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An Approach to Green Shipping Corridor Modeling and Optimization

Over the course of the next decade and beyond, green shipping corridors are expected to act as a catalyst for the global energy transition by providing frameworks for regional and international stakeholders to collaborate on maritime decarbonization goals while aligning with broader regional, national, and international decarbonization initiatives. As with all elements of the global energy transition, the number of stakeholders and the available resources can prove challenging. Therefore, route selection and key performance indicators must be data-driven decisions, with the goal of large-scale decarbonization and techno-economically feasible implementation.

Leveraging advanced optimization and modeling capabilities paired with industry data, the ABS publication, An Approach to Green Shipping Corridor Modeling and Optimization, explores two green shipping corridor case studies, the Singapore-Rotterdam containership route, and the Australia-Japan iron ore bulk carrier route. The outcomes of these studies provide green shipping corridor consortium members with a common model for data-driven decision making. The model is capable of providing information such as fleet fuel mix, newbuilding vessel investment needs, annualized port investments, fuel demand prediction in specific ports, fuel storage requirements at specific ports, and year-over-year fuel procurement for port bunkering stations and more.

Learn more and download your copy of An Approach to Green Shipping Corridor Modeling and Optimization.

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