• Journal of the Korean Society of Fisheries and Ocean Technology
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• v.46 no.4
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• pp.487-494
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• 2010

In order to test the applicability of bunker-A in a diesel engine for small-fishing boat, the investigation of the engine performance and the exhaust emission was performed under various conditions of fuel property, intake air pressure and fuel temperature. It was also performed based on IMO NOx Technical code. At high load, the energy consumption rate of bunker-A was lower than that of diesel oil, and the characteristics of exhaust emission of bunker-A were similar to those, and NOx emission rates of both fuels satisfied the IMO NOx emission regulation limits. The energy consumption rate and characteristics of exhaust emission were improved as the intake air pressure was increased, but these were not improved remarkably as the temperature of bunker-A was heated. However, at low load the energy consumption rate, CO emission rate and HC emission rate of bunker-A were higher than those of diesel oil, but NOx emission rates of the fuels were about the same. In addition, at low load the energy consumption rate and CO emission rate of bunker-A were increased as the intake air pressure and the temperature were higher than normal conditions. Accordingly, it is thought that the use of bunker-A in a kind of test engine is possible at high load. On the other hand, it is thought that more research is needed to improve the combustion efficiency under low temperature and low load condition.

• Journal of Korea Port Economic Association
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• v.25 no.2
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• pp.231-246
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• 2009

The time charterer depends on speed and bunker consumption rate of time chartered vessel because it is related charterers' benefit. It is important role of stipulated speed and daily bunker consumption rate at the Time Charter Party, it is generated any dispute against speed and daily bunker consumption rate deficiency. The case of dispute is a restricted word of stipulated speed and daily bunker consumption rate at Charter Party as "about", "good weather or good weather day", "smooth water", "ocean current" and "without guarantee". It happens a dispute against speed and daily bunker consumption rate because it is not well-educated as a vessel operator regarding Time Charter Party interpretation.

• Journal of Korea Port Economic Association
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• v.33 no.1
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• pp.75-87
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• 2017

The purpose of this study is to utilize the system dynamics to carry out a medium and long-term forecasting analysis of the bunker price. In order to secure accurate bunker price forecast, a quantitative analysis was established based on the casual loop diagram between various variables that affects bunker price. Based on various configuration variables such as crude oil price which affects crude oil consumption & production, GDP and exchange rate which influences economic changes and freight rate which is decided by supply and demand in shipping and logistic market were used in accordance with System Dynamics to forecast bunker price and then objectivity was verified through MAPEs. Based on the result of this study, bunker price is expected to rise until 2029 compared to 2016 but it will not be near the surge sighted in 2012. This study holds value in two ways. First, it supports shipping companies to efficiently manage its fleet, offering comprehensive bunker price risk management by presenting structural relationship between various variables affecting bunker price. Second, rational result derived from bunker price forecast by utilizing dynamic casual loop between various variables.