An utility-based decision support sustainability model in slow steaming maritime operations

Wong, Eugene Y.; Tai, Allen H.; Lau, Hon‐Shiang; Raman, Mardjuki

doi:10.1016/j.tre.2015.01.013

Cited by 36 publications

(22 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Still, others have analyzed environmental issues along the Israeli coastline, focusing on major polluting sources, like oil spills, that have an impact on natural ecosystems and economic resources [83,84].…”

Section: Review Of Environmental Sustainability Literature For Portsmentioning

confidence: 99%

Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations

2018

View full text Add to dashboard Cite

Abstract:In the last 30 years, environmental sustainability has been receiving increasing attention by scholars and operators. All the seaport stakeholders, including port authorities (PAs), policy-makers, port users, any port stakeholders, and local communities, must invest substantial resources to achieve high competitiveness with respect of the environment. Drawing from the extant regulations system and conducting a deep review of the main contributions on the phenomenon, this conceptual study suggests managerial accounting instruments and training, which are still under-researched, as effective measures for enforcing and encouraging green port development. This three-step study consists of a systematic review of the regulatory frameworks and literature on the phenomenon, and an outline of the gap of the legislative framework and research, from a management innovation perspective, where effective managerial practices for environmental sustainability are not successfully suggested and implemented within seaports. On the one hand, the Balanced Scorecard and Tableau de Bord are identified and proposed as managerial accounting instruments for assessing, monitoring, measuring, controlling, and reporting the organizational processes of port players, mainly PAs, for developing competitive green ports. On the other hand, training has been suggested to educate and guide the human resources at all organizational levels within seaports, for supporting and developing awareness and behavioral attitudes in the direction of environmental sustainability.

show abstract

Section: Review Of Environmental Sustainability Literature For Portsmentioning

confidence: 99%

Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations

2018

View full text Add to dashboard Cite

show abstract

“…Chang and Wang (2014) develop a speed optimization model that maximizes the carrier's profitability and minimizes its voyage CO 2 emissions under four scenarios: (i) high fuel prices and high charter rates; (ii) high fuel prices and low charter rates; (iii) low fuel prices and high charter rates; (iv) low fuel prices and low charter rates. Wong et al (2015), propose a multi-objective ship speed optimization methodology, which jointly optimizes a vessel's voyage cost, CO 2 emissions, and delays. Fagerholt et al (2015), propose a Mixed Integer Linear Programming Model (MILP), in order to determine the vessel's optimal slow steaming speed, that minimizes the vessel's fuel costs under the strict limits of emissions control areas (ECAs).…”

Section: Literature Review: a Critical Taxonomymentioning

confidence: 99%

The impact of slow steaming on the carriers’ and shippers’ costs: The case of a global logistics network

Mallidis

Iakovou

Dekker

et al. 2018

Transportation Research Part E: Logistics and Transportation Re

View full text Add to dashboard Cite

We propose an analytical modeling methodology for quantifying the impact of slow steaming on the carrier's voyage cost and on the shipper's total landed logistics costs. The developed methodology can be employed by a carrier and a shipper in their contract negotiations, in order for the two parties to determine how they could divide between them the savings resulted from slow steaming. We demonstrate that the impact of slow steaming and speed adjustment policies on the shippers' total landed logistics costs tend to increase as the vessel travels towards the end of its voyage.

show abstract

“…Along with load of ship, fuel prices themselves are a critical piece to the optimal speed puzzle as well. During the financial crisis of 2009 there was a sharp rise in slow steaming due to the high cost of bunker fuel (Wong et al, 2015). "Fuel prices are a very critical determinant of fuel costs, and, as such, of the speed chosen by the vessel.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Market conditions which include factors such as fuel prices and freight rates can also be compared versus a ships speed. In fact, "NYK Group investigated the cost-benefit analysis and emission reduction of slow steaming, indicating a slow steaming of reducing the speed of a vessel with 8,000 Twenty-foot Equivalent Unit (TEU) containers from 24 knots to 20 knots generates an overall 42% reduction of fuel consumption, fuel cost, and CO 2 emission" (Wong, Tai, Lau, & Raman, 2015).…”

Section: Literature Reviewmentioning

confidence: 99%

Beneficial Effects of Slow Steaming in Bulk Freight Markets

Boone

Laverne

Mileski

2017

RASI

View full text Add to dashboard Cite

ABSTRACT:Slow steaming has recently been adopted into normal practice by many maritime shipping companies for the fuel and monetary savings it offers. The practice also offers savings in Greenhouse Gas (GHG) emissions. With regulations coming into play such as the 2020 sulfur cap, slow steaming may be the least costly option for some maritime companies to adjust their operations. While some have accepted the new practice, there are still companies and vessels that see this exercise as a loss of revenue due to the extra time it takes to deliver goods to their destination. This paper reviews how rating ships by their GHG emissions per nautical mile can be directly related to factors other than slow steaming such as age, deadweight tonnage and cargo type. We propose that ships with poor ratings (E, F, G) should rely on slow steaming but may also improve their CO 2 output addressing the other factors. Those with superior ratings (A, B, C, D) may also benefit from the implementation of slow steaming, but may also gain from practices addressing age, tonnage and cargo type. Further we will also examine how lowering emissions can benefit maritime businesses both economically and environmentally. Finally this paper reviews possible chain reactions that may occur if these eco-friendly shipping practices are observed. KEYWORDS: slow steaming, greenhouse gases, vessels, ecological transport Redução de emissões no transporte além do vapor lento RESUMO:O vapor lento foi recentemente adotado na prática normal por muitas companhias marítimas para a economia de combustível e monetária que oferece. A prática também oferece economias em emissões de gases de efeito estufa (GEE). Com os regulamentos que entram em jogo, como o limite de enxofre de 2020, o vapor lento pode ser a opção menos dispendiosa para algumas empresas marítimas ajustar suas operações. Enquanto alguns aceitaram a nova prática, ainda existem empresas e embarcações que vêem esse exercício como uma perda de receita devido ao tempo extra que leva para entregar bens ao seu destino. Este artigo analisa como a classificação dos navios por suas emissões de GEE por milha náutica pode ser diretamente relacionada a fatores como idade, tonelagem de peso morto e carga. Nós propomos que os navios com classificações ruins (E, F, G) encontrem regulamentos obrigatórios para diminuir o vapor ou melhorar sua produção de CO2 de alguma forma. Aqueles com classificações superiores (A, B, C, D) se beneficiariam de pacotes de incentivos ligados à sua implementação de vapor lento ou outras práticas. Também examinará como a redução das emissões pode beneficiar as empresas marítimas de forma econômica e ambiental. Finalmente, este artigo analisa possíveis reações em cadeia que podem ocorrer se essas práticas de transporte ecológico forem observadas. PALAVRAS-CHAVE: vapor lento, gases de efeito estufa, embarcações, transporte ecológico R. Desembargador Ellis Hermydio Figueira, 783, Bloco A, sl. 218, Aterrado.27213-415 -Volta Redonda, RJ -Brasil www.uff.br Copyright © 2017 RASI. Todos os dir...

show abstract

An utility-based decision support sustainability model in slow steaming maritime operations

Cited by 36 publications

References 32 publications

Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations

Management Innovation for Environmental Sustainability in Seaports: Managerial Accounting Instruments and Training for Competitive Green Ports beyond the Regulations

The impact of slow steaming on the carriers’ and shippers’ costs: The case of a global logistics network

Beneficial Effects of Slow Steaming in Bulk Freight Markets

Contact Info

Product

Resources

About