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Optimizing Empty Container Movements in Maritime Industry: a Simulation-based Approach Amidst Geopolitical Challenges

Year: 2024

Type: conference-paper

Abstract: The maritime industry, responsible for over 90% of global trade, faces significant challenges in managing empty containers due to global trade imbalances. The management of these containers has become a critical focus within the industry, with the need for strategic repositioning plans to reduce dwell times and storage costs. The rise of nationalist movements, such as the Houthi rebel group’s attacks on commercial ships, has further complicated this issue, disrupting supply chains and increasing transportation costs. This study explores the current barriers and challenges in managing empty container movements and presents methods, models, and applications to address these issues. It also discusses the impact of geopolitical events on the maritime industry and the implications for empty container transport. The research employs a hybrid approach, combining qualitative and quantitative methods, and utilizes advanced mathematical and computational simulation methods to model the return of empty containers to Asia. The results demonstrate the significant impact of different repositioning strategies on container utilization, company profit, and container turnover, highlighting the importance of strategic management in the maritime industry.

Source: International Forum "Safety for the Future"

DOI: 10.70995/tyda9701

Authors: Tomaz Kramberger, Alaa Abdelshafie, Bojan Rupnik

Institutions: University of Maribor, Arab Academy for Science, Technology, and Maritime Transport

Language: English

Topic: Maritime Ports and Logistics

Subfield: Industrial and Manufacturing Engineering

Field: Engineering

Domain: Physical Sciences

SDG: Industry, innovation and infrastructure

Open Access status: bronze

OpenAlex ID: W4405176406