The cross-correlation between the China Securities Index 300 (CSI 300) index futures and the spot markets based on high-frequency data is discussed in this paper. We empirically analyze the cross-correlation by using the multifractal detrended cross-correlation analysis (MF-DCCA), and...

A shipping line may have more than one itinerary to transport containers from origin to destination. Customers choose which itinerary to use or using other shipping lines’ itinerary. We use the logit model to formulate customer’s behavior. We find that, on one side, when the freight rates of...

This paper addresses the optimal toll design problem for the cordon-based congestion pricing scheme, where both a time-toll and a nonlinear distance-toll (i.e., joint distance and time toll) are levied for each network user’s trip in a pricing cordon. The users’ route choice behaviour is...

This paper examines the sailing speed of containerships and refueling of bunker in a liner shipping network while considering that the real speed may deviate from the planned one. It develops a mixed-integer nonlinear optimization model to minimize the total cost consisting of ship cost, bunker...

The speed-density or flow-density relationship has been considered as the foundation of traffic flow theory. Existing single-regime models calibrated by the least square method (LSM) could not fit the empirical data consistently well both in light-traffic/free-flow conditions and congested/jam...

Container liner shipping companies only partially alter their shipping networks to cope with the changing demand, rather than entirely redesign and change the network. In view of the practice, this paper proposes an optimal container liner shipping network alteration problem based on an...

We propose the problem of profit-based container assignment (P-CA), in which the container shipment demand is dependent on the freight rate, similar to the “elastic demand” in the literature on urban transportation networks. The problem involves determining the optimal freight rates, the...

This paper deals with a practical tramp ship routing problem while taking into account different bunker prices at different ports, which is called the joint tramp ship routing and bunkering (JSRB) problem. Given a set of cargoes to be transported and a set of ports with different bunker prices,...

This paper first calibrates the bunker consumption – sailing speed relation for container ships using historical operating data from a global liner shipping company. It proceeds to investigate the optimal sailing speed of container ships on each leg of each ship route in a liner shipping...