Study on Vessels’ Economic Viability under Drastic Fluctuation of Oil Price

This paper is about vessel operations and not about trading in vessels. Vessels’ performance consists of vessels’ propulsion performance, commercial performance, safety performance and environmental performance. By making a link between the technical specifications of the vessel with the measurement of operational performance, this paper attempts to examine the economic viability of a vessel, assuming that it is the right vessel. For this purpose, the authors introduce the economic viability to assess the commercial performance of a vessel. The paper also examines how to keep vessels’ economic viability under drastic oil price fluctuation, as this is very crucial for shipping companies. Therefore, this study on bulk vessels’ economic viability will focus on one economic indicator and provide a method to help shipping companies gain the best economic benefit.

• Record URL:
  • http://www.icms.polyu.edu.hk/Proceedings/Proceedings%20of%20IFSPA%202013.pdf
• 
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9789623677677
• Supplemental Notes:
  • Abstract reprinted with permission of Hong Kong Polytechnic University.
• Corporate Authors:

  Hong Kong Polytechnic University

  Department of Logistics and Maritime Studies
  Tung International Centre for Maritime Studies
  Hong Kong,   China 
• Authors:
  • Dai, Lei
  • Hu, Hao
  • Chen, Fei-er
  • Zheng, Jia-ning
• Conference:
  • International Forum on Shipping, Ports and Airports (IFSPA) 2013: Trade, Supply Chain Activities and Transport: Contemporary Logistics and Maritime Issues
  • Location: Hong Kong , China
  • Date: 2013-6-3 to 2013-6-5
• Publication Date: 2013-8

Language

• English

Media Info

• Media Type: Digital/other
• Features: Figures; References; Tables;
• Pagination: pp 627-635
• Monograph Title: Proceedings of the International Forum on Shipping, Ports and Airports (IFSPA) 2013: Trade, Supply Chain Activities and Transport: Contemporary Logistics and Maritime Issues

Subject/Index Terms

• TRT Terms: Economic efficiency; Economic indicators; Fuel oils; Mathematical models; Prices; Sensitivity analysis; Ships
• Uncontrolled Terms: Autoregressive models
• Subject Areas: Economics; Marine Transportation; Planning and Forecasting; I10: Economics and Administration;

Filing Info

• Accession Number: 01497152
• Record Type: Publication
• ISBN: 9789623677677
• Files: TRIS
• Created Date: Oct 30 2013 9:12AM