The first volume in a new Springer Series on Shipping and Transport Logistics, Oil Transport Management provides a full historical account of the evolution of the oil transport industry since the 1800's. In this comprehensive guide, the authors investigate the industry and describe the shipping market and its structure, as well as forecasting, location plan and the transportation chain. They dedicate a separate chapter to each topic to cover various concepts, including:an introduction to the tanker shipping market, including how the freight, new vessel building, second hand and demolition markets influence one another,the economic structure and organization of the tanker industry in both the past and present, andforecasting the need for oil-based sea transportation. Further chapters present case studies and simulations to illustrate the importance of factory location decisions and the need for oil infrastructure investments. Chapter One also includes a regression equation to predict the fleet size in tanker shipping. Oil Transport Management is a key reference, which can be practically applied to wider global research and practices. Ideal for both industry practitioners, and researchers and students of shipping studies, Oil Transport Management provides a concise yet comprehensive coverage of the oil transport industry's history and a guide for its future development.
This book provides a full historical account of the evolution of the oil transport industry since the 1800's. It examines the industry and describes the shipping market and its structure as well as forecasting, location plan, and the transportation chain.
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1 Shoot and Collapse of Dry and Liquid Transportation Markets: The Credit Crunch Effect |
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1 | (12) |
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1 | (1) |
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1.2 Over Optimistic and Pessimistic Business Life: Boom and Bust Cycle |
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2 | (3) |
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1.3 Order Backlog of Dry and Liquid Bulk Vessels |
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5 | (1) |
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1.4 Development of Dry and Liquid Sea Transportation After Credit Crunch |
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6 | (3) |
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9 | (4) |
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10 | (3) |
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2 The Tanker Shipping Market |
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13 | (14) |
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13 | (1) |
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14 | (4) |
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15 | (1) |
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15 | (1) |
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2.2.3 New Building Vessel |
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16 | (1) |
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16 | (1) |
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17 | (1) |
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18 | (1) |
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18 | (4) |
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2.4.1 The Four Shipping Markets |
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18 | (1) |
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2.4.2 Trade Volume and Fleet Size |
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18 | (3) |
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21 | (1) |
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2.5 Discussions and Conclusions |
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22 | (5) |
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24 | (3) |
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3 Oil Tanker Economics: A Case of Oligopsony or of Perfect Competition? |
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27 | (36) |
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3.1 Historical Development of Oil Market |
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27 | (4) |
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31 | (4) |
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3.3 The Policy of Oil Majors |
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35 | (4) |
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3.4 Reduction of Transport Costs (1950-1972) |
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39 | (2) |
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3.4.1 Perfect Competition Among Oligopsonies? |
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40 | (1) |
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40 | (1) |
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3.5 Oil Majors and Independents at Risk (1973-2011) |
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41 | (5) |
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3.5.1 Developments in the Tanker Market After 1973 |
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42 | (1) |
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3.5.2 Increased Market Risk is the Price of Adopting `Perfect Competition' in Tanker Markets |
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43 | (1) |
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3.5.3 Complete Studies for the Impact of Tanker Size and Spot Market on Risk (After 2003) |
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44 | (2) |
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3.6 The Structure of Tanker Market, 1973-2009 |
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46 | (6) |
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3.6.1 The Herfindahl Index |
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46 | (1) |
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3.6.2 Oil Companies as Tanker Owners |
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47 | (1) |
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3.6.3 A Duopoly Cournot Model in Tanker Market? |
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48 | (2) |
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3.6.4 New Developments During the 1980s and Early 1990s in Large Firms |
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50 | (1) |
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3.6.5 The Concentration Ratio |
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50 | (2) |
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52 | (11) |
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Appendix A Monopsony Model |
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53 | (2) |
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Appendix B Recommended Essays |
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55 | (1) |
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Appendix C Oil Traders (Vitol) |
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56 | (3) |
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59 | (4) |
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4 Oil- and Coal-Based Sea Transportation Needs: An Integrated Forecasting Approach |
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63 | (14) |
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63 | (1) |
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4.2 Unbalanced Consumption and Production of Oil and Coal |
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64 | (2) |
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4.3 Long Term Projections from Oil and Coal Industry Statistics |
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66 | (4) |
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4.4 Using System Dynamics to Forecast Two Decades of Sea Transportation Needs |
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70 | (2) |
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72 | (5) |
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74 | (2) |
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76 | (1) |
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5 Railway-Based Oil Transportation Chain Infrastructure Needs: A System Dynamics Approach |
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77 | (14) |
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77 | (2) |
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5.2 Oil Transportation and System Dynamics Modeling |
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79 | (1) |
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5.3 Research Environment and Introduction to the Simulation Model |
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80 | (4) |
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5.4 System Dynamics Simulation Results from Growth Scenario, Where Muuga Harbour Holds Its Share from Intra-Country Alternatives |
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84 | (4) |
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88 | (3) |
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89 | (2) |
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6 Transportation Logistics: A Case Study of Bio-Diesel Factory Location Plans |
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91 | |
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91 | (1) |
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6.2 Fischer-Tropsch Process in Historical Perspective |
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92 | (2) |
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6.3 Research Environment: Factory Plans for Declining Finnish Pulp and Paper Industry |
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94 | (2) |
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6.4 Decision-Making Hierarchy for Bio-Diesel Plant Location Problem from Logistics Perspective |
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96 | (6) |
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102 | |
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103 | |
Venus Y.H. Lun is Director of Shipping Research Centre, The Hong Kong Polytechnic University, Hong Kong. Her research papers have appeared in various journals such as Expert Systems with Applications, International Journal of Production Economics, International Journal Production Research, Resources, Conservation and Recycling, Transport Reviews, and others. She has co-authored several books published by McGraw-Hill, VDM, and Springer.
Olli-Pekka Hilmola is working as a Professor in Lappeenranta University of Technology (LUT), in Kouvola, Finland. He is affiliated with numerous international journals through editorial boards, including Baltic Journal of Management, Industrial Management and Data Systems, Decision Support Systems, and International Journal of Shipping and Transport Logistics. He has published more than 100 refereed journal manuscripts.
Alexandros Goulielmos has been Professor of Marine Economics in the Department of Maritime Studies, University of Piraeus, Greece, since 1998. He pioneered the application of chaos and complexity theory to maritime economics and shipping company management. He is the author of 14 books and over 40 papers. In 1993 to 1995, he was appointed General Secretary of the Greek Shipping Ministry. He obtained his PhD in the economics of second hand prices from Brunel University, where he was a reader and an associate professor between 1992 and 1998.
Kee-hung Lai is Associate Professor with a research interest in logistics management in the Department of Logistics and Maritime Studies, The Hong Kong Polytechnic University, Hong Kong. He has co-authored three books and his research papers have appeared in various journals such as California Management Review, Communications of the ACM, Journal of Business Logistics, and others.
T.C. Edwin Cheng is Dean of the Faculty of Business and Chair Professor of Management in the Department of Logistics and Maritime Studies, The Hong Kong Polytechnic University, Hong Kong. His research interests are in operations management and operations research. He has published over 520 papers in such journals as Management Science, MIS Quarterly, Operations Research, Organization Science, and others. He has co-authored ten books published by Chapman and Hall, McGraw-Hill, and Springer.
