Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions
To address the decarbonization challenge, we consider a tramp ship routing problem with speed optimization where the availability of future cargoes is uncertain. We propose a two-stage stochastic programming model to solve it. The first stage of the model decides on the deterministic cargoes with th...
Published in: | Annals of Operations Research |
---|---|
Main Authors: | , , |
Format: | Article in Journal/Newspaper |
Language: | English |
Published: |
Springer
2022
|
Subjects: | |
Online Access: | https://hdl.handle.net/11250/3043373 https://doi.org/10.1007/s10479-022-04923-w |
id |
ftntnutrondheimi:oai:ntnuopen.ntnu.no:11250/3043373 |
---|---|
record_format |
openpolar |
spelling |
ftntnutrondheimi:oai:ntnuopen.ntnu.no:11250/3043373 2023-05-15T17:43:49+02:00 Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions Li, Mingyu Fagerholt, Kjetil Schütz, Peter 2022 application/pdf https://hdl.handle.net/11250/3043373 https://doi.org/10.1007/s10479-022-04923-w eng eng Springer Annals of Operations Research. 2022, . urn:issn:0254-5330 https://hdl.handle.net/11250/3043373 https://doi.org/10.1007/s10479-022-04923-w cristin:2041111 Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no CC-BY 25 Annals of Operations Research Peer reviewed Journal article 2022 ftntnutrondheimi https://doi.org/10.1007/s10479-022-04923-w 2023-01-18T23:43:11Z To address the decarbonization challenge, we consider a tramp ship routing problem with speed optimization where the availability of future cargoes is uncertain. We propose a two-stage stochastic programming model to solve it. The first stage of the model decides on the deterministic cargoes with the known availability, while the second stage decides on the detailed routing and scheduling plans with the available spot cargoes revealed. Since sailing speed heavily influences on the fuel consumption, and hence costs and emissions, we include the ships’ speeds along the different sailing legs as decision variables. The opening of the Northern Sea Route (NSR) provides a shorter alternative in connecting Asia and Europe, which may benefit the shipping industry in reducing CO2 emissions. We use our model to evaluate the impact of NSR on CO2 emissions in tramp shipping considering speed optimization and possible future carbon tax schemes, such as fixed and progressive carbon taxes. The computational results indicate that using the NSR improves the gross margins and reduces the CO2 emissions for tramp operators. publishedVersion Article in Journal/Newspaper Northern Sea Route NTNU Open Archive (Norwegian University of Science and Technology) Annals of Operations Research |
institution |
Open Polar |
collection |
NTNU Open Archive (Norwegian University of Science and Technology) |
op_collection_id |
ftntnutrondheimi |
language |
English |
description |
To address the decarbonization challenge, we consider a tramp ship routing problem with speed optimization where the availability of future cargoes is uncertain. We propose a two-stage stochastic programming model to solve it. The first stage of the model decides on the deterministic cargoes with the known availability, while the second stage decides on the detailed routing and scheduling plans with the available spot cargoes revealed. Since sailing speed heavily influences on the fuel consumption, and hence costs and emissions, we include the ships’ speeds along the different sailing legs as decision variables. The opening of the Northern Sea Route (NSR) provides a shorter alternative in connecting Asia and Europe, which may benefit the shipping industry in reducing CO2 emissions. We use our model to evaluate the impact of NSR on CO2 emissions in tramp shipping considering speed optimization and possible future carbon tax schemes, such as fixed and progressive carbon taxes. The computational results indicate that using the NSR improves the gross margins and reduces the CO2 emissions for tramp operators. publishedVersion |
format |
Article in Journal/Newspaper |
author |
Li, Mingyu Fagerholt, Kjetil Schütz, Peter |
spellingShingle |
Li, Mingyu Fagerholt, Kjetil Schütz, Peter Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
author_facet |
Li, Mingyu Fagerholt, Kjetil Schütz, Peter |
author_sort |
Li, Mingyu |
title |
Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
title_short |
Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
title_full |
Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
title_fullStr |
Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
title_full_unstemmed |
Stochastic tramp ship routing with speed optimization: Analyzing the impact of the Northern Sea Route on CO2 emissions |
title_sort |
stochastic tramp ship routing with speed optimization: analyzing the impact of the northern sea route on co2 emissions |
publisher |
Springer |
publishDate |
2022 |
url |
https://hdl.handle.net/11250/3043373 https://doi.org/10.1007/s10479-022-04923-w |
genre |
Northern Sea Route |
genre_facet |
Northern Sea Route |
op_source |
25 Annals of Operations Research |
op_relation |
Annals of Operations Research. 2022, . urn:issn:0254-5330 https://hdl.handle.net/11250/3043373 https://doi.org/10.1007/s10479-022-04923-w cristin:2041111 |
op_rights |
Navngivelse 4.0 Internasjonal http://creativecommons.org/licenses/by/4.0/deed.no |
op_rightsnorm |
CC-BY |
op_doi |
https://doi.org/10.1007/s10479-022-04923-w |
container_title |
Annals of Operations Research |
_version_ |
1766145976061394944 |