• Asia-Pacific Journal of Business
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• v.14 no.1
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• pp.439-451
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• 2023

Purpose - Market structure is crucial to identify as it defines the market states for new and existing container ports to perform within a given region. the study aims to compare the major ports in the Bay of Bengal in the context of Chittagong Port. Design/methodology/approach - For this study, the past 9 years of container volume data have been collected and analyzed through the HHI index, BCG matrix and shift effect analysis. Based on the analysis, this study has found that the Chittagong Port is in an oligopoly competitive market structure. Findings - The findings have shown that port in low market share and low growth in very recent years with the moderately concentrated ports HHI index. The shift effect analysis shows that the container volumes shifted from one port to another in the 2019 and 2020 periods. This study is the pioneer study in the Bay of Bengal region to identify the market structure, analyze market share and growth, and analyze the market concentration. Research implications or Originality - Future recommendations for the port authority is to take advantage of geolocation; attract international; tax exemption, faster clearance process, reduced waiting charges; increasing storage and technological machinery; promoting maritime logistics education; promoting Chittagong tourism; collaboration with other countries. Also, this study can be used as basic data for the establishment of a new supply chain between Korea and Southwest Asia for the Korean government and companies.

• Journal of Korea Port Economic Association
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• v.28 no.4
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• pp.257-274
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• 2012

Since service competition among global supply chains became intensified, market-oriented system, instead of the existing cost-based system, for port service pricing has been strongly recommended in order to enhance their long-term viability and competitiveness. The Owen value of cooperative game frameworks allows us to apply a market-oriented pricing theory for the port pricing in the case of Gwangyang port to verify its usefulness. The analytical results of this paper suggested some solutions in the problem of berth-based cost allocation by a characteristic function and also showed the proper relative weights of factors to derive the quay use index by Budescu(1993). We also suggested a favorable port pricing system to major shipping firms as well as a discount port pricing system for their strategic alliance. To put it differently, the results of this study enable the port managers to make out some strategic port pricing system like the reasonable discount in port charge for the larger ship owners using the ports frequently.

• Journal of Korea Port Economic Association
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• v.36 no.2
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• pp.53-62
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• 2020

The maritime and port logistics industry is closely related to global trade and economic activity, especially for Korea, which is highly dependent on trade. As the largest port in Korea, Busan Port processes 75% of the country's container cargo; the port is therefore extremely important in terms of the country's national competitiveness. Port container cargo volume forecasts influence port development and operation strategies, and therefore require a high level of accuracy. However, due to unexpected and sudden changes in the port and maritime transportation industry, it is difficult to increase the accuracy of container volume forecasting using existing time series models. Among deep learning models, this study uses the LSTM model to enhance the accuracy of container cargo volume forecasting for Busan Port. To evaluate the model's performance, the forecasting accuracies of the SARIMA and LSTM models are compared. The findings reveal that the forecasting accuracy of the LSTM model is higher than that of the SARIMA model, confirming that the forecasted figures fully reflect the actual measurement figures.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2022.06a
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• pp.204-206
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• 2022

The global economy and the air transport business have been affected since the spread of the COVID-19 pandemic. As countries tighten restrictions on international movements, the growing emphasis on air cargo puts pressure on airports to maintain and upgrade their cargo policies, facilities, and operations. Hence, ensuring the competitiveness of cargo airports becomes pivotal for airports survival under the volatile global demand. The study aims to evaluate the importance of the competitiveness factors for cargo airports and identify areas for further improvement. The study applies the Best-Worst Method (BWM) to assess the cargo airports' competitiveness factors: 'Transport Capacity,' 'Airport Operations and Facility Capacity,' 'Economic Growth,' 'Financial Performance,' and 'Airport Brand Value.' The selected airports include Heathrow Airport, Aéroport de Paris-Charles de Gaulle, Hong Kong International Airport, and Incheon International Airport. The results identify 'Transport Capacity' as the most significant competitiveness factor, and Hong Kong International Airport the best performing cargo airport. This research forms a reference framework for evaluating cargo airports' competitive position, which may help identify airports' relative strengths and weaknesses. Moreover, this framework can also serve as a tool facilitating the strategic design of airports that may accommodate both air cargo and passenger demand flexibly under the demand uncertainty.

