Ghosh, Sugoutam; Lee, Loo Hay; Ng, Szu Hui - In: European Journal of Operational Research 244 (2015) 3, pp. 792-802
As bunker fuel cost constitutes a major portion of the shipping liners’ operating cost, it is imperative for them to minimize the bunkering cost to remain competitive. Service contract with a fuel supplier is a strategy they venture on to reduce this cost. Typically, liner operators enter into...