• Journal of Advanced Navigation Technology
• /
• v.20 no.6
• /
• pp.519-527
• /
• 2016

The present study is concept research on the operation cost management of shipping firms, especially considering technology for economical ship operation of existing ships in units of voyage. The factors that influence economical ship operation management were identified by analyzing the current status of the shipping industry, the development of economical ship operation technologies, technological requirements, and the cost factors of ship operation. Economical operation of existing ships, especially, the economical operation of the units of each voyage, may minimize fuel cost and port charges. This requires low-load streaming cruise control, ballast control, optimal trim, optimal routing, terminal work efficiency improvement, and ship energy management. Optimal routing and terminal work efficiency improvement manage the time saved. To determine the low-load streaming, cruise control, ballast control, optimal trim and ship energy management are meeting the recommendations.

• Journal of Korea Port Economic Association
• /
• v.36 no.4
• /
• pp.31-52
• /
• 2020

The increase in the number of ships entering and leaving the port and the creation of various cargo volumes can promote local economy and lead to regional development, attracting businesses, and influx of local residents. The port area of Dangjin consists of the limited cargo and most private docks, making it increasingly weak in meeting the local economic development and the expectations of local residents. Therefore, in order to promote regional development and revitalize the local economy, and to reduce the sense of alienation of local residents, it is necessary to make it easier to access and water to ports through the development of all areas of Eumseompo-gu, and to make active changes in the marine and port logistics environment. As seen through various cases of port development at home and abroad and the redevelopment of the ports at Gohyeon Port in Geoje, Dangjin Port should be able to quickly demonstrate the development of the Dangjin Port area and improve the quality of life for the residents of the metropolitan area. This is the time when the government's drive is highly requested.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2012.06a
• /
• pp.390-391
• /
• 2012

동절기 혹한으로 인해 내륙 수로가 결빙될 경우 수로 운항이 상당 기간 불가능해짐에 따라 경제적 손실이 발생하게 된다. 연안 해운이 주로 발달한 우리나라의 경우 동절기 결빙에 따른 선박 운항 장애에 관한 사례가 많지 않지만, 내륙 수로 운항의 비중이 높고 혹한기가 긴 북유럽과 미국 북부지역에서는 수로 결빙의 메카니즘 및 대처 방안에 대한 연구가 많이 이루어져 왔다. 본 논문에서는 지금까지 밝혀진 주요한 수로 결빙 메카니즘 및 해결 방안에 대하여 소개하였다.

• Journal of Navigation and Port Research
• /
• v.42 no.6
• /
• pp.546-554
• /
• 2018

The Bulk market, unlike the line market, is characterized by stiff competition where certain ship or freight owners have no influence on freight rates. However, freights are subject to macroeconomic variables and economic external shock which should be considered in determining management or chartering decisions. According to the results analyzed by use of ARIMA Inventiom model, the impact of the financial crisis was found to have a very strong bearing on the BDI index. First, according to the results of the VEC model, the libor rate affects the BDI index negatively (-) while exchange rate affects the BDI index by positively (+). Secondly, according to the results of the VEC model's J ohanson test, the order ship volume affects the BDI index by negatively (-) while China's economic growth rate affects the BDI index by positively (+). This shows that the shipping company has moved away from the simple carrier and responded appropriately to changes in macroeconomic variables (economic fluctuations, interest rates and exchange rates). It is believed that the shipping companies should be more aggressive in its "trading" management strategy in order to prevent any unfortunate situation such as the Hanjin Shipping incident.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2013.10a
• /
• pp.301-305
• /
• 2013

북한은 김정은 체제의 조기 안착과 장기적 안정성 확보를 위해 경제난을 해결하고자 개혁 개방정책으로 변화 시도가 기대됨에 따라 북한이 개혁 개방정책을 시도할 경우 해운항만의 개방에 맞춰 북한의 해상 교역에 필요한 항행 안전시설에 대한 현황과 문제점을 짚어보고 우리나라의 역할과 지원방안에 대한 검토.

