• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2023.05a
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• pp.192-193
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• 2023

원격제어는 자율운항선박의 모든 수준(레벨 1 - 레벨 4)에 적용하기 위한 것으로, 자율운항선박을 원격지에서 감시하고 제어하기 위한 제반 기술과 시스템 및 방법을 의미한다. 최근 해운시장에서는 원격제어를 이용한 새로운 선박운영이 시도되고 있다. 이러한 원격제어에 관한 기술은 시기적으로 먼저 선점하는 중요하기 때문에 과학적인 연구 이전에 특허를 통해서 세계 우위의 기술 선점이 중요하다. 본 연구에서는 현재까지 국내에서 제안되거나 출원된 원격제어 관련 특허 동향을 분석한다. 이를 통해 시급히 개발되어야 할 기술 또는 시스템을 도출하고, 이러한 문제를 해결하기 위한 방안을 고찰하며, 향후 해결 방안을 모색하고자 한다. 본 연구는 세계적인 자율운항선박 관련 기술시장 선점에 기여할 것으로 고려된다. 아울러, 특허가 현재 출원 중인 내용은 본 논문에 기술하지 않고, 학술대회에서 설명할 예정이다.

• Journal of Korea Port Economic Association
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• v.29 no.2
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• pp.19-38
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• 2013

This paper explores the relationship between shipping firm's investment and debt-ratio characteristics. Using a panel of 41 shipping firms from 2006 to 2011, this study finds evidence that debt/asset ratio and leverage are negatively associated with firm's investment activities. This relationship shows that volume of debt and capital structure are critical decision factor on firm's investment and capital financing. In terms of financial expenses to sales, positive relationship is existed with firm's investment finding that financing cost is important to investment. The previous study of the firm's investment in other sector also shows a negative relationship with debit ratio. This study is also interested in the extent to which the firm's investment is affected by firm size because there is general agreement that smaller firms have less access to external capital markets. As results, smaller companies group have more positive relationship with factors related to financing cost such as financial expenses to sales and tax. On the other hand, bigger companies group shows the evidence that firm investment is positive relationship with asset size. The analysis corresponding to economic fluctuation shows that debit ratio is more sensitive to firm's investment during a recession. On the other hand, financial expenses to sales is more related to firm's investment during an economic boom.

• Journal of Korea Port Economic Association
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• v.39 no.1
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• pp.115-129
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• 2023

This study analyzed the risk spillover of BDI on shipping company stock prices through the Copula-CoVaR method based on daily data from January 4, 2010, to October 31, 2022. The main empirical analysis results and policy implications are as follows. First, copula results showed that there was a weak dependence between BDI and shipping company stock prices, and PAN, KOR, and YEN were selected as the most fitting model for dynamic Student-t copula, HMM was selected as the rotated Gumbel copula, and KSS was selected as the best model. Second, in the results of CoVaR, it was confirmed that the upside (downside) CoVaR was significantly different from the upside (downside) VaR in all shipping companies. This means that BDI has a significant risk spillover on shipping companies. In addition, as for the risk spillover, the downside risk is generally lower than the upside risk, so the downside and upside risk spillover were found to be asymmetrical. Therefore, policymakers should strengthen external risk supervision and establish differentiated policies suitable for domestic conditions to prevent systematic risks from BDI shocks. And investors should reflect external risks from BDI fluctuations in their investment decisions and construct optimal investment portfolios to avoid risks. On the other hand, investors propose that the investment portfolio should be adjusted in consideration of the asymmetric characteristics of up and down risks when making investment decisions.

• Journal of Korea Port Economic Association
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• v.39 no.4
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• pp.163-190
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• 2023

Recently, a framework crystallizing as Environmental, Social, and Governance(ESG) has been exerting significant influence not only on corporate investment and management philosophies but also on national policies. This ESG framework is becoming an essential requirement for all organizations. It has become an obligation at the corporate and national levels, particularly in the maritime, port, and logistics sectors. Anticipating that the adoption and utilization of the ESG framework will reach higher levels when it becomes a necessity, this study utilized data from international organizations such as the United Nations Conference on Trade and Development(UNCTAD), the World Bank, and the World Economic Forum to analyze the impact of the ESG framework on national economic performance through the maritime, port, and logistics sectors using Partial Least Squares Structural Equation Modeling(PLS-SEM). The analysis revealed that while the ESG framework did not have a direct impact on the national economy, it manifested substantial indirect effects through maritime, port, and logistics sectors. Therefore, in these sectors, the establishment of the ESG framework should be recognized not only as an expenditure and obligation but also as a crucial investment that positively influences the national economic performance. The study's findings are limited by the absence of data beyond 2019 due to the impact of COVID-19. Therefore, it is anticipated that more accurate current effects can be ascertained when newer data becomes available.

