freight services (350908)
  • Transportation, logistics and supply chains (350999)
  • Maritime transportation and freight services (350904)
  • Finance (350202)
  • Logistics (350903)
  • Applied economics (380199)
  • Tourism economics (380116)
  • Other commerce, management, tourism and services (359999)
  • Infrastructure engineering and asset management (400508)
  • Tourism forecasting (350802)
  • Econometric and statistical methods (380202)

Research Objectives

  • Logistics (140107)
  • Coastal sea freight transport (270402)
  • International sea freight transport (excl. live animals, food products and liquefied gas) (270405)
  • Port infrastructure and management (270409)
  • Economic issues in tourism (110401)
  • Monetary policy (150208)
  • Management of greenhouse gas emissions from transport activities (190311)
  • Multimodal transport (279902)
  • Demography (150202)
  • Industry policy (150505)
  • Energy transmission and distribution (excl. hydrogen) (170306)


Total publications


Journal Article

(36 outputs)
2021Hasan KR, Zhang W, Shi W, 'Barriers to intermodal freight diversion: a total logistics cost approach', Maritime Economics and Logistics pp. 1-18. ISSN 1479-2931 (2021) [Refereed Article]

DOI: 10.1057/s41278-020-00182-3 [eCite] [Details]

Co-authors: Hasan KR; Zhang W


2021Shi W, Li KX, Zhu M, Zhang Q, Ge J, 'Carrier profitability influenced by large containerships', Research in Transportation Business and Management Article 100411. ISSN 2210-5395 (In Press) [Refereed Article]

DOI: 10.1016/j.rtbm.2019.100411 [eCite] [Details]

Citations: Scopus - 1


2021Wang L, Huang R, Shi W, Zhang C, 'Domino effect in marine accidents: Evidence from temporal association rules', Transport Policy, 103 pp. 236-244. ISSN 0967-070X (2021) [Refereed Article]

DOI: 10.1016/j.tranpol.2021.02.006 [eCite] [Details]


2021Yang F, Li K, Jin M, Shi W, 'Does financial deepening drive spatial heterogeneity of PM2.5 concentrations in China? New evidence from an eigenvector spatial filtering approach', Journal of Cleaner Production, 291 Article 125945. ISSN 0959-6526 (2021) [Refereed Article]

DOI: 10.1016/j.jclepro.2021.125945 [eCite] [Details]


2020Ge J, Shi W, Wang X, 'Policy agenda for sustainable intermodal transport in China: An application of the multiple streams framework', Sustainability, 12, (9) Article 3915. ISSN 2071-1050 (2020) [Refereed Article]

DOI: 10.3390/su12093915 [eCite] [Details]


2020Ge J, Wang X, Shi W, Wan Z, 'Investigating the practices, problems, and policies for port sea-rail intermodal transport in China', Transportation Research Record pp. 1-12. ISSN 0361-1981 (2020) [Refereed Article]

DOI: 10.1177/0361198120917670 [eCite] [Details]


2020Gong Y, Li KX, Chen SL, Shi W, 'Contagion risk between the shipping freight and stock markets: Evidence from the recent US-China trade war', Transportation Review. Part E: Logistics and Transportation Review Article 101900. ISSN 1366-5545 (2020) [Refereed Article]

DOI: 10.1016/j.tre.2020.101900 [eCite] [Details]

Citations: Scopus - 2Web of Science - 1

Co-authors: Chen SL


2020Jin M, Lin K-C, Shi W, Lee PTW, Li KX, 'Impacts of high-speed railways on economic growth and disparity in China', Transportation Research Part A: Policy and Practice, 138 pp. 158-171. ISSN 0965-8564 (2020) [Refereed Article]

DOI: 10.1016/j.tra.2020.05.013 [eCite] [Details]


2020Qi G, Shi W, Lin K-C, Yuen KF, Xiao Y, 'Spatial spillover effects of logistics infrastructure on regional development: evidence from China', Transportation Research. Part A: Policy and Practice, 135 pp. 96-114. ISSN 0965-8564 (2020) [Refereed Article]

DOI: 10.1016/j.tra.2020.02.022 [eCite] [Details]

Citations: Scopus - 6Web of Science - 3


2020Shi W, Lin K-C, McLaughlin H, Qi G, Jin M, 'Spatial distribution of job opportunities in China: evidence from the opening of the high-speed rail', Transportation Research. Part A, 133 pp. 138-147. ISSN 0965-8564 (2020) [Refereed Article]

DOI: 10.1016/j.tra.2020.01.006 [eCite] [Details]

