LNG Maritime energy contracting model

Eunice Omolola Olaniyi () and Laima Gerlitz ()
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Eunice Omolola Olaniyi: Tallinn University of Technology, Estonia
Laima Gerlitz: Hochschule Wismar, University of Applied Sciences, Technology, Business and Design, Germany

Entrepreneurship and Sustainability Issues, 2019, vol. 7, issue 1, 574-594

Abstract: To meet the global 2020 low sulphur demand and beyond, the supply of low sulphur fuel must increase and expand. So far, the world bunker market is split between the different compliance solutions increasing demand for sulphur compliant fuel. The work examines the implementation of an innovative business model initially designed to meet energy needs. The developed model facilitated a sustainable LNG supply/distribution process economically and was further tested with a real-life case example that shows the cost structure for the proposed model. Both quantitative and qualitative data approaches were used to collect data. The illustrated modified features of the LNG maritime energy contract model accentuate an analytical and unconventional strategy embedded in experimentation.

Keywords: SECA regulations; Baltic Sea region; clean shipping; sustainability; LNG; global suphur cap (search for similar items in EconPapers)
JEL-codes: G31 G32 L26 L98 M10 (search for similar items in EconPapers)
Date: 2019
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:7:y:2019:i:1:p:574-594

DOI: 10.9770/jesi.2019.7.1(40)

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