 A destination choice model for very large gas carriers (VLGC) loading from the US GulfXiwen Bai and Jasmine Siu Lee Lam Energy, 2019, vol. 174, issue C, 1267-1275 Abstract: This study is one of the first to model energy shipping destination choice behaviors and identify their associations with various market factors from charterers' perspective. The paper uses very large gas carriers loading from the US Gulf as an illustration. Attributes include freight rate, propane price spread, bunker costs and number of ships in the destination areas. It also identifies the effects of the Panama Canal expansion on destination choices, by dividing sample data into two sub-periods: pre- and post-expansion. Furthermore, both aggregate and disaggregate analysis for different ports are provided. This work draws significant implications for energy transport planning. Understanding the charterer's choice of destinations is vital in determining traffic flow to a specific destination and in forecasting supply patterns. This model can be applied to other downstream commodity shipping segments with available arbitrage opportunities, less sticky trade flows and active traders. Keywords: Energy shipping; Destination choice modeling; Ship routing; Very large gas carrier; Panama canal; Automatic identification system (AIS) (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:energy:v:174:y:2019:i:c:p:1267-1275 DOI: 10.1016/j.energy.2019.02.148 Access Statistics for this article Energy is currently edited by Henrik Lund and Mark J. Kaiser More articles in Energy from Elsevier |
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