The Northern Sea Route competitiveness for oil tankers
This article proposes a decision model for a ship-owner who contemplates the benefits of sailing north via the Northern Sea Route (NSR) or south via the Suez Canal Route (SCR) when transporting oil products from Russia to Asia. The decision is based on potential cost and transit time savings that ch...
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Online Access: | http://www.sciencedirect.com/science/article/pii/S0965856415302421 |
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ftrepec:oai:RePEc:eee:transa:v:94:y:2016:i:c:p:461-469 2024-04-14T08:07:47+00:00 The Northern Sea Route competitiveness for oil tankers Faury, Olivier Cariou, Pierre http://www.sciencedirect.com/science/article/pii/S0965856415302421 unknown http://www.sciencedirect.com/science/article/pii/S0965856415302421 article ftrepec 2024-03-19T10:36:20Z This article proposes a decision model for a ship-owner who contemplates the benefits of sailing north via the Northern Sea Route (NSR) or south via the Suez Canal Route (SCR) when transporting oil products from Russia to Asia. The decision is based on potential cost and transit time savings that change on a monthly basis according to sailing conditions and the area along the NSR. This study is applied to a 1A Ice-Class Panamax tanker vessel sailing through the NSR compared to a Panamax tanker vessel sailing through the SCR. It concludes that the NSR provides a competitive advantage in the months from August to November when conservative assumptions on ice conditions (higher bound) are considered for the level of ice thickness encountered along the route and from July to November when a lower bound is assumed. Bulk shipping; Arctic attractiveness; Northern Sea Route; Decision model; Article in Journal/Newspaper Arctic Northern Sea Route RePEc (Research Papers in Economics) Arctic |
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Open Polar |
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RePEc (Research Papers in Economics) |
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ftrepec |
language |
unknown |
description |
This article proposes a decision model for a ship-owner who contemplates the benefits of sailing north via the Northern Sea Route (NSR) or south via the Suez Canal Route (SCR) when transporting oil products from Russia to Asia. The decision is based on potential cost and transit time savings that change on a monthly basis according to sailing conditions and the area along the NSR. This study is applied to a 1A Ice-Class Panamax tanker vessel sailing through the NSR compared to a Panamax tanker vessel sailing through the SCR. It concludes that the NSR provides a competitive advantage in the months from August to November when conservative assumptions on ice conditions (higher bound) are considered for the level of ice thickness encountered along the route and from July to November when a lower bound is assumed. Bulk shipping; Arctic attractiveness; Northern Sea Route; Decision model; |
format |
Article in Journal/Newspaper |
author |
Faury, Olivier Cariou, Pierre |
spellingShingle |
Faury, Olivier Cariou, Pierre The Northern Sea Route competitiveness for oil tankers |
author_facet |
Faury, Olivier Cariou, Pierre |
author_sort |
Faury, Olivier |
title |
The Northern Sea Route competitiveness for oil tankers |
title_short |
The Northern Sea Route competitiveness for oil tankers |
title_full |
The Northern Sea Route competitiveness for oil tankers |
title_fullStr |
The Northern Sea Route competitiveness for oil tankers |
title_full_unstemmed |
The Northern Sea Route competitiveness for oil tankers |
title_sort |
northern sea route competitiveness for oil tankers |
url |
http://www.sciencedirect.com/science/article/pii/S0965856415302421 |
geographic |
Arctic |
geographic_facet |
Arctic |
genre |
Arctic Northern Sea Route |
genre_facet |
Arctic Northern Sea Route |
op_relation |
http://www.sciencedirect.com/science/article/pii/S0965856415302421 |
_version_ |
1796305185675411456 |