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, Sanchez Rodrigues, Vasco ORCID: https://orcid.org/0000-0003-3375-3079, Pettit, Stephen ORCID: https://orcid.org/0000-0001-7265-4079 and Haider, Jane ORCID: https://orcid.org/0000-0002-5550-1342 2019. Feasibility of the Northern Sea Route: The role of distance, fuel prices,ice breaking fees and ship size for the product tanker market. Transportation Research Part E: Logistics and Transportation Review 129 , 111 - 135. 10.1016/j.tre.2019.07.003

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Abstract

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.

Item Type:	Article
Date Type:	Publication
Status:	Published
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISSN:	1366-5545
Date of First Compliant Deposit:	11 September 2019
Date of Acceptance:	9 July 2019
Last Modified:	30 Nov 2024 18:07
URI:	https://orca.cardiff.ac.uk/id/eprint/124869

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