• Journal of the Society of Naval Architects of Korea
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• v.53 no.1
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• pp.45-53
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• 2016

The interaction between the hull of ship and free surface of water generates important loads during slamming motion. In the present study, the slamming load applied on the sectional surface of two-dimensional arbitrary bodies has been investigated under several falling velocities. This simulation has been done with the commercial CFD software ANSYS FLUENT^®. Through the conventional MARINTEK experiments for the benchmark of the simulation, we verified the impact pressure values between the experiments and simulation results. Two arbitrary ship bow section models, Panamax-like(with small convex bulb and flare) and Post panamax-like(with large convex bulb and flare) are also investigated. Simulation results show that a maximum impact pressure on the Post panama-like shape is higher than the Panamax-like shape. According to both a lump of water generated by arbitrary shape and various dead-rise angles of the shape, the pressure picks were enhanced in the simulation.

• Korea Trade Review
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• v.43 no.3
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• pp.125-145
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• 2018

The Baltic Shipping Exchange is reporting the Baltic Dry Index (BDI) which represents the average charter rate for bulk carriers transporting major cargoes such as iron ore, coal, grain, and so on. And the current BDI index is reflected in the proportion of capesize 40%, panamax 30% and spramax 30%. Like mentioned above, the capesize plays a major role among the various sizes of bulk carriers and this study is to analyze the influence of the factors influencing on charter rate of capesize carriers which transport iron ore and coal as the major cargoes. For this purpose, this study verified causality between variables using Vector Error Correction Model (VECM) and tried to derive a long-run equilibrium model between the dependent variable and independent variables. Regression analysis showed that every six independent variable has a significant effect on the capesize charter rate, even at the 1% level of significance. Charter rate decreases by 0.08% when capesize total fleet increases by 1%, charter rate increases by 0.04% when bunker oil price increases by 1%, and charter rate decreases by 0.01% when Yen/Dollar rate increases by 1%. And charter rate increases by 0.02% when global GDP increases by one unit (1%). In addition, the increase in cargo volume of iron ore and coal which are major transportation items of capesize carriers has also been shown to increase charter rates. Charter rate increases by 0.11% in case of 1% increase in iron ore cargo volume, and 0.09% in case of 1% increase in coal cargo volume. Although there have been some studies to analyze the influence of factors affecting the charterage of bulk carriers in the past, there have been few studies on the analysis of specific size vessels. At present moment when ship size is getting bigger, this study carried out research on capesize vessels, which are biggest among bulk carriers, and whose utilization is continuously increasing. This study is also expected to contribute to the establishment of trade policies for specific cargoes such as iron ore and coal.