• The Korean Journal of Air & Space Law and Policy
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• v.32 no.1
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• pp.177-200
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• 2017

This writer have thus far reviewed the civil and criminal obligations of the directors of a parent company that sponsored financially troubled affiliates. What was discussed here applies to logistics companies in the same manner. Hanjin Shipping cannot expect its parent company, Korean Air to prop it up financially. If such financial aid is offered without any collateral, under Korean criminal law, the directors of the parent company bears the burden of civil and criminal responsibility. One way to get around this is to secure fairness in terms of the process and the content of aid. Fairness in terms of process refers to the board of directors making public all information and approving such aid. Fairness in terms of content refers to impartial transactions that block out any possibilities of the chairman of the corporate group acting in his private interest. In the case of Korean Air bailing out Hanjin, the meeting of board of directors were held five times and a thorough review was conducted on the risks involved in the loans being repaid or not. After the review, measures to guard against undesirable scenarios were established before finally deciding on bailing out Hanjin. As such, there are no issues. In terms of the fairness of content, too, there were practically no room for the majority shareholder or controlling shareholder to pocket profits at the expense of the company. This is because the continued aid offered to a financially troubled company (i.e. Hanjin Shipping) was a posing a burden to even the controlling shareholder. This writer argues that the concept of the interest of the entire corporate group needs to be recognized. That is, it must be recognized that the relationship of control and being controlled between parent company and affiliate company, or between affiliate companies serves a practical benefit to the ongoing concern and growth of the group and is therefore just. Moreover, the corporate group and its affiliates, as well as their directors and management must recognize that they have an obligation to prioritize the interests of the corporate group ahead of the interests of the company that they are directly associated with. As such, even if Korean Air offered a loan to Hanjin Shipping without collateral, the act cannot be treated as an offense to law, nor can the directors be accused of damages that they bear the responsibility of compensating under civil law.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2020.11a
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• pp.1-3
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• 2020

본 연구는 자율운항선박의 도입이 가시화 되고 있는 해운산업에서 선박의 자율화 수준에 따른 선원의 역할 변화와 해기사 자격에 대해 분석하고자 한다. 또한 여러 선행연구들을 중심으로 자율화 수준 2등급에서 적정한 승무 정원 유지를 위해 고려해야 되는 사항을 검토·분석하였다. 이를 통해 향후에 자율화 기술 발전에 따른 선박의 도입시 해기사의 배승과 역할에 대한 시사점을 제시하고자 한다.

• Journal of the Korea Society of Computer and Information
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• v.26 no.10
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• pp.179-184
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• 2021

In this paper, we propose the deep learning-based neural network model to predict bunker price. In the shipping industry, since fuel oil accounts for the largest portion of ship operation costs and its price is highly volatile, so companies can secure market competitiveness by making fuel oil purchasing decisions based on rational and scientific method. In this paper, short-term predictive analysis of HSFO 380CST in Singapore is conducted by using three recurrent neural network models like RNN, LSTM, and GRU. As a result, first, the forecasting performance of RNN models is better than LSTM and GRUs using long-term memory, and thus the predictive contribution of long-term information is low. Second, since the predictive performance of recurrent neural network models is superior to the previous studies using econometric models, it is confirmed that the recurrent neural network models should consider nonlinear properties of bunker price. The result of this paper will be helpful to improve the decision quality of bunker purchasing.

