Liquefied Natural Gas Ship Route Planning

A Risk Analysis Approach

Taofeek Biobaku, Gino Lim, Jaeyoung Cho, Hamid Parsaei, Seonjin Kim

Research output: Contribution to journalArticle

1 Citation (Scopus)

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.

Original languageEnglish
Pages (from-to)1319-1326
Number of pages8
JournalProcedia Manufacturing
Volume3
DOIs
Publication statusPublished - 2015
Externally publishedYes

Fingerprint

Risk analysis
Liquefied natural gas
Ships
Planning
Terrorism
Liquefaction
Gasification
Industry

Keywords

  • Incidents
  • LNG vessel scheduling
  • Risk-based modeling

ASJC Scopus subject areas

  • Artificial Intelligence
  • Industrial and Manufacturing Engineering

Cite this

Liquefied Natural Gas Ship Route Planning : A Risk Analysis Approach. / Biobaku, Taofeek; Lim, Gino; Cho, Jaeyoung; Parsaei, Hamid; Kim, Seonjin.

In: Procedia Manufacturing, Vol. 3, 2015, p. 1319-1326.

Research output: Contribution to journalArticle

Biobaku, Taofeek ; Lim, Gino ; Cho, Jaeyoung ; Parsaei, Hamid ; Kim, Seonjin. / Liquefied Natural Gas Ship Route Planning : A Risk Analysis Approach. In: Procedia Manufacturing. 2015 ; Vol. 3. pp. 1319-1326.
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