Lecture 4 - The economics of shipping management

Welcome

For this lecture, on the first half we explore with our analytical setup in JupyterHub, elements of suppy and demand with real data.

After the break, we will address key metrics like cost vs. output, fuel consumption, and the influence of port efficiency, as well as discuss sustainable practices like speed reduction measures for decarbonizing shipping.

What you’ll learn from this lecture

Cost vs Output (tonnes)
Fuel consumption
Port efficiency in voyage efficiency

Speed reduction measures for decarbonizing shipping
The barriers for implementing speed reduction measures to reduce emissions

Learning Outcomes

Skills

Can communicate with industry practitioners using correct terminology

Competency

Exchanges opinions and experiences with others with a background in the field

Knowledge

Understand the main results in recent research within shipping economics and analytics

If Microsoft 365 repeatedly asks you to sign in, open the presentation directly.

Open slides in Microsoft 365

Adland, R. Cariou, P., & Wolff, F.-C. (2020). Optimal ship speed and the cubic law revisited: Empirical evidence from an oil tanker fleet. Transportation Research. Part E, Logistics and Transportation Review, 140, 101972.