• Journal of Korea Port Economic Association
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• v.26 no.4
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• pp.168-187
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• 2010

The mutual risk management in port is really important for operating the enterprise between container terminals who provide port service and shipping liners who use the port service. This study is performed to contribute to obtain the competitive power of domestic shipping and harbor industry by getting solution of mutual risk management which can make Win-Win strategy on each other as an alternative idea. We suggested two kinds of management models to promote common benefits between container terminals and shipping liners. It is necessary to push positive support and cooperation from government and belonging related organizations for activating the Gwangyang port. In this study, we presented the efficient method to manage mutual risks between container terminals and shipping liners.

• Journal of Korea Port Economic Association
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• v.28 no.3
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• pp.91-110
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• 2012

In the modern management literature, knowledge has been recognized as a new strategic resource enabling a firm to create its competitiveness. Shipping companies under fierce competitive structure need to pay attentions to the utility of knowledge management. A shipping firm may develop its unique service capability by classifying, sharing, and transferring the data, information and knowledge obtained from both inside and outside its global service network. The current study attempts to analyze influential relationships between liner shipping firms' knowledge management and service capabilities. In order to achieve this goal, this study designed a knowledge chain model measuring shipping companies' knowledge management levels and tested its validity and reliability based on a total of 80 replied questionnaires from national and foreign liners. The empirical result presents that supportive and primary activities composing a knowledge chain could exert significant positive influences on the enforcement of shipping service capabilities. This research shows that the utility of knowledge management is adoptable in the maritime industry, and recommends that shipping firms should recognize strategic importance of knowledge and actively pursue knowledge management at an entire firm level.

• Journal of Korea Port Economic Association
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• v.31 no.2
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• pp.23-40
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• 2015

This study measures how Korean shipping policies influence the expansion of the country's merchant fleet using system dynamics. It uses various indexes as factors influencing the gross tonnage of the Korean merchant fleet, such as the Baltic Dry Index, Howe Robinson Container Index, China Containerized Freight Index, and Worldscale Index, as well as the US dollar-Korean won exchange rate, world merchant fleet statistics, and the debt ratio of Korean shipping companies. After establishing the simulation model, the mean absolute percentage error is found to be less than 10%, confirming the accuracy of the model. Therefore, a sensitivity analysis is conducted to measure the influence of the selected shipping policies, including the gross tonnage of vessels registered under the Korean second registry system, loans of publicly owned financial institutions to shipping companies, ship investment fund, and the number of shipping companies participating in the tonnage tax scheme. The sensitivity analysis reveals that the influence of vessel tonnage and loans to shipping companies is the most significant, while that of the number of companies participating in the tonnage tax scheme is minimal.

• Journal of Korea Port Economic Association
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• v.35 no.1
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• pp.117-138
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• 2019

This paper examines Korea's top 30 authors, in the maritime transportation field to compare their world ranking. The analysis covers the affiliation of the authors and their articles published in 65 SSCI and SCI journals on maritime and transportation over a 16-year period (2000-2015). The following three indicators are used for ranking: number of papers; the weighted score that reflects the contribution of the authors; and the impact score, which considers the impact factor. The two most active two schools are Pusan National University and Inha University. Star players are deemed to have contributed greatly to boosting the ranking of their affiliated institution. The institutions that are located in a city that is a seaport show higher research outcomes. Because of the fall in the proportion of Korean papers in the total papers published globally on maritime transportation, the country's future rankings are likely to suffer.

• Journal of Korea Port Economic Association
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• v.39 no.4
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• pp.97-106
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• 2023

Most scholars and media viewed the cause of the bankruptcy of Hanjin Shipping, which once boasted the world's seventh largest company, as management failure or CEO risk. However, in this study, the cause of Hanjin Shipping's bankruptcy was considered to be the collective action of ship investment from a behavioral economics perspective, and it was pointed out that the Korean government's inflexible fleet expansion policy was the background for this collective action. In short, the cause of Hanjin Shipping's bankruptcy was the purchase of ships during the boom period, and the root cause of the purchase of ships during the boom period was pointed out as 'collective action in which one feels safe only by following the actions of others.' In addition, in order to achieve the goal of 'shipping competitiveness = fleet size' set by our government, a policy was implemented to encourage ship purchases during recessions and even boom times, and this policy signaled to the market that 'now is a good time to buy ships'. It can be pointed out that was given.

• Korea Petroleum Association Journal
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• no.9 s.139
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• pp.81-94
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• 1992

이 자료는 지난 8월 18일 서울프라자 호텔에서 열린 해운산업연구원 주최 국제심포지움에서 발표된 내용을 옮긴 것이다.

• Proceedings of the Korea Port Economic Association Conference
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• 2003.07a
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• pp.253-269
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• 2003

• Journal of Korea Port Economic Association
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• v.25 no.1
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• pp.223-248
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• 2009

The purpose of this empirical study is to examine and explore the relationships between three variables; shipping companies' service quality, customer satisfaction and customer loyalty. Special features of this study could be summarized as following. First, this is empirical study based on market research according to the definition of 'customer' as freight forwarders and actual exporter/importer together contrary to previous studies. Second, to evaluate shipping companies' service quality, 5 components of SERVPERF model was used. Third, to test correlations between 3 variables; service quality, customer satisfactions and customer loyalty, statistical analysis was used with tools of SPSSWIN ver 15.0 and AMOS ver 7.0. For effective study, many thesis have been obtained through literature survey. However, major results were compiled from directly structured questionnaire, which were collected from Korean import/ export companies and freight forwarders.

• Journal of Korea Port Economic Association
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• v.40 no.2
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• pp.91-105
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• 2024

The purpose of this study is to measure profit efficiency in the domestic shipping industry and to examine the factors determining that efficiency. Empirical results indicate that the shipping industry's short-term profits heavily depend on physical input factors, specifically capital stock. Notably, a 1% increase in capital stock leads to a 0.84% increase in short-term profits. In terms of secondary determinants, effective management of financial indicators representing stability, profitability, and growth can reduce profit inefficiency. Additionally, larger scale correlates with higher profit efficiency, indicating the need for expansion of water transportation companies. Given the rapid increase in profit efficiency in the ocean-going shipping industry since 2020, tailored support and investment are necessary.

• Journal of Korea Port Economic Association
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• v.39 no.4
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• pp.269-283
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• 2023

Based on daily data from January 4, 2016 to September 27, 2022, the impact of extreme movements of BDI on shipping companies' network connectivity was analyzed using CoVaR network connectivity. The main results and policy implications are as follows. First, according to the copula model results, the Student-t copula was selected as the most suitable model for COSCO, HMM, HRAG, MAERSK, and WAN. EVER was selected as a time-varying Gumbel copula, and YANG was selected as a time-varying rotated-Gumbel copula. Second, as a result of analysis using the TVP-VAR model, the linkage between shipping companies tended to increase when the BDI turned into an extreme risk state. In the comparison of net connectivity, the roles of COSCO and EVER changed. In addition, in the analysis of net pairwise connectivity, it was found that the change in the extreme risk state of BDI also affected the connectivity of shipping companies. In particular, EVER, WAN, and COSCO showed large changes. Taken together, the extreme fluctuations in BDI changed the role of Asian shipping companies, intensifying competition among shipping companies and strengthening risk delivery. It was confirmed that BDI has a great influence on the network connectivity of shipping companies and has an important influence on the stability of the stock market network. Therefore, the results of this study should consider not only the connectivity of shipping companies according to market conditions, but also the connectivity in extreme situations.