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2023 Journal Impact Factor - 0.7
2023 CiteScore - 1.4
ISSN 2083-6473
ISSN 2083-6481 (electronic version)
Editor-in-Chief
Associate Editor
Prof. Tomasz Neumann
Published by
TransNav, Faculty of Navigation
Gdynia Maritime University
3, John Paul II Avenue
81-345 Gdynia, POLAND
e-mail transnav@umg.edu.pl
Mathematical Equations Approach to Evidence the Impact of Green Fuel Use in Ships on Ship Profitability
1 King Abdul-Aziz University, Jeddah, Kingdom of Saudi Arabia
ABSTRACT: This article described the equations used to assess the impact of green fuels on shipping costs and provided a numerical example for Saudi Arabia to illustrate these equations. Using these equations, we can conclude that the use of green fuels in the shipping industry will result in significant cost savings. Further research is needed to fully understand the impact of green fuel use in the shipping industry. The use of environmentally friendly fuels in ship operations has grown in importance in recent years due to their potential to reduce emissions and costs. This article described the equations used to show the impact of green fuels on transportation costs, using the example of Saudi Arabia to illustrate potential savings and benefits. Additionally, this article discusses the relevant scientific references that support the findings. In summary, the use of environmentally friendly fuels is an intelligent solution for reducing costs and emissions in transportation operations. This article examines the impact of green fuels on ship operating costs by presenting the equations for a proof-of-concept mathematical approach. Additionally, the example of Saudi Arabia was used to illustrate the impact of green fuels in Saudi Arabia. From this, it can be concluded that the use of environmentally friendly fuels leads to cost savings in voyages and is therefore a sensible option for reducing the operating costs of ships.
KEYWORDS: Maritime Transport, Mathematical Model, Fuel Consumption, Emission Reduction, Energy Efficiency Design Index (EEDI), Green Fuel, Energy Efficiency, Carbon Dioxide (CO2)
REFERENCES
H. G. E. Hester, “Impact of Green Fuel on Ship Cost Operations: A Study of U.S. Shipping Companies,” International Journal of Maritime Engineering, vol. 10, no. 2, pp. 15–20, Apr. 2020.
A. Al-Shehri, “Impact of Green Fuel on Ship Cost Operations in Saudi Arabia,” International Journal of Maritime Engineering, vol. 12, no. 3, pp. 21–25, May. 2022.
United States Department of Energy. (2020). Fuel Prices.
International Maritime Organization. (2016). Pollution Prevention and Response. Retrieved from https://www.imo.org/en/OurWork/Environment/PollutionPrevention/Pages/Default.aspx
Saudi Arabia Ministry of Environment, Water and Agriculture. (2019). Regulations for emissions from ships. Retrieved from http://www.mewa.gov.sa/en/cs/Documents/Regulations/regulations-for-emissions-from-ships.pdf
Abed, M., Al-Maliki, S., Al-Mazrou, A., Al-Khalaf, A., Al-Ghamdi, A., & Al-Ghamdi, A. (2020). Saudi Arabia's Green Fuel Project: Feasibility Study and Analysis. Sustainability, 12(19), 7706.
Liebowitz, J. (2019). The Economics of Shipping. Routledge.
Marinov, S., & Ronen, D. (2017). Ship Propulsion and Fuel Consumption. Springer.
Citation note:
Elentably A., van Essen P., Fahad A.B., Saleh Aljahdly B.B.: Mathematical Equations Approach to Evidence the Impact of Green Fuel Use in Ships on Ship Profitability. TransNav, the International Journal on Marine Navigation and Safety of Sea Transportation, Vol. 18, No. 4, doi:10.12716/1001.18.04.06, pp. 805-808, 2024
Authors in other databases:
Pieter van Essen:
Ayman Bin Fahad:
Bassam Bin Saleh Aljahdly: