Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market
This paper investigates the feasibility of the Northern Sea Route (NSR) using a speed optimisation model to minimise the required freight rate, by employing current data from a shipowner, supported by secondary data, conducting petroleum product transport on the NSR. The oil product tanker segment i...
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ftrepec:oai:RePEc:eee:transe:v:129:y:2019:i:c:p:111-135 2024-04-14T08:07:35+00:00 Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market Theocharis, Dimitrios Rodrigues, Vasco Sanchez Pettit, Stephen Haider, Jane http://www.sciencedirect.com/science/article/pii/S1366554519301644 unknown http://www.sciencedirect.com/science/article/pii/S1366554519301644 article ftrepec 2024-03-19T10:26:45Z This paper investigates the feasibility of the Northern Sea Route (NSR) using a speed optimisation model to minimise the required freight rate, by employing current data from a shipowner, supported by secondary data, conducting petroleum product transport on the NSR. The oil product tanker segment is used to assess route alternatives taking into account distance, ship size, ice breaking fees, fuel types and prices. Environmental policy elements are included in the cost analysis to account for low sulphur fuels from 2020, a prospective ban on the use of heavy fuel oil in the Arctic, and a possible global fuel tax. 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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unknown |
description |
This paper investigates the feasibility of the Northern Sea Route (NSR) using a speed optimisation model to minimise the required freight rate, by employing current data from a shipowner, supported by secondary data, conducting petroleum product transport on the NSR. The oil product tanker segment is used to assess route alternatives taking into account distance, ship size, ice breaking fees, fuel types and prices. Environmental policy elements are included in the cost analysis to account for low sulphur fuels from 2020, a prospective ban on the use of heavy fuel oil in the Arctic, and a possible global fuel tax. |
format |
Article in Journal/Newspaper |
author |
Theocharis, Dimitrios Rodrigues, Vasco Sanchez Pettit, Stephen Haider, Jane |
spellingShingle |
Theocharis, Dimitrios Rodrigues, Vasco Sanchez Pettit, Stephen Haider, Jane Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
author_facet |
Theocharis, Dimitrios Rodrigues, Vasco Sanchez Pettit, Stephen Haider, Jane |
author_sort |
Theocharis, Dimitrios |
title |
Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
title_short |
Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
title_full |
Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
title_fullStr |
Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
title_full_unstemmed |
Feasibility of the Northern Sea Route: The role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
title_sort |
feasibility of the northern sea route: the role of distance, fuel prices, ice breaking fees and ship size for the product tanker market |
url |
http://www.sciencedirect.com/science/article/pii/S1366554519301644 |
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/S1366554519301644 |
_version_ |
1796305000349040640 |