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Evaluating economic and environmental value of liner vessel sharing along the maritime silk road

Author

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  • Xuan Qiu
  • Eugene Y.C. Wong
  • Jasmine Siu Lee Lam

Abstract

The Belt and Road initiative is a novel exploration of China towards strategic collaboration with Eurasia countries to an extent of a larger scale with higher and deeper level of cooperation. To meet the growing global demand of transportation, increasing numbers of liner shipping companies collaborate and form alliances to share vessel capacity and reduce capital costs. Effective liner shipping vessel sharing is essential for the Belt and Road initiative in terms of building efficient maritime transport networks. In promoting environmental development, shipping companies are required to attain higher environmental standards. However, limited literature relates vessel sharing to environmental performance. This paper studies the impacts of liner vessel sharing from the economic and environmental perspectives. Two container allocation models are developed for the two scenarios: with and without vessel sharing. The carbon emissions in transportation are calculated under both scenarios. Numerical studies are carried out using services along the China-Indochina Peninsula Economic (CIPE) Corridor. Liner shipping companies could benefit from vessel sharing in terms of significant profit improvement. Vessel sharing could also benefit the environment by reducing the CO2 emissions dramatically.

Suggested Citation

  • Xuan Qiu & Eugene Y.C. Wong & Jasmine Siu Lee Lam, 2018. "Evaluating economic and environmental value of liner vessel sharing along the maritime silk road," Maritime Policy & Management, Taylor & Francis Journals, vol. 45(3), pages 336-350, April.
    • Handle: RePEc:taf:marpmg:v:45:y:2018:i:3:p:336-350
    DOI: 10.1080/03088839.2018.1437285
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    Citations

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    Cited by:

    1. Wang, Xueqin & Wong, Yiik Diew & Yuen, Kum Fai & Li, Kevin X., 2020. "Environmental governance of transportation infrastructure under Belt and Road Initiative: A unified framework," Transportation Research Part A: Policy and Practice, Elsevier, vol. 139(C), pages 189-199.
    2. Tingsong Wang & Jingyi Xu & Yong Jin & Shuaian Wang, 2024. "Assessing the Belt and Road Initiative’s Impact: A Multi-Regression Model Based on Economic Interaction," Sustainability, MDPI, vol. 16(11), pages 1-26, May.
    3. Kundu, Tanmoy & Sheu, Jiuh-Biing, 2019. "Analyzing the effect of government subsidy on shippers’ mode switching behavior in the Belt and Road strategic context," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 129(C), pages 175-202.
    4. Claudio Ferrari & Alessio Tei, 2020. "Effects of BRI strategy on Mediterranean shipping transport," Journal of Shipping and Trade, Springer, vol. 5(1), pages 1-18, December.
    5. Hyunwoo Park & Christian C. Blanco & Elliot Bendoly, 2022. "Vessel sharing and its impact on maritime operations and carbon emissions," Production and Operations Management, Production and Operations Management Society, vol. 31(7), pages 2925-2942, July.
    6. Mohammad Ghorbani & Michele Acciaro & Sandra Transchel & Pierre Cariou, 2022. "Strategic alliances in container shipping: A review of the literature and future research agenda," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 24(2), pages 439-465, June.
    7. Zhang, Ruiyou & Huang, Chao & Feng, Xuehao, 2020. "Empty container repositioning with foldable containers in a river transport network considering the limitations of bridge heights," Transportation Research Part A: Policy and Practice, Elsevier, vol. 133(C), pages 197-213.
    8. Daozheng Huang & Gang Zhao, 2019. "A Shared Container Transportation Mode in the Yangtze River," Sustainability, MDPI, vol. 11(10), pages 1-12, May.

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