Abstract
The tonnage capacity of the Suez Canal has almost doubled since its reconstruction. The risk analysis of oil and oil products transportation is carried out in the paper, considering this factor from the Persian Gulf to America, and in order to reveal the economic efficiency of the existing recommended routes. According to the research outcomes and calculations, it is proved that the most expensive path is the route through the Suez Canal. It can be profitable on a short haul for transportation to the countries of the Mediterranean Basin and Western Europe due to the low tariff plan for small vessels of the LRl, MR, Handymax, Handysize classes and doubling the freight by reducing the transit time over short distances. An analysis of the probable routes from the Persian Gulf to North America through the Suez Canal and bypassing Africa is carried out in the paper. The economic effect calculation of oil transportation is conducted using the example of the Sea Vigor tanker of the Suezmax class through the Suez Canal and the Cape of Good Hope, considering the distance, the cost of escorting ships through the Suez Canal, the risk assessment and cost of ship security services, the calculation of wind-wave losses of routes bypassing the African continent. Besides, the conclusions and recommendations are formulated in the paper.
Highlights
The key issue in choosing the most rational transportation option is the economic effect calculation of all stages of the voyage assignment, starting with the vessel load and the cargo transportation from the unloading berth
The research outcome has proven that the shortest timing route is the most expensive one (Figure 10)
It can be profitable on a short haul for transportation to the countries of the Mediterranean Basin and Western Europe on vessels of the LRl, MR, Handymax, Handysize classes reducing the amount of road charge through the Suez due to tonnage
Summary
The key issue in choosing the most rational (optimal) transportation option is the economic effect calculation of all stages of the voyage assignment, starting with the vessel load and the cargo transportation from the unloading berth. If the compared sea routes differ only in one taken indicator, the local efficiency criteria are applied, excluding the downtime of vessels in the port while waiting for a queue or favorable weather conditions. In this case, the effectiveness of the compared sea routes can be assessed by one indicator: the company’s costs of downtime at the points of loading and unloading, or the costs associated with the vessel empty return. We will try to go into the matter applying complex criteria and formulating conclusions
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