Citations: Scopus - 7Web of Science - 4


2020Wang L, Peng C, Shi W, Zhu M, 'Carbon dioxide emissions from port container distribution: spatial characteristics and driving factors', Transportation Research. Part D: Transport and Environment, 82 Article 102318. ISSN 1361-9209 (2020) [Refereed Article]

DOI: 10.1016/j.trd.2020.102318 [eCite] [Details]

Citations: Scopus - 3Web of Science - 1


2020Wang X, Yuen KF, Shi W, Ma F, 'The determinants of passengers' safety behaviour on public transport', Journal of Transport & Health, 18 Article 100905. ISSN 2214-1405 (2020) [Refereed Article]

DOI: 10.1016/j.jth.2020.100905 [eCite] [Details]


2020Zhu M, Li KX, Lin K-C, Shi W, Yang J, 'How can shipowners comply with the 2020 global sulphur limit economically?', Transportation Research. Part D, 79 Article 102234. ISSN 1361-9209 (2020) [Refereed Article]

DOI: 10.1016/j.trd.2020.102234 [eCite] [Details]

Citations: Scopus - 8Web of Science - 5


2019Du Y, Meng Q, Shi W, 'Impact analysis of the traffic convoy system and toll pricing policy of the Suez Canal on the operations of a liner containership over a long-haul voyage', International Journal of Shipping and Transport Logistics, 11, (2/3) pp. 119-144. ISSN 1756-6517 (2019) [Refereed Article]

DOI: 10.1504/IJSTL.2019.099276 [eCite] [Details]

Co-authors: Du Y


2019Ge J, Zhu M, Sha M, Notteboom T, Shi W, et al., 'Towards 25,000 TEU vessels? A comparative economic analysis of ultra‑large containership sizes under diferent market and operational conditions', Maritime Economics & Logistics pp. 1-28. ISSN 1479-294X (2019) [Refereed Article]

DOI: 10.1057/s41278-019-00136-4 [eCite] [Details]

Citations: Scopus - 4Web of Science - 26

Co-authors: Ge J


2019Jin M, Bai X, Li KX, Shi W, 'Are we born equal: a study of intergenerational income mobility in China', Journal of Demographic Economics, 85 pp. 1-19. ISSN 2054-0892 (2019) [Refereed Article]

DOI: 10.1017/dem.2018.19 [eCite] [Details]


2019Jin M, Shi W, Lin K-C, Li KX, 'Marine piracy prediction and prevention: Policy implications', Marine Policy, 108 Article 103528. ISSN 0308-597X (2019) [Refereed Article]

DOI: 10.1016/j.marpol.2019.103528 [eCite] [Details]

Citations: Scopus - 4Web of Science - 2


2019Jin M, Shi W, Yuen KF, Xiao Y, Li KX, 'Oil tanker risks on the marine environment: an empirical study and policy implications', Marine Policy, 108 Article 103655. ISSN 0308-597X (2019) [Refereed Article]

DOI: 10.1016/j.marpol.2019.103655 [eCite] [Details]

Citations: Scopus - 6Web of Science - 5


2019Nguyen S, Chen PS-L, Du Y, Shi W, 'A quantitative risk analysis model with integrated deliberative Delphi platform for container shipping operational risks', Transportation Research Part E: Logistics and Transportation Review, 129 pp. 203-227. ISSN 1366-5545 (2019) [Refereed Article]

DOI: 10.1016/j.tre.2019.08.002 [eCite] [Details]

Citations: Scopus - 14Web of Science - 11

Co-authors: Nguyen S; Chen PS-L; Du Y


2019Shi W, Luo M, Jin M, Cheng SK, Li KX, 'Urban-rural income disparity and inbound tourism: spatial evidence from China', Tourism Economics pp. 1-17. ISSN 1354-8166 (2019) [Refereed Article]

DOI: 10.1177/1354816619872035 [eCite] [Details]

Citations: Web of Science - 1

Co-authors: Cheng SK


2018Li KX, Jin M, Qi G, Shi W, Ng AKY, 'Logistics as a driving force for development under the Belt and Road Initiative - the Chinese model for developing countries', Transport Reviews, 38, (4) pp. 457-478. ISSN 0144-1647 (2018) [Refereed Article]

DOI: 10.1080/01441647.2017.1365276 [eCite] [Details]

Citations: Scopus - 30Web of Science - 1


2018Li KX, Jin M, Shi W, 'Tourism as an important impetus to promoting economic growth: A critical review', Tourism Management Perspectives, 26 pp. 135-142. ISSN 2211-9736 (2018) [Refereed Article]

