Open Access

Optimizing Voyage Costs in Maritime Supply Chains: A Holistic Approach Towards Logistics Service Improvement and Supply Chain Finance


Cite

Adland, R., Cariou, P., and Wolff, F. C. (2020) Optimal ship speed and the cubic law revisited: Empirical evidence from an oil tanker fleet. Transportation Research Part E: Logistics and Transportation Review, 140,101972. DOI: 10.1016/j.tre.2020.101972. Search in Google Scholar

Al Zaabi, S., Al Dhaheri, N. and Diabat, A. (2013) Analysis of interaction between the barriers to the implementation of sustainable supply chain management. The International Journal of Advanced Manufacturing Technology, 68, 895-905. DOI: 10.1007/s00170-013-4951-8. Search in Google Scholar

Albertijn, S., Bessler, W., and Drobetz, W. (2011) Financing shipping companies and shipping operations: A risk-management perspective. Journal of Applied Corporate Finance, 23(4), 70-82. DOI: 10.1111/j.1745-6622.2011.00353. Search in Google Scholar

Atari, S., Bakkar, Y., Olaniyi, E. O., and Prause, G. (2019) Real options analysis of abatement investments for sulphur emission control compliance. Entrepreneurship and Sustainability Issues, 6(3), 1062. DOI: 10.9770/jesi.2019.6.3(1). Search in Google Scholar

Barras, B. (2004) Ship design and performance for masters and mates. Oxford: Elsevier. ISBN 0-7506-6000-7. Search in Google Scholar

Bartolacci, M. R., LeBlanc, L. J., Kayikci, Y., and Grossman, T. A. (2012) Optimization modeling for logistics: options and implementations. Journal of Business Logistics, 33(2), 118-127. Search in Google Scholar

Bennett, D. (2013) Manufacturing Holy Ship. Bloomberg Businessweek. 5 September 2013. Search in Google Scholar

Bialystocki, N. and Konovessis, D. (2016) On the estimation of ship’s fuel consumption and speed curve: A statistical approach. Journal of Ocean Engineering and Science, 1(2), 157-166. DOI: 10.1016/j.joes.2016.02.001. Search in Google Scholar

Blaik, P. and Matwiejczuk, R. (2009) Logistic processes and potentials in a value chain. Electronic Scientific Journal of Logistics, 5(2). ISSN 1734-459X. Search in Google Scholar

Caputo, A. C., Fratocchi, L., and Pelagagge, P. M. (2005) A framework for analysing long-range direct shipping logistics. Industrial Management & Data Systems, 105(7), 876-899. DOI:10.1108/02635570510616094. Search in Google Scholar

Cariou, P. (2011) Is slow steaming a sustainable means of reducing CO2 emissions from container shipping? Transportation Research Part D: Transport and Environment, 16(3), 260-264. DOI:10.1016/j.trd.2010.12.005. Search in Google Scholar

Crainic, T. G. and Kim, K. H. (2007) Intermodal transportation. Handbooks in operations research and management science, 14, 467-537. DOI:10.1016/S0927-0507(06)14008-6. Search in Google Scholar

Di Martino, B., Colucci Cante, L., Esposito, A., and Graziano, M. (2023) A tool for the semantic annotation, validation and optimization of business process models. Software: Practice and Experience, 53(5), 1174-1195. DOI:10.1002/spe.3184. Search in Google Scholar

Du, Y., Meng, Q., Wang, S., and Kuang, H. (2019) Two-phase optimal solutions for ship speed and trim optimization over a voyage using voyage report data. Transportation Research Part B: Methodological, 122, 88-114. DOI:10.1016/j.trb.2019.02.004. Search in Google Scholar

Fan, A., Yang, J., Yang, L., Wu, D., and Vladimir, N. (2022) A review of ship fuel consumption models. Ocean Engineering, 264 (112405). DOI: 10.1016/j.oceaneng.2022.112405. Search in Google Scholar

Ferrari, C., Parola, F., and Tei, A. (2015). Determinants of slow steaming and implications on service patterns. Maritime Policy & Management, 42(7), 636-652. DOI:10.1080/03088839.2015.1078011. Search in Google Scholar

Frémont, A. (2009) Shipping lines and logistics. Transport Reviews, 29(4), 537-554. DOI:10.1080/01441640802677607. Search in Google Scholar

Gkonis, K. G. and Psaraftis, H. N. (2010) Some key variables affecting liner shipping costs. Laboratory for Maritime Transport, National Technical University of Athens. Search in Google Scholar