• Journal of Korea Port Economic Association
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• v.40 no.2
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• pp.107-118
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• 2024

There is broad agreement that emissions from the shipping sector play a large role in the global climate change debate. In theory, there is broad consensus that the industry must take decisive action to reduce greenhouse gas emissions and do its part to combat global warming. The United States has made great strides in addressing emissions from ships, but it is the IMO that plays a key role in shaping global standards for the shipping industry. In the case of Korea, legislation on emissions issues has been prepared, but there are still problems with administrative power. IMO's high-level vision and change, as seen above, requires intensive efforts from industry representatives and requires intensive measures from the government responsible for implementation. It is necessary to consider regulations and the position of the shipping market. However, out of consideration and respect for the urgent reality of global climate change, ship owners, operators and holding companies will need to take voluntary steps to reduce GHG emissions instead of waiting for a new regulatory framework.

• Journal of Navigation and Port Research
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• v.46 no.4
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• pp.375-384
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• 2022

The shipping industry is cyclically impacted by complex variables such as various economic indicators, social events, and supply and demand. The purpose of this study was to analyze the operating profit of 13 Korean liner companies over 30 years, including the financial crisis of the late 1990s, the global financial crisis of the late 2000s, and the COVID-19 global pandemic. This study was conducted to also identify factors that impacted the profit ratio of Korea's liner shipping companies according to economic conditions. It was divided into ocean-going and short-sea shipping, reflecting the characteristics of liner shipping companies, and was analyzed by hierarchical multiple regression analysis. The time series data are based on the Korean International Financial Reporting Standards (K-IFRS) and comprise seaborne trade volume, fleet evolution, and macroeconomic indicators. The outliers representing the economic downturn due to social events were separately analyzed. As a result of the analysis, the China Container Freight Index (CCFI) positively impacted ocean-going as well as short-sea liner shipping companies. However, the Korean container shipping volume only impacted ocean-going liners positively. Additionally, world and Korea's GDP, world seaborne trade volume, and fuel price are factored in the operating profit of short sea liner shipping. Also, the GDP growth rate of China, exchange rate, and interest rate did not significantly impact both groups. Notably, the operating profitability of Korea's liner shipping shows an exceptionally high rate during the recessions of 1998 and 2020. It is paradoxical, and not correlated with the classical economic indicators. Unlike other studies, this paper focused on the operating profit before financial expenses, considering the complexity as well as difficulty in forecasting the shipping cycle, and rendered conclusions using relatively long-term empirical analysis, including three economic shocks.

• Proceedings of the KOR-KST Conference
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• 1995.05b
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• pp.202-230
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• 1995

0 동북아지역 경제의 급속한 성장과 남북경제교류 활성화로 수송 부문의 발달이 중요성을 더해 가고 있슴 0 그러나 지금까지 남북철도 연결에 관한 논의는 통일 후의 방안 만 고려되었을 뿐, 통일 전 남북철도 연결을 목표로 하는 구체 적 전략이 부재하였고, 특히 해운과의 경쟁력 비교시 철도시스 템에 대한 이해부족이 지적됨 0 남북 및 대륙연결 최적 철도망을 구축하기 위해서는 다음과 같 은 접근 방안이 효과적임 - 남북 철도연결은 순수 경제적 관점에서, 민간기업이 주체가 되어, 중국철도 등을 중개자로 하여 사업을 추진 - 단계적이며 실용적 접근전략에 따라, 1단계로는 경의선 만을 연결하고, 여객취급을 배제하며, 컨테이너 수송만으로 시작하다가, 광물자원 수송 등 확대 - 초기에는 남북간 수송보다는 한국과 중국 . 러시아 간의 컨테 이너 통과수송 취급에 중점 (북한의 수송수입 강조) - 경의선을 따라 남북 군사분계선 근처에 각측의 경계역을 만들 고, 상대촉 파견관의 검색 및 언수에 따라 열차가 휴전선을 통과하여, 반대펀 경계역에 이르면 기관차 및 승무원을 교체 하며, 화차는 일정 기간 이내 되돌려주는 방식 채택으로 남북 철도 시스댐 차이에 따른 기술적 문제 해소 0 대륙철도의 이용은 동북아 권역내 수송에 중점을 두되, E ESCAP의 활동에 따라 TCR,TSR을 이 용한 유럽 및 중동으로 의 수송도 추진하며, 남북 철도연결 추진과 병행하여 열차페리의 도입에 의한 철도- 해운 복합수송 방식의 활성화를 적극 검토활 것이 필요함