Shipping Economics Development: A Review from the Perspective of the Shipping Industry Chain for the Past Four Decades

Xia, Qiliang; Chen, Feier

doi:10.1007/s12204-022-2449-y

Cited by 3 publications

(2 citation statements)

References 109 publications

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“…Worldwide, the shipping industry has been adopting innovative measures to reduce its environmental impact, particularly through decarbonisation practices [4]. The shipping industry is critical for the global trade and commerce, responsible for transporting approximately 80% of the world's goods by volume [5]. However, this industry's growth has also led to increased carbon emissions, thus exhibiting significant environmental impact, including climate change, air pollution, and ocean acidification.…”

Section: Introductionmentioning

confidence: 99%

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Environmental-Economic Analysis for Decarbonising Ferries Fleets

Theotokatos,

Karvounis,

Polychronidi

2023

Energies

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Several countries heavily depend on their domestic ferries, the decarbonisation of which are required following the prevailing and forthcoming international and national carbon reduction targets. This study aims to conduct an environmental-economic analysis to identify the impact of three decarbonisation measures, specifically, hybridisation, liquified natural gas (LNG) and methanol use, for two ferries of different size of a developing country fleet. The study is based on several methodological steps including the selection of key performance indicators (KPIs), the pre-processing of acquired data to identify representative operating profiles, the environmental and economic KPIs calculation, as well as the comparative appraisal of the investigated measures. The required investments for decarbonising the whole domestic fleet of a case country are subsequently estimated and discussed. All the three investigated measures have the potential to reduce CO2 emissions, however, not beyond the IMO 2030 carbon emissions reduction target. This study provides insights to the involved stakeholders for supporting their decisions pertinent to the domestic ferries sector decarbonisation.

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Section: Introductionmentioning

confidence: 99%

“…Four stroke gas engine is considered, 2 Provided by industrial sources,3 Uncertainty regarding the N 2 O emission factors is noted,4 Fuel costs refer to conventional fuel production methods 5. year average as of 2023 is used for the fuel price of MGO according to[37].…”

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confidence: 99%

Environmental-Economic Analysis for Decarbonising Ferries Fleets

Theotokatos,

Karvounis,

Polychronidi

2023

Energies

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On predicting ocean freight rates: a novel hybrid model of combined error evaluation and reinforcement learning

Guo,

Kuang,

Sui

et al. 2024

Marit Econ Logist

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Understanding the information of shock effects between energy commodity prices and maritime freight rate

Chen,

Tang,

Chen

et al. 2024

Front. Energy Res.

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Research has identified volatility transmission from the oil market to the tanker freight market through external shocks. However, in the presence of intricate nonlinear structures, the academic literature often encounters difficulties in identifying cycles and their correlations across various timescales. This paper provides a multi-market analysis to comprehend the information from shock effects on different tanker routes and multi-peak fitting. Under different shock regimes, crude oil market and tanker freight rate shocks could transit bi-directly. When events occur, the crude oil market prices the expectations. However, when the actual performance of the future market differs from the traders’ predictions of the future market, a price gap exists. Generally, the trade opportunity is tough to catch up on because only partial information can be found. In this study, we investigate the volatility connection of multi-markets and shock effects to clarify previously undisclosed information using multi-peak analysis. The information gathered and double-checked by cargo markets, crude oil supply-demand balance, and tanker freight prices of various tanker types could assist us in identifying prospective trends and investment opportunities. The volatility of each market, as well as the correlation of multi-markets, gives insights to crude oil dealers, tanker market participants, and energy regulators.

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Shipping Economics Development: A Review from the Perspective of the Shipping Industry Chain for the Past Four Decades

Cited by 3 publications

References 109 publications

Environmental-Economic Analysis for Decarbonising Ferries Fleets

Environmental-Economic Analysis for Decarbonising Ferries Fleets

On predicting ocean freight rates: a novel hybrid model of combined error evaluation and reinforcement learning

Understanding the information of shock effects between energy commodity prices and maritime freight rate

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