Liquefied Natural Gas Ship Route Planning: A Risk Analysis Approach

1Citations
Citations of this article
14Readers
Mendeley users who have this article in their library.

Abstract

We present a risk analysis approach for selecting alternate routes between liquefaction and re-gasification terminals. Due to lack of data related to incidents directly affecting LNG vessels as a result of the impressive historical safety records of the LNG industry, some parameters required for our risk analysis are estimated from a closely related hazmat cargo, Crude Oil. Our formulation is then used to solve a problem instance, using real-life data. Our results suggest: i) Depending on managerial preference, an alternate route with shorter distance may not necessarily be the vessel route of choice; ii) Risk analysis approach provides an insight into selection of a voyage route, taking into consideration activities (terrorism, or pirate attacks, or otherwise) that have been historically associated with alternate LNG vessel routes.

Cite

CITATION STYLE

APA

Biobaku, T., Lim, G., Cho, J., Parsaei, H., & Kim, S. (2015). Liquefied Natural Gas Ship Route Planning: A Risk Analysis Approach. Procedia Manufacturing, 3, 1319–1326. https://doi.org/10.1016/j.promfg.2015.07.282

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free