Gu, Y., Wang, Y., Zhang, J. (2022) Fleet deployment and speed optimization of container ships considering bunker fuel consumption heterogeneity. MSE 1(3). DOI: 10.1007/s44176-022-00003-2. Search in Google Scholar

Huang, Q., Cui, Y., Liu, X., and Liang, X. (2019) Analysis of administrative management and operation cost in China’s maritime shipping market. Journal of Coastal Research, 94(SI), 398-405. DOI:10.2112/SI94-080.1. Search in Google Scholar

IMO (2009) Our Voyage Together: How IMO’s technical cooperation supports sustainable development. https://wwwcdn.imo.org/localresources/en/OurWork/TechnicalCooperation/Documents/OurVoyageTogether.pdf (Assessed 12.06.2023). Search in Google Scholar

IMO (2020) Fourth IMO GHG Study 2020. International Maritime Organization London, UK. Search in Google Scholar

Jacobs, R. and Chase, R. (2017) Operations and Supply Chain Management. McGraw Hill; 15th Edition. Search in Google Scholar

Jansson, J. O. and Shneerson, D. (1982) The optimal ship size. Journal of transport economics and Policy, 217-238. Search in Google Scholar

Lu, R., Turan, O., and Boulougouris, E. (2013) Voyage optimisation: prediction of ship-specific fuel consumption for energy-efficient shipping. In: 3rd International Conference on Technologies, Operations, Logistics and Modelling for Low Carbon Shipping, 1-11. Search in Google Scholar

Maloni, M., Paul, J. A., and Gligor, D. M. (2013) Slow steaming impacts ocean carriers and shippers. Maritime Economics & Logistics, 15(2), 151-171. DOI: 10.1057/mel.2013.2. Search in Google Scholar

Marlow, P. B., and Casaca, A. C. P. (2003) Measuring lean ports performance. International journal of transport management, 1(4), 189-202. DOI:10.1016/j.ijtm.2003.12.002. Search in Google Scholar

Mersin, K., Alkan, G., and Mısırlıoğlu, T. (2017) A new method for calculating fuel consumption and displacement of a ship in maritime transport. Cogent Engineering, 4(1), 1415107. DOI:10.1080/23311916.2017.1415107. Search in Google Scholar

Moon, D. S. H. and Woo, J. K. (2014) The impact of port operations on efficient ship operation from both economic and environmental perspectives. Maritime Policy & Management, 41(5), 444-461. DOI:10.1080/03088839.2014.931607. Search in Google Scholar

Neagu, N., Dorer, K., Greenwood, D., and Calisti, M. (2006) LS/ATN: Reporting on a successful Agent-based solution for transport logistics optimization. In: IEEE Workshop on Distributed Intelligent Systems: Collective Intelligence and Its Applications (DIS’06), 213-218. Search in Google Scholar

Notteboom, T. E. (2006) The time factor in liner shipping services. Maritime Economics & Logistics, 8, 19-39. DOI:10.1057/palgrave.mel.9100148. Search in Google Scholar

Nyhuis, P. and Wiendahl, H. P. (2009) Fundamentals of Production Logistics. Springer Verlag, Berlin. Search in Google Scholar

Olaniyi, E. O., Prause, G., Gerasimova, V., and Inkinen, T. (2022) Clean Cruise Shipping: Experience from the BSR. Sustainability, 14(9), 5002. DOI: 10.3390/su14095002. Search in Google Scholar

Peterson, J. S. (2019) Presenting a qualitative study: A reviewer’s perspective. Gifted Child Quarterly, 63(3), 147-158. DOI:10.1177/0016986219844789. Search in Google Scholar

Philipp, R., Prause, G., and Gerlitz, L. (2019). Blockchain and Smart Contracts for Entrepreneurial Collaboration in Maritime Supply Chains. Transport and Telecommunication, 20(4), 365-378. DOI: 10.2478/ttj-2019-0030. Search in Google Scholar

Poulsen, R. T., Viktorelius, M., Varvne, H., Rasmussen, H. B., and von Knorring, H. (2022) Energy efficiency in ship operations-exploring voyage decisions and decision-makers. Transportation Research Part D: Transport and Environment, 102, 103120. DOI:10.1016/j.trd.2021.103120. Search in Google Scholar

Prause, G. and Olaniyi, E.O. (2019) A compliance cost analysis of the Seca regulation in the Baltic Sea. Entrepreneurship and Sustainability Issues, 6(4) 1907–1921. DOI:10.9770/jesi.2019.6.4(26). Search in Google Scholar

