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Bunker Purchasing in Liner Shipping

In: Handbook of Ocean Container Transport Logistics

Author

Listed:
  • Christian E. M. Plum

    (Technical University of Denmark
    Maersk Line)

  • David Pisinger

    (Technical University of Denmark)

  • Peter N. Jensen

    (Maersk Oil Trading)

Abstract

The cost for bunker fuel represents a major part of the daily running costs of liner shipping vessels. The vessels, sailing on a fixed roundtrip of ports, can lift bunker at these ports, but prices in each port may be differing and fluctuating. The stock of bunker on a vessel is subject to a number of operational constraints such as capacity limits, reserve requirements and sulphur content. Contracts are often used for bunker purchasing, ensuring supply and often giving a discounted price. A contract can supply any vessel in a period and port, and is thus a shared resource between vessels, which must be distributed optimally to reduce overall costs. An overview of formulations and solution methods is given, and computational results are reported for some representative models.

Suggested Citation

  • Christian E. M. Plum & David Pisinger & Peter N. Jensen, 2015. "Bunker Purchasing in Liner Shipping," International Series in Operations Research & Management Science, in: Chung-Yee Lee & Qiang Meng (ed.), Handbook of Ocean Container Transport Logistics, edition 127, chapter 9, pages 251-278, Springer.
    • Handle: RePEc:spr:isochp:978-3-319-11891-8_9
    DOI: 10.1007/978-3-319-11891-8_9
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    Citations

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    Cited by:

    1. Yanhui Chen & Jinrong Lu & Mengmeng Ma, 2022. "How Does Oil Future Price Imply Bunker Price—Cointegration and Prediction Analysis," Energies, MDPI, vol. 15(10), pages 1-17, May.
    2. Reinhardt, Line Blander & Plum, Christian E.M. & Pisinger, David & Sigurd, Mikkel M. & Vial, Guillaume T.P., 2016. "The liner shipping berth scheduling problem with transit times," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 86(C), pages 116-128.
    3. Berit Dangaard Brouer & Christian Vad Karsten & David Pisinger, 2017. "Optimization in liner shipping," 4OR, Springer, vol. 15(1), pages 1-35, March.
    4. Berit Dangaard Brouer & Christian Vad Karsten & David Pisinger, 2018. "Optimization in liner shipping," Annals of Operations Research, Springer, vol. 271(1), pages 205-236, December.

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