Defining a conceptual model for high-speed vessels.

This paper reviews the role of high-speed vessels (HSVs) in the context of the total supply chain based on Fisher's product categorization model. A mode choice process is presented within a 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 flexibility is the market winner, HSVs are required, whereas where cost is the market winner, conventional ships will suffice.