Abstract
Purpose This paper aims to examine containership routing and speed optimization for maritime liner services. It focuses on a realistic case in which the transport demand, and consequently the collected revenue from the visited ports depend on the sailing speed. Design/methodology/approach The authors present an integer non-linear programming model for the containership routing and fleet sizing problem, in which the sailing speed of every leg, the ports to be included in the service and their sequence are optimized based on the net line's profit. The authors present a heuristic approach that is based on speed discretization and a genetic algorithm to solve the problem for large size instances. They present an application on a line provided by COSCO in 2017 between Asia and Europe. Findings The numerical results show that the proposed heuristic approach provides good quality solutions after a reasonable computation time. In addition, the demand sensitivity has a great impact on the selected route and therefore the profit function. Moreover, the more the demand is sensitive to the sailing speed, the higher the sailing speed value. Research limitations/implications The vessel carrying capacity is not considered in an explicit way. Originality/value This paper focuses on an important aspect in liner shipping, i.e. demand sensitivity to sailing speed. It brings a novel approach that is important in a context in which sailing speed strategies and market volatility are to be considered together in network design. This perspective has not been addressed previously.
Highlights
The demand for sea transport has continuously grown during the past few decades
The model considers an important aspect of the market in which the transport demand, and the corresponding revenue is sensitive to the sailing speed
A heuristic optimization procedure based on a genetic algorithm is proposed
Summary
The demand for sea transport has continuously grown during the past few decades. 80% of worldwide trade is transported on water (UNCTAD, 2016). Maritime transportation can be classified into one of three general modes: industrial, tramp and liner operations. Liner shipping operates according to a schedule on fixed routes between specific ports based on timetables. It transports approximately 16% of the world’s.
Sign-in/Register to view highlights & summary Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
