IGSNRR OpenIR
Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes
Yu, Hongchu1,3; Fang, Zhixiang1,4; Lu, Feng2; Murray, Alan T.3; Zhang, Hengcai2; Peng, Peng2; Mei, Qiang5,6; Chen, Jinhai5,6
2019-03-01
Source PublicationAPPLIED ENERGY
ISSN0306-2619
Volume237Pages:390-403
Corresponding AuthorFang, Zhixiang(zxfang@whu.edu.cn)
AbstractUnderstanding maritime network structure and traffic flow changes is a challenging task that must incorporate economic, energy, geopolitics, maritime transportation, and network sciences. The reported research examines whether there are linkages between oil price fluctuations, maritime network structure and traffic flow changes, and investigates whether tanker maritime network structure and traffic flow changes are driven by oil price fluctuations. This is essential knowledge for developing strategies energy policies. To address this, a systems based approach is introduced to construct a maritime transportation network based on trajectory data. The maritime network structure and traffic flow changes are derived from monthly transport. Supporting methods were then used to reveal two-way linkages, long-term balance relationships and shock responses attributable to oil price fluctuations, the maritime network structure and traffic flow changes. Evidence suggests that there are different two-way linkages between oil price fluctuations, maritime network structure and traffic flow changes in oil import-dependent and export-dependent countries. International crude oil price fluctuations contribute to maritime network structure changes for many of the countries examined, and showed rapid growth peaks in the second or third month. Our results have important policy implications for national tanker transportation strategies within the context of oil price fluctuations, suggesting diversification of import origins and export destinations as well as adjustment of shipping mode to cope with the supply shocks caused by oil price fluctuations.
KeywordOil price Maritime network structure Traffic flow changes Automatic identification system Granger causality test Vector autoregressive method
DOI10.1016/j.apenergy.2019.01.011
WOS KeywordCRUDE-OIL ; STOCK-MARKET ; ECONOMIC-GROWTH ; COMPLEX NETWORK ; CO-MOVEMENT ; MODEL ; DYNAMICS ; CONNECTIVITY ; EVOLUTION ; FUTURES
Indexed BySCI
Language英语
Funding ProjectKey Project of the Chinese Academy of Sciences[ZDRW-ZS-2016-6-3] ; National Natural Science Foundation of China[41771473] ; National Natural Science Foundation of China[41231171] ; National Key Research and Development Program of China[2017YFC1405302] ; LIESMARS Special Research Funding
Funding OrganizationKey Project of the Chinese Academy of Sciences ; National Natural Science Foundation of China ; National Key Research and Development Program of China ; LIESMARS Special Research Funding
WOS Research AreaEnergy & Fuels ; Engineering
WOS SubjectEnergy & Fuels ; Engineering, Chemical
WOS IDWOS:000459845100033
PublisherELSEVIER SCI LTD
Citation statistics
Document Type期刊论文
Identifierhttp://ir.igsnrr.ac.cn/handle/311030/49184
Collection中国科学院地理科学与资源研究所
Corresponding AuthorFang, Zhixiang
Affiliation1.Wuhan Univ, State Key Lab Informat Engn Surveying Mapping & R, Wuhan 430079, Hubei, Peoples R China
2.Chinese Acad Sci, Inst Geog Sci & Nat Resources Res, State Key Lab Resources & Environm Informat Syst, Beijing 100101, Peoples R China
3.Univ Calif Santa Barbara, Dept Geog, Santa Barbara, CA 93106 USA
4.Minist Educ China, Engn Res Ctr Spatiotemporal Data Smart Acquisit &, Wuhan 430079, Hubei, Peoples R China
5.Jimei Univ, Nav Coll, Xiamen 361021, Fujian, Peoples R China
6.Nationallocal Joint Engn Res Ctr Marine Nav Aids, Xiamen 361021, Fujian, Peoples R China
Recommended Citation
GB/T 7714
Yu, Hongchu,Fang, Zhixiang,Lu, Feng,et al. Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes[J]. APPLIED ENERGY,2019,237:390-403.
APA Yu, Hongchu.,Fang, Zhixiang.,Lu, Feng.,Murray, Alan T..,Zhang, Hengcai.,...&Chen, Jinhai.(2019).Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes.APPLIED ENERGY,237,390-403.
MLA Yu, Hongchu,et al."Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes".APPLIED ENERGY 237(2019):390-403.
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