Oil product tanker geography with emphasis on the Handysize segment RISTO LAULAJAINEN Laulajainen, Risto (2011). Oil product tanker geography with emphasis on the Handysize segment. Fennia 189: 1, pp. 1–19. Helsinki. ISSN 0015-0010. Novel movement data are used to chart worldwide mineral oil product ship- ments by Handysize (15,000–59,999 dwt) and larger (60,000+ dwt) tankers. The data are from 2004 which allows comparisons with earlier studies about crude oil shipments. Theory about ship movements and attached freight rates (RP Rule) gets indirect support. Non-existence of global data below the Handysize en- forces the use of fragmentary data from a refinery company and a world-class port. Both data sets are believed to be representative for the purposes used. Ex- port shipments of the refinery company reveal a linear non-logarithmic distance function for vessel classes in the 2,000–67,000 dwt range. The function is practi- cally identical with oil product exports from the said port. The thinking is then extended to larger vessel sizes and crude oil cargoes, the principle of fungibility. Keywords: distance function, fungibility, Handysize, novel data, oil product tankers Risto Laulajainen, Department of Human and Economic Geography, Gothen- burg Business and Law School (Handelshögskolan), PO Box 630, SE-405 30 Gothenburg, Sweden. E-mail:
[email protected] Introduction The idea’s realization remained uncertain for a long time because most product cargoes were This report is the final part of a tanker project that thought to be too small and local to rise wider in- was started in 2005 with crude oil tankers (Laula- terest.