DOI: 10.1016/j.tmp.2017.10.002 [eCite] [Details]

Citations: Scopus - 50Web of Science - 46


2018Li KX, Jin M, Shi W, 'Diversification as an energy importing strategy for China under the Belt and Road Initiative', International Journal of Shipping and Transport Logistics, 10, (3) pp. 335-354. ISSN 1756-6517 (2018) [Refereed Article]

DOI: 10.1504/IJSTL.2018.10011320 [eCite] [Details]

Citations: Scopus - 4Web of Science - 2


2018Li KX, Park T-J, Lee PT-W, McLaughlin H, Shi W, 'Container transport network for sustainable development in South Korea', Sustainability, 10, (10) Article 3575. ISSN 2071-1050 (2018) [Refereed Article]

DOI: 10.3390/su10103575 [eCite] [Details]

Citations: Scopus - 5Web of Science - 5


2018Li KX, Xiao Y, Chen S-L, Zhang W, Du Y, et al., 'Dynamics and interdependencies among different shipping freight markets', Maritime Policy and Management, 45, (7) pp. 837-849. ISSN 0308-8839 (2018) [Refereed Article]

DOI: 10.1080/03088839.2018.1488187 [eCite] [Details]

Citations: Scopus - 5Web of Science - 1

Co-authors: Chen S-L; Zhang W; Du Y


2018Shi W, Wang G, Zhao X, Feng X, Wu J, 'Price determination in the electrolytic aluminum industry: the role of electricity prices', Resources Policy, 59 pp. 274-281. ISSN 0301-4207 (2018) [Refereed Article]

DOI: 10.1016/j.resourpol.2018.07.014 [eCite] [Details]

Citations: Scopus - 3Web of Science - 3


2018Shi W, Xiao Y, Chen Z, McLaughlin H, Li KX, 'Evolution of green shipping research: themes and methods', Maritime Policy and Management, 45, (7) pp. 863-876. ISSN 0308-8839 (2018) [Refereed Article]

DOI: 10.1080/03088839.2018.1489150 [eCite] [Details]

Citations: Scopus - 21Web of Science - 1


2017Shi W, Li KX, 'Themes and tools of maritime transport research during 2000-2014', Maritime Policy and Management, 44, (2) pp. 151-169. ISSN 1464-5254 (2017) [Refereed Article]

DOI: 10.1080/03088839.2016.1274833 [eCite] [Details]

Citations: Scopus - 51Web of Science - 49


2017Shi W, Li KX, 'Impact of unexpected events on inbound tourism demand modeling: evidence of Middle East Respiratory Syndrome outbreak in South Korea', Asia Pacific Journal of Tourism Research, 22, (3) pp. 344-356. ISSN 1094-1665 (2017) [Refereed Article]

DOI: 10.1080/10941665.2016.1250795 [eCite] [Details]

Citations: Scopus - 15Web of Science - 10


2017Shi W, Li KX, Yang Z, Wang G, 'Time-varying copula models in the shipping derivatives market', Empirical Economics, 53, (3) pp. 1039-1058. ISSN 0377-7332 (2017) [Refereed Article]

DOI: 10.1007/s00181-016-1146-9 [eCite] [Details]

Citations: Scopus - 10Web of Science - 8


2017Zhu M, Li KX, Shi W, Lam JSL, 'Incentive policy for reduction of emission from ships: a case study of China', Marine Policy, 86 pp. 253-258. ISSN 0308-597X (2017) [Refereed Article]

DOI: 10.1016/j.marpol.2017.09.026 [eCite] [Details]

Citations: Scopus - 6Web of Science - 5


2016Shi W, Bang H-S, Li KX, 'A cross-region analysis of the output elasticity of transport investment in China', Maritime Policy and Management, 43, (2) pp. 222-241. ISSN 0308-8839 (2016) [Refereed Article]

DOI: 10.1080/03088839.2015.1129673 [eCite] [Details]

Citations: Scopus - 7Web of Science - 7


2016Wu S, Li KX, Shi W, Yang Z, 'Influence of local government on port investment: implications of China's decentralized port governance system', Maritime Policy and Management, 43, (7) pp. 777-797. ISSN 0308-8839 (2016) [Refereed Article]

DOI: 10.1080/03088839.2016.1163431 [eCite] [Details]

Citations: Scopus - 25Web of Science - 24


2014Lee CB, Wan J, Shi W, Li K, 'A cross-country study of competitiveness of the shipping industry', Transport Policy, 35 pp. 366-376. ISSN 0967-070X (2014) [Refereed Article]

