Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes

doi:10.1016/j.apenergy.2019.01.011

	Impact of oil price fluctuations on tanker maritime network structure and traffic flow changes
	Yu, Hongchu 1,3; Fang, Zhixiang 1,4; Lu, Feng 2; Murray, Alan T.3; Zhang, Hengcai 2; Peng, Peng 2; Mei, Qiang 5,6; Chen, Jinhai 5,6
刊名	APPLIED ENERGY
	2019-03-01
卷号	237 页码:390-403
关键词	Oil price Maritime network structure Traffic flow changes Automatic identification system Granger causality test Vector autoregressive method
ISSN号	0306-2619
DOI	10.1016/j.apenergy.2019.01.011
通讯作者	Fang, Zhixiang(zxfang@whu.edu.cn)
英文摘要	Understanding 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.
资助项目	Key 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
WOS关键词	CRUDE-OIL ; STOCK-MARKET ; ECONOMIC-GROWTH ; COMPLEX NETWORK ; CO-MOVEMENT ; MODEL ; DYNAMICS ; CONNECTIVITY ; EVOLUTION ; FUTURES
WOS研究方向	Energy & Fuels ; Engineering
语种	英语
出版者	ELSEVIER SCI LTD
WOS记录号	WOS:000459845100033
资助机构	Key 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
内容类型	期刊论文
源URL	[http://ir.igsnrr.ac.cn/handle/311030/49183]
专题	中国科学院地理科学与资源研究所
通讯作者	Fang, Zhixiang
作者单位	1.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
推荐引用方式 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.