Defining a conceptual model for high-speed vessels

Abstract

High-speed vessels offer the opportunity for faster and more frequent delivery of smaller quantities of goods over shorter sea crossings. This paper reviews the role of high-speed vessels in the context of the total supply chain based on Fisher's product categorisation model. A mode choice process is presented here within the context of supply chain transport strategies. The model relates mode choice to volume supply, product cost, shipping distance, frequency of service, transit time and product type. The paper concludes that where the flexibility is the market winner high-speed vessels are required whereas where cost is the market winner conventional ships will suffice.