Highlights Sailing though the NSR versus the SCR saves distance, but not always time. OW, 1A and 1AS ice-class vessels do not have the same level of revenue. Ice thickness impacts directly the navigability of the NSR. Brent value and bunker cost impact the choice of the vessel. The best option depends on the strategy based on climate and economic factors.

    Abstract Navigation via the Northern Sea Route (NSR) requires specific vessels in comparison with the Suez Canal Route (SCR). We develop a profit decision model that defines the best option mixing the shipping lane (NSR or SCR) and the ice-class of the vessel (1A, 1AS, and Open Water (OW)) for oil producers operating in the Russian Arctic zone. The effects of the Brent barrel price, bunker cost and ice-thickness are analyzed. The best option depends in fact on the strategy implemented by the shipper. For instance, the solutions of a profit focused strategy or of a cost-oriented strategy are different.


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Best maritime transportation option for the Arctic crude oil: A profit decision model


    Contributors:


    Publication date :

    2020-01-29




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English




    Well-to-tank carbon emissions from crude oil maritime transportation

    Greene, Suzanne / Jia, Haiying / Rubio-Domingo, Gabriela | Elsevier | 2020



    Maritime transportation

    International Conference on Maritime Transport | TIBKAT | 2020



    Risk influencing factors analysis of Arctic maritime transportation systems: a Chinese perspective

    Fu, Shanshan / Yan, Xinping / Zhang, Di et al. | Taylor & Francis Verlag | 2018