Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/151146
Title: A destination choice model for very large gas carriers (VLGC) loading from the US Gulf
Authors: Bai, Xiwen
Lam, Jasmine Siu Lee
Keywords: Engineering::Civil engineering
Issue Date: 2019
Source: Bai, X. & Lam, J. S. L. (2019). A destination choice model for very large gas carriers (VLGC) loading from the US Gulf. Energy, 174, 1267-1275. https://dx.doi.org/10.1016/j.energy.2019.02.148
Journal: Energy
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.
URI: https://hdl.handle.net/10356/151146
ISSN: 0360-5442
DOI: 10.1016/j.energy.2019.02.148
Rights: © 2019 Elsevier Ltd. All rights reserved.
Fulltext Permission: none
Fulltext Availability: No Fulltext
Appears in Collections:CEE Journal Articles

Page view(s)

40
Updated on Oct 17, 2021

Google ScholarTM

Check

Altmetric


Plumx

Items in DR-NTU are protected by copyright, with all rights reserved, unless otherwise indicated.