Latvian Maritime Cluster Competitiveness analysis

CLUSTERING IN MARITIMECluster is a merchant, research, education and other institutions networkthat:•operating in a specific region or economic sector or inter-relatedindustries;•uses related technology and a similar labor resources;•consists of legally independent companies that are competing witheach other, and at the same time implements mutual cooperationInterdisciplinary Collaboration → contributes significantly to competitivenessand innovation in the sector at the national level• Shinohara (2010), analysing Japan’s Maritime cluster, has concludedthat business networking, especially long-term relationship betweenfirms, and the long-term co-working spirit are vital for developmentof successful cluster in maritime sector.• Participants from private sector in maritime cluster are companiesoperating in shipping, shipbuilding, shipping equipment, marineequipment, freight forwarding, technical and maritime low services,financial services, investors, ports, stevedovie companies, fishing,dredging, inland shipping, yachting and navy (Morrissey andO’Donoghue 2013; Wijnolst et al. 2003).