• 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 the Korea Institute of Information and Communication Engineering
• /
• v.23 no.10
• /
• pp.1298-1304
• /
• 2019

Since the 9·11 terror attack in 2001, the Maritime Logistics Security System has been strengthened and required X-ray image for every imported cargos from manufacturing countries to United States. For scanning cargos, the container inspection systems use high energy X-rays for examination of contents of a container to check the nuclear, explosive, dangerous and illegal materials. Nowadays, the X-ray cargo scanners are established and used by global technologies for inspection of suspected cargos in the customs agency but these technologies have not been localized and developed sufficiently. In this paper, we propose the X-ray array detector system which is a core component of the container scanning system. For implementation of X-ray array detector, the analog and digital signal processing units are fabricated with integrated hardware, FPGA logics and GUI software for real-time X-ray images. The implemented system is superior in terms of resolution and power consumption compared to the existing products currently used in ports.

• The Journal of shipping and logistics
• /
• v.27 no.1
• /
• pp.79-98
• /
• 2011

The volume of the world's container transportation has been increasing. To serve this transportation need, the size of the container carrier is getting larger. The global ports are required to deepen the waterways as well as to prepare infrastructure to serve these super-size container carriers. However, few ports around the world could meet the requirements. To solve these difficulties, the concept of the Mobile Harbor has been developed. An onboard Automatic Storage and Retrieval System(AS/RS) has been proposed for the B1 type Mobile Harbor to maximize the container throughput within the limited space of the Mobile Harbor. A scenario of operations and freight movements of the B1 type Mobile Harbor is prepared and the storage size of the B1 type Mobile Harbor through the computer simulation is estimated. The size of the Mobile Harbor and the size of the AS/RS has also been estimated. The optimized size of the Mobile Harbor could be proposed.

• Journal of Navigation and Port Research
• /
• v.38 no.3
• /
• pp.261-268
• /
• 2014

The route of Korea and China situates stable shipping market by the agreement on maritime transport between two countries. Epecially, the Car-ferry shipping market between Korea and China is growing up the world's largest markets in this situation. But, the rapid growth of markets have the possibility of imbalance between supply and demand. In addition that heavy competition can be arisen. The aim of this study is to analyze the ways to reinforce competitiveness of Car-ferry shipping companies(CFSCs) between Korea and China routes through suggesting importance weights of service factors. Firstly, evaluating service factors of CFSCs between Korea and China routes are selected by reviewing literatures and Delphi method. Secondly, importance weights of service factors are calculated using Fuzzy method. As a result, Shipper and CFSCs between Korea and China routes select 'agility of loading and unloading', 'agility of customs', and 'punctuality of transportation' as the most important factors. On the other hand, the two groups are shown the perception gaps on the factors such as 'reasonable shipping cost', 'voyage speed', 'multimodal transportation', and 'professionality of manpower'. The implication of this study is that Government of Korea and China Have to cooperate agreement for mutual drive towed trailer and customs to speedy transportation.

• Journal of Korea Port Economic Association
• /
• v.28 no.1
• /
• pp.229-261
• /
• 2012

Concerning the political situations of Korea, after the coming of MB Administration the blockades between South and North has been deepened. Because of stopping of the tourism of Diamond Mountain, the Cheonan ship accidents and the ** bombardment of Yeonpyung island, the situation of confrontation of South and North is enlarged. After the death of Kim Jong-il, on 17 Dec. 2011, the new situations are opened in North Korea(NK). On the basis of economic cooperation between South and North, various logistical cooperation of South and North has been progressed. On November of 2002, the 1st Shipping Cooperation Meeting of South and North, which may be a basis of Shipping Agreement has been discussed. And the railway between South and North has been connected. This study, screening the change of South and North conditions, analyzed the tasks and current conditions of South and North logistics based on economic cooperation, with the previous researches and data of South and North Korea. And it grouped and suggested future development directions and practical agenda, after considering the recent changes. Furthermore it proposed the medium-long term logistical system of Korea peninsula and future strategies and vision. To solve the confrontation situations the role of South Korea is more important.

• Journal of Korea Port Economic Association
• /
• v.26 no.4
• /
• pp.147-167
• /
• 2010

The purpose of this study is to analyze the components and verify the relationship among service quality, customer satisfaction and relationship quality in liner shipping company. In order to achieve the purpose of this study, literature survey related to service quality, customer satisfaction, relationship quality was carried out and took an empirical analysis by the use of questionnaire method for employees in international freight forwarders. The final results are as follows; First, correlations between service quality and customer satisfaction are found to be positive. But service quality component of tangibles and responsiveness with customer satisfaction are not to be positive. Second, as the other study on the similar logistics industries, the correlation between customer satisfaction and relationship quality is found to be positive in this study.