Psaraftis, H., Kontovas, C. (2013) Speed models for energy-efficient maritime transportation: A taxonomy and survey. Transportation Research Part C, 26, 331–351. DOI:10.1016/j.trc.2012.09.012. Search in Google Scholar

Rodrigue, J. P. (2020) The Geography of Transport Systems. 5th ed., New York: Routledge, ISBN 978-0-367-36463-2. DOI: 10.4324/9780429346323. Search in Google Scholar

Sadeghi, M., Mahmoudi, A., Deng, X., and Luo, X. (2023) Prioritizing requirements for implementing blockchain technology in the construction supply chain based on circular economy: Fuzzy Ordinal Priority Approach. International Journal of Environmental Science and Technology, 20(5), 4991-5012. DOI:10.1109/ACCESS.2019.2903554. Search in Google Scholar

Seedah, D., Harrison, R., Boske, L., and Kruse, J. (2013) Container terminal and cargo-handling cost analysis toolkit (No. 0-6690-CTR-P2). Search in Google Scholar

Sherbaz, S. and Duan, W. (2014) Ship trim optimization: assessment of the influence of trim on resistance of MOERI container ship. The Scientific World Journal, 2014. DOI:10.1155/2014/603695. Search in Google Scholar

Speranza, M. G. and Ukovich, W. (1994) Analysis and integration of optimization models for logistic systems. International Journal of Production Economics, 35(1-3), 183-190. DOI: 10.1016/0925-5273(94)90080-9. Search in Google Scholar

Stapersma, D. (2017). Main propulsion arrangement and power generation concepts. In: J. Carlton, P. Jukes, & C. Y. Sang (Eds.). Encyclopedia of Maritime and Offshore Engineering, 2, 1039-1078. Wiley. DOI: 10.1002/9781118476406.emoe068. Search in Google Scholar

Stefanou, C. (1999) Supply chain management (SCM) and organizational key factors for successful implementation of enterprise resource planning (ERP) systems. AMCIS 1999 proceedings, 276. Search in Google Scholar

Stopford, M. (2009) Maritime Economics 3rd ed. Routledge, Taylor and Francis, London and New York. Search in Google Scholar

Swafford, P. M., Ghosh, S., and Murthy, N. N. (2006) A framework for assessing value chain agility. International Journal of Operations & Production Management, 26(2), 118-140. ISSN: 0144-3577. Search in Google Scholar

Tran, N. K., Haasis, H. D., and Buer, T. (2017).Container shipping route design incorporating the costs of shipping, inland/feeder transport, inventory and CO2 emission. Maritime Economics & Logistics, 19(4), 667-694. DOI:10.1057/palgrave.mel.9100087. Search in Google Scholar

Turan, O., Ölçer, A. İ., Lazakis, I., Rigo, P., and Caprace, J. D. (2009) Maintenance/repair and production-oriented life cycle cost/earning model for ship structural optimisation during the conceptual design stage. Ships and Offshore Structures, 4(2), 107-125. DOI:10.1080/17445300802564220. Search in Google Scholar

Vargas-Hernández, J. G. (2023) Relocation strategy of global supply chain and value chain under deglobalization. In: Managing inflation and supply chain disruptions in the global economy, 62-80. IGI Global. DOI: 10.4018/978-1-6684-5876-1.ch005. Search in Google Scholar

Walters, D. and Lancaster, G. (2000) Implementing value strategy through the value chain. Management Decision, 38(3), 160-178. Search in Google Scholar

Wang, H., Lang, X., and Mao, W. (2021) Voyage optimization combining genetic algorithm and dynamic programming for fuel/emissions reduction. Transportation Research Part D: Transport and Environment, 90, 102670. DOI:10.1016/j.trd.2020.102670. Search in Google Scholar

Yang, C., Huang, F., and Noblesse, F. (2013) Practical evaluation of the drag of a ship for design and optimization. Journal of Hydrodynamics, 25(5), 645-654. DOI:10.1016/S1001-6058(13)60409-6. Search in Google Scholar

Yu, H., Fang, Z., Fu, X., Liu, J., and Chen, J. (2021) Literature review on emission control-based ship voyage optimization. Transportation Research Part D: Transport and Environment, 93, 102768. DOI:10.1016/j.trd.2021.102768. Search in Google Scholar

Zhou, X. (2013) Research on logistics value chain analysis and competitiveness construction for express enterprises. American Journal of Industrial and Business Management, 3(2) DOI:10.4236/ajibm.2013.32017. Search in Google Scholar

eISSN:
1407-6179
Language:
English
Publication timeframe:
4 times per year
Journal Subjects:
Engineering, Introductions and Overviews, other