DOI: 10.1016/j.tranpol.2014.04.010 [eCite] [Details]

Citations: Scopus - 31Web of Science - 27


2014Li KX, Qi G, Shi W, Yang Z, Bang H-S, et al., 'Spillover effects and dynamic correlations between spot and forward tanker freight markets', Maritime Policy and Management, 41, (7) pp. 683-696. ISSN 0308-8839 (2014) [Refereed Article]

DOI: 10.1080/03088839.2014.958585 [eCite] [Details]

Citations: Scopus - 21Web of Science - 21


2013Shi W, Yang Z, Li KX, 'The impact of crude oil price on the tanker market', Maritime Policy and Management, 40, (4) pp. 309-322. ISSN 0308-8839 (2013) [Refereed Article]

DOI: 10.1080/03088839.2013.777981 [eCite] [Details]

Citations: Scopus - 19Web of Science - 19


Conference Publication

(4 outputs)
2020Hasan KR, Zhang W, Shi W, 'Barriers to intermodal freight diversion: a total logistics cost approach', Proceedings of the Annual Conference of the International Association of Maritime Economists (IAME) 2020, 10-13 June, Hong Kong, pp. 236. (2020) [Refereed Conference Paper]

[eCite] [Details]

Co-authors: Hasan KR; Zhang W

2017Li KX, Xiao Y, Shi W, 'A structured review of green shipping research (1987-2016)', Proceedings of the Annual Conference of the International Association of Maritime Economics (IAME) 2017, 27-30 June 2017, Kyoto, Japan, pp. 1-20. (2017) [Refereed Conference Paper]

[eCite] [Details]


2016Li KX, Park TJ, Lee PTW, Shi W, 'Korean Connectivity of Container Transportation with OBOR Initiative', Proceedings of the OBOR Conference 2016, 30 November-2 December, Melbourne, Australia, pp. 1-16. (2016) [Refereed Conference Paper]

[eCite] [Details]


2015Shi W, Li KX, 'External connectivity and its macroeconomic influence of a nation', Proceedings of the 2015 International Association of Maritime Economists (IAME) Conference, 24-26 August 2015, Kuala Lumpur, Malaysia, pp. 1-18. (2015) [Refereed Conference Paper]

[eCite] [Details]


Grants & Funding

Funding Summary

Number of grants


Total funding



Port development and sustainable economic growth in Australia (2020)$2,500
University of Tasmania ($2,500)
Administered By
University of Tasmania
Research Team
Shi W
Evaluating cybersecurity in the maritime industry (2019 - 2020)$28,636
According to UNCTAD (2016), around 80% of international trade is transported by sea. At the same time, increased communication in international trade is leading to cyber-attacks being considered as a crucial threat to maritime operations. A critical issue in the maritime industry is how to mitigate the negative impact from cyber-attacks and improve cybersecurity. This project aims to address cybersecurity in the maritime industry through three objectives: Obj1: Identify risk factors influencing cybersecurity in maritime operations Obj2: Evaluate the importance of the identified risk factors Obj3: Provide solutions to controlling the identified risk factorsObj1 will involve a literature review, validated by interviews. Obj2 will involve questionnaires targeted a shipping companies and the other at port authorities. FMEA with Fuzzy Rules Bayesian Network (FRBN) and Evidential Reasoning (ER) will be used for analysis. Obj3 will be involve a literature review and Brain Storming.
International Association of Maritime Universities ($28,636)
Administered By
Liverpool John Moores University
Research Team
Chang C; Shi W; Zhang Vera; Yang Z
2019 - 2020
Maritime connectivity and economic growth in Australia (2017)$4,391
Australias economy heavily relies on maritime transport for its exports and imports. Then, a critical concern for Australia is to support an efficient and safe maritime transport chain. Therefore, this project put emphasis on maritime connectivity between Australia and its main trade partners. This is because the improved maritime connectivity can significantly broaden its export markets and promote its economy.Funds redistributed from B0024827
University of Tasmania ($4,391)
Grant- Research Enhancement Program
Administered By
University of Tasmania
Research Team
Shi W

Research Supervision






PhDRisk Management in the Cruise Supply Chain2018
PhDMeasuring the Value at Risk of Freight Rates with Utilizing, Copula GARCH Method2018
PhDMaritime Supply Chain Network- Design and Optimisation2019
PhDApplying Smart Port Technologies and Internet of Things (IoT) in Australian Ports2020


PhDThe Analysis of Investment Theories and Application of Tobin-Q Model to Second-hand Dry Bulk and Tanker Ship Investments
Candidate: Sinem Celik Girgin