• Journal of Advanced Marine Engineering and Technology
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• v.39 no.1
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• pp.1-7
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• 2015

The environmental regulations for CO2 emissions from the ship have been established recently, and fuel oil price has been increased continuously. In order to overcome these circumstances, Energy Saving Devices (ESDs) have been developed continuously to reduce the fuel oil consumption and improve the propulsive efficiency. This paper describes the trial performance of PBCF (Propeller Boss Cap Fins), SCHNEEKLUTH duct, Asymmetric rudder bulb and Mewis duct applied to handy-size bulk carriers. As a result, SCHNEEKLUTH duct is more effective than other energy saving devices at the reducing the fuel oil consumption and the improvement of the propulsive efficiency. In addition, it is confirmed that SCHNEEKLUTH duct is really effective in the vibration of the deck house. And the fuel oil consumption can also be reduced through main engine de-rating.

• Journal of Korea Port Economic Association
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• v.36 no.4
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• pp.17-30
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• 2020

In the shipping industry, it is essential to engage in the preemptive prediction of freight rate volatility through market monitoring. Considering that freight rates have already started to fall, the loss of shipping companies will soon be uncontrollable. Therefore, in this study, factors affecting the freight rates of bulk carriers, which have relatively large freight rate volatility as compared to container freight rates, were quantified and analyzed. In doing so, we intended to contribute to future shipping market monitoring. We performed an analysis using a vector error correction model and estimated the influence of six independent variables on the charter rates of bulk carriers by Handy Size, Supramax, Panamax, and Cape Size. The six independent variables included the bulk carrier fleet volume, iron ore traffic volume, ribo interest rate, bunker oil price, and Euro-Dollar exchange rate. The dependent variables were handy size (32,000 DWT) spot charter rates, Supramax 6 T/C average charter rates, Pana Max (75,000 DWT) spot charter, and Cape Size (170,000 DWT) spot charter. The study examined charter rates by size of bulk carriers, which was different from studies on existing specific types of ships or fares in oil tankers and chemical carriers other than bulk carriers. Findings revealed that influencing factors differed for each ship size. The Libo interest rate had a significant effect on all four ship types, and the iron ore traffic volume had a significant effect on three ship types. The Ribo rate showed a negative (-) relationship with Handy Size, Supramax, Panamax, and Cape Size. Iron ore traffic influenced three types of linearity, except for Panamax. The size of shipping companies differed depending on their characteristics. These findings are expected to contribute to the establishment of a management strategy for shipping companies by analyzing the factors influencing changes in the freight rates of charterers, which have a profound effect on the management performance of shipping companies.