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A Scheduling Model for a High Speed Containership Service: A Hub and Spoke Short-Sea Application

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  • H B Bendall

    () (Finance and Economics, University of Technology, Kuring-gai Campus, Eton Road, Lindfield NSW 2070, Australia.)

  • A F Stent

    () (Finance and Quantitative Analysis, University of Otago, PO Box 56, Dunedin, New Zealand.)

Abstract

Advances in ship technology must be demonstrably beneficial and profitable before shipowners invest. Since the capital costs are large, investment in new technology will tend to be incremental rather than radical and will be affected by the financial viability of the service in which the ship is employed. While operating costs depend on the technology used for a given freight task, revenue from operations depends on transit time, frequency of service, freight rates, and volume of containers carried. Although high speed vessels (40 knots+) carry small payloads over short distances, this disadvantage can be offset by the greater number of round voyages achievable over a given period. After examining factors influencing the demand for fast cargo services, a high speed cargo ship design is described along with appropriate cargo handling and terminal operations. Using a mixed integer programming approach, an optimisation model is used to determine the profitability of a short-haul hub and spoke feeder operation based on Singapore. The model is used to calculate the optimum number of ships required to meet the given distribution task, the most profitable deployment of the fleet and the profitability over the planning horizon. International Journal of Maritime Economics (2001) 3, 262–277. doi: 10.1057/palgrave.ijme.9100018

Suggested Citation

  • H B Bendall & A F Stent, 2001. "A Scheduling Model for a High Speed Containership Service: A Hub and Spoke Short-Sea Application," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 3(3), pages 262-277, September.
  • Handle: RePEc:pal:marecl:v:3:y:2001:i:3:p:262-277
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    Cited by:

    1. Diego Cattaruzza & Nabil Absi & Dominique Feillet, 2018. "Vehicle routing problems with multiple trips," Annals of Operations Research, Springer, vol. 271(1), pages 127-159, December.
    2. Marielle Christiansen & Kjetil Fagerholt & David Ronen, 2004. "Ship Routing and Scheduling: Status and Perspectives," Transportation Science, INFORMS, vol. 38(1), pages 1-18, February.
    3. Rau, Philipp & Spinler, Stefan, 2016. "Investment into container shipping capacity: A real options approach in oligopolistic competition," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 93(C), pages 130-147.
    4. Mattfeld, D. C. & Kopfer, H., 2003. "Terminal operations management in vehicle transshipment," Transportation Research Part A: Policy and Practice, Elsevier, vol. 37(5), pages 435-452, June.
    5. Endre Boros & Lei Lei & Yao Zhao & Hua Zhong, 2008. "Scheduling vessels and container-yard operations with conflicting objectives," Annals of Operations Research, Springer, vol. 161(1), pages 149-170, July.
    6. Manuel Herrera & Per J. Agrell & Casiano Manrique-de-Lara-Peñate & Lourdes Trujillo, 2017. "Vessel capacity restrictions in the fleet deployment problem: an application to the Panama Canal," Annals of Operations Research, Springer, vol. 253(2), pages 845-869, June.
    7. Junayed Pasha & Maxim A. Dulebenets & Masoud Kavoosi & Olumide F. Abioye & Oluwatosin Theophilus & Hui Wang & Raphael Kampmann & Weihong Guo, 2020. "Holistic tactical-level planning in liner shipping: an exact optimization approach," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-35, December.
    8. Wang, Shuaian & Meng, Qiang & Liu, Zhiyuan, 2013. "Containership scheduling with transit-time-sensitive container shipment demand," Transportation Research Part B: Methodological, Elsevier, vol. 54(C), pages 68-83.
    9. Diego Cattaruzza & Nabil Absi & Dominique Feillet, 2016. "Vehicle routing problems with multiple trips," 4OR, Springer, vol. 14(3), pages 223-259, September.
    10. Qiang Meng & Shuaian Wang & Henrik Andersson & Kristian Thun, 2014. "Containership Routing and Scheduling in Liner Shipping: Overview and Future Research Directions," Transportation Science, INFORMS, vol. 48(2), pages 265-280, May.
    11. Kjetil Fagerholt *, 2004. "Designing optimal routes in a liner shipping problem," Maritime Policy & Management, Taylor & Francis Journals, vol. 31(4), pages 259-268, October.
    12. Pantuso, Giovanni & Fagerholt, Kjetil & Hvattum, Lars Magnus, 2014. "A survey on maritime fleet size and mix problems," European Journal of Operational Research, Elsevier, vol. 235(2), pages 341-349.

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