• Journal of Korea Port Economic Association
• /
• v.32 no.1
• /
• pp.1-16
• /
• 2016

In this study, we explore the characteristics of directors' network structure and investigate the relationship among the network of board directors in the Korean logistics industry. Social network analysis reveals hidden patterns of the interlocking directors' network. We construct a directors' network index using social network analysis of the Korean logistics industry. Empirical results have showed that of the 23 companies analyzed, the network index of Korean Air is the highest. The interlocking network index of Korean Air, Hanjin and Hanjin Logistics Company is 0.4, 0.32 and 0.24 respectively. Korean Air has a strong central interlocking network that can create social power through the logistics industry. Our paper contributes to the broad literature in two ways. First, unlike the existing literature on director structure, this paper concentrates on the relationship among interlocking directors. Second, logistics firms need to be aware of the importance of networks and recognize the occurrence of power.

• Journal of Navigation and Port Research
• /
• v.44 no.6
• /
• pp.541-549
• /
• 2020

This study conducts differential analysis on the financial positions of Korean shipping companies before and after the bankruptcy of the H carrier, looking specifically at their financial ratios, profit and loss patterns, and other factors related to their financial operation. Firstly, it was discovered that major measures of financial health, such as average assets per carrier, were not affected by the bankruptcy of the H carrier. However, despite this, most carriers experienced large changes in profits and losses, with total sales and shipping revenues averaging 424.5 billion won and 381.7 billion won respectively before the bankruptcy, but falling by half to 252.1 billion won and 234.6 billion won after the bankruptcy. Additionally, charter revenues and expenses also dropped by more than half. EBIT/sales and pre-tax revenue margins were also heavily affected after the bankruptcy, with both figures averaging 8% and 3% respectively before the bankruptcy, but falling into the negative range at -2% and -8% post-bankruptcy, resulting in significant deterioration in operational profitability. The study concludes that there is an urgent need to establish a global sales network, improve cost structures, and consistently secure stable cargo in order to increase Korean carriers' profitability. Of all financial measures, liquidity and total asset efficiency were identified as the most severely-impacted by the H carrier bankruptcy, thereby requiring the most pressing policy addressing.

• Journal of Korea Port Economic Association
• /
• v.37 no.4
• /
• pp.13-31
• /
• 2021

Since the signing of the Korea-Europe Free Trade Agreement, the volume of trade transactions between South Korea and Europe has increased. The traditional single-mode transport system has been transformed into an intermodal transport system using two or more modes of transport. In addition, the conventional sea and air transport routes have been restricted, leading to a decline in Korean exports to Europe, and the rail transport mode is becoming mainstream in the market due to the influence of COVID-19. This paper focuses on the China-Railway Express to explore a new intermodal transport route from Korea to Europe. First, the fuzzy analytic hierarchy process (AHP) is used to evaluate the factor weights when selecting intermodal transport routes from Korea to Europe. Then, the TOPSIS (Technique for Order of Preference by Similarity to Ideal Solution) method is used to rank three alternatives. The results show that among the four factors (total cost, total time, transportation capability, and service reliability), the total cost is the most significant factor, followed by the total time, service reliability, and transportation capability. Furthermore, the alternative route 1 (Incheon-Dalian-Manchuria-Hamburg) is preferred.

• Journal of Korea Port Economic Association
• /
• v.38 no.1
• /
• pp.31-47
• /
• 2022

While the ship finance industry has long been struggling with diminishing involvements from the private sector, government-run banks have consistently increased their presence in maritime finance. To address such concerns, this research conceptually explores the creation of blockchain technology-driven security token offering (STO) platforms. To suggest a sound platform model, this piece first examines key design principles. Based on the integral perspective on the digital platform, this paper exhibits three core design principles to create a virtuous platform ecosystem, then sets out STO platform design guidelines. This paper further explores an STO platform model by considering conventional ship finance systems and practices in Korea. The STO platform has three main effects; 1) the wider availability of STOs can enlarge both the scope and size of ship finance users, 2) the activation of security token transactions leads to an increase in participation, and 3) possibilities to create complementary innovative financial services can further encourage the participation of private investors. The STO ecosystem may contribute to the shipping, shipbuilding, and ship finance industries by enhancing its attractiveness to the general public and by creating positive externalities for Busan as a maritime finance center.