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Approaches of the profitability of Arctic shipping in the literature 1

Theocharis, Dimitrios 2019. Approaches of the profitability of Arctic shipping in the literature 1. Lasserre, Frederic and Faury, Olivier, eds. Arctic Shipping: Climate Change, Commercial Traffic and Port Development, Abingdon and New York: Routledge, pp. 23-39.

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A significant share also analyze costs based on a single transit, which is consistent with the ad hoc service that is taking shape along the Northern Sea Route, but that does not picture adequately a possible regular service that could be set up during a whole shipping season for instance, and that would imply a loop service. The Arctic area is not considered profitable for container shipping during the winter time, thus the model works with a six-month sailing season. The different starting point thus accounts for a competitive advantage for the Arctic route in this scenario: a shorter route that enables the ship to make more rotations and a better fuel consumption per trip. The literature readily underlines that Arctic routes, being shorter, could imply a significant cost advantage because of a reduced fuel consumption, stemming both from a shorter distance and from a reduced speed.

Item Type: Book Section
Date Type: Published Online
Status: Published
Schools: Business (Including Economics)
Publisher: Routledge
ISBN: 9781351037464
Date of First Compliant Deposit: 21 June 2022
Date of Acceptance: 27 November 2018
Last Modified: 16 Aug 2022 14:45

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