Planning of vessel speed and fuel bunkering over a route with speed limits

Izabela Ewa Nielsen (), Ngoc Anh Dung Do (), Jaejin Jang () and Grzegorz Bocewicz ()
Additional contact information
Izabela Ewa Nielsen: Department of Mechanical and Manufacturing Engineering, Aalborg University
Ngoc Anh Dung Do: Department of Mechanical and Manufacturing Engineering, Aalborg University
Jaejin Jang: Department of Industrial & Manufacturing Engineering, University of Wisconsin-Milwaukee
Grzegorz Bocewicz: Department of Electronics and Computer Science, Koszalin University of Technology

Maritime Economics & Logistics, 2016, vol. 18, issue 4, No 4, 414-435

Abstract: Abstract Since the economic crisis of 2008, global trade and shipping services have continuously grown, which resulted in more ships and reduced berthing times of vessels at hub ports. This change, along with higher fuel prices, requires the shipping industry to keep the vessels on schedule more than before while reducing fuel cost. This article develops a mathematical model to determine vessel speeds and ports for fuel purchase to minimize the fuel cost of shipping companies. Specifically, this research considers maximum allowed vessel speeds on a route because of geographical features such as canal, channel and ocean currents. The problem is first formulated as non-linear programming, then converted to linear programming by an innovative way of using piecewise linear functions. A heuristic procedure is also presented to reduce the computation time for large size problems.

Keywords: maritime transportation; ship speed; bunker fuel management (search for similar items in EconPapers)
Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://link.springer.com/10.1057/mel.2015.23 Abstract (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:marecl:v:18:y:2016:i:4:d:10.1057_mel.2015.23

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/41278/PS2

DOI: 10.1057/mel.2015.23

Access Statistics for this article

Maritime Economics & Logistics is currently edited by Hercules E. Haralambides

More articles in Maritime Economics & Logistics from Palgrave Macmillan, International Association of Maritime Economists (IAME) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().