• Proceedings of the Korean Society of Coastal and Ocean Engineers Conference
• /
• 1992.08a
• /
• pp.39-53
• /
• 1992

세계경제의 성장과 더불어 꾸준히 증가하는 해상물동량을 원활히 처리하기 위하여 정부에서는 항만시설 확충사업과 기존시설의 개량사업을 지속적으로 추진하고 있으나 국가재정의 한계로 항만시설에 대한 투자가 미흡하여 만성적인 하역능력 부족현상이 해소되지 못하고 있는 실정이다.(중략)

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.21 no.6
• /
• pp.712-720
• /
• 2015

The cabotage rule has been protecting the domestic industry from foreign competitions as a kind of trade barrier. In the United States, the shipbuilding industry has been maintained with the help of to the strict cabotage operations by reinforcing advantages for domestic crews and ships which are built in the U.S. For most countries, cabotage has been granted legitimacy in their coastal shipping by Low Carbon Transport in terms of economic and emergency reasons. The cabotage rule is required in the stable supply of the seafarers which rely on the legitimate maritime education. This study analyzes Korean cabotage system and the problems with regard to seafarers education. It is found that the resolution is set up the cabotage act such as Jones Act, U.S.

• Journal of Korea Port Economic Association
• /
• v.34 no.1
• /
• pp.99-110
• /
• 2018

This study empirically examines simple methodology to quantify the risk resulted from the uncertainty of bunker price and foreign exchange rate, which cause main resources of the cost in shipping industry during the periods between $1^{st}$ of January 2010 and $31^{st}$ of January 2018. To shed light on the risk measurement in cash flows we tested GBM(Geometric Brownian Motion) frameworks such as the model with conditional heteroskedasticity and jump diffusion process. The main contribution based on empirical results are summarized as following three: first, the risk analysis, which is dependent on a single variable such as freight yield, is extended to analyze the effects of multiple factors such as bunker price and exchange rate return volatility. Second, at the individual firm level, the need for risk management in bunker price and exchange rate is presented as cash flow. Finally, based on the scale of the risk presented by the analysis results, the shipping companies are required that there is a need to consider what is appropriate as a means of risk management.

• Journal of Korea Port Economic Association
• /
• v.22 no.3
• /
• pp.141-160
• /
• 2006

In order to obtain and maintain competitive advantage, under rapidly changing maritime environment, liners should make efforts to reinforce their logistics service capabilities. Most of all, for this, shipping lines should accurately recognize and evaluate their logistics service attributes. In the present research, various logistics service attributes for ocean carriers were selected from previous studies and the observed data for 6 main service attributes were collected through a questionnaire survey to 31 maritime experts. Moreover, shipping lines' relative logistics service capabilities were measured by an additional survey process. The comparative gravity between core evaluation factors were measured by AHP technique and the relative capability levels of 2 Korean liners and 5 foreign shipping companies were assessed by utilizing a fuzzy model. The empirical result presents that Korean liners are superior at customer service capability but inferior at freight rate competitiveness. This research shows that Korean liners are ranked at high position for overall logistics service capabilities and focusing on the differentiation strategy but not on the cost related strategy.

• Korea Trade Review
• /
• v.48 no.2
• /
• pp.27-43
• /
• 2023

The maritime industry is playing an increasingly vital part in global economic expansion. Specifically, the Baltic Dry Index is highly correlated with global commodity prices. Hence, the importance of BDI prediction research increases. But, since the global situation has become more volatile, it has become methodologically more difficult to predict the BDI accurately. This paper proposes an integrated machine-learning strategy for accurately forecasting BDI trends. This study combines the benefits of a convolutional neural network (CNN) and long short-term memory neural network (LSTM) for research on prediction. We collected daily BDI data for over 27 years for model fitting. The research findings indicate that CNN successfully extracts BDI data features. On this basis, LSTM predicts BDI accurately. Model R2 attains 94.7 percent. Our research offers a novel, machine-learning-integrated approach to the field of shipping economic indicators research. In addition, this study provides a foundation for risk management decision-making in the fields of shipping institutions and financial investment.