• Journal of Korea Port Economic Association
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• v.27 no.4
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• pp.165-185
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• 2011

Transshipment traffic has significant meanings because it gives positive effects on increasing the container handling volumes in seaports, and revitalizes the regional and national development. Korean container port's transshipment traffic volumes, however, will slowly decrease due to the direct ships' calling into Chinese ports, which recently has a huge development plan. There are a lot of stress on forecasting the transshipment traffic volumes because the Korean container port development plans are designed based on this container traffic which consists of import and export traffic, and transshipment traffic. The transshipment traffic volumes are assumed to occupy 40% of total container traffic volumes. Despite of the importance of forecasting the transshipment traffic, a little studies are suggested using the concepts of the port competitiveness. In this respect, this study aims to estimate the Port Competitiveness Index and Transshipment traffic Volumes using the System Dynamics methodology. As a result, transshipment traffic volumes are predicted as: 20 million TEUs in Korea under the 4% annual increasing rates, 90 million TEUs in China under the 6% annual increasing rates, and 2.5 million TEUs in Japan under the 1% annual increasing rates respectively. The suggested results can be used to enhance the container port competitiveness and produce more transshipment traffic volumes.

• Journal of Korea Port Economic Association
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• v.30 no.1
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• pp.73-96
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• 2014

Competitiveness of container ports has been traditionally evaluated by capability of individual ports to provide services to customers or their service quality. However, since container ports are connected by container shipping networks to varying degrees, the status of the ports in liner shipping service networks also determines competitiveness of the ports. Sometimes same ports may play different roles in different forms of shipping networks. Shipping network connections that formulate in container ports therefore have more significant impact on their performance than service capabilities they have. This study aims to explore how the shipping and port network has been structured and changed in the past and to examine the network characteristics of ports using Social Network Analysis(SNA). In this SNA study, nodes in the network are the ports-of-call of the liner shipping services and links in the network are connections realized by vessel movements, such that the liner shipping networks determine the port networks. This study, therefore, investigates the liner shipping networks and through its results demonstrates the network characteristics of the ports that are represented by the four centrality indices. This provides port authorities and terminal operating companies with managerial implications to enhance competitiveness from customers' perspectives.

• Journal of Navigation and Port Research
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• v.40 no.5
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• pp.329-336
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• 2016

The overall purpose of this paper is to conduct research on alternatives for strengthening the competitiveness of a state-run shipping company, Vinalines Corporation, the largest shipping and maritime enterprise in Vietnam. The first section of the introduction gives a panoramic overview of the current development situation of the Vietnam maritime industry and Vinalines. After summarizing a literature review in section 2, some alternatives are proposed in sections 3 and 4 to overcome the current difficulties of Vinalines and to improve the corporation's competitiveness for sustainable development by utilizing linear optimization and financial analysis. The final section presents a summary and recommendation for future study. It is concluded that privatization is the key solution for every problem faced by the corporation at present. Furthermore, modification of laws, restructuring of enterprise governance, financial situation, and fleet are also extremely necessary.

• Journal of Navigation and Port Research
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• v.44 no.6
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• pp.564-570
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• 2020

In order to propose a realistic demand forecast for harbor pilots, define a direction for securing a supply of pilots for the betterment of national logistic services, and ensure the competitiveness of Korean ports, this study intended first to propose a new forecasting process for harbor pilot requirements through conducting analysis of determining factors affecting harbor pilot demand. Additionally, analyzing relevant previous studies allowed us to estimate the number of pilots required in the past and asses the studies limitations. Our second purpose was to propose a more stable allocation method among different pilot areas after forecasting the demand of harbor pilots until 2027 through application of the new forecasting process. From this application, the total number of pilots required was forecasted at 270, suggesting the total demand for harbor pilots will be increased by 7.57% compared with 251 pilots in 2018.

• Journal of Korea Port Economic Association
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• v.34 no.4
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• pp.191-208
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• 2018

This paper focuses on the integration aspect of operators to determine an improvement strategy for the operating system to enhance competitiveness of Busan Port. This Study proposes the following alternatives: valuation standards for the integration of operators, the road map for the integration period, the scope and role setting of integrated operators' participation of Busan Port Authority(BPA), and the separation and linkage North Port and the New Port operators. First, the valuation standards for operator integration should be based on international standards. Additionally quantitative factors such as financial situation, business performance and participating companies' profitability, and the qualitative factors such as management ability, technology, and labor relations should be considered. Second, the timing of North Port's operator integration should be prioritized in the short term in conjunction with the commencement of its phase 2-4, 2-5, and 2-6. The integration of New Port operators should provide a road map for a relatively long-term perspective. Third, the participation of BPA' integrated operators should be considered in terms of publicity as a policy coordinator between terminals and by pursuing the profitability of entering into overseas business by fostering Korean global terminal operators. The scope and role of participation ensures that the experience and technology of the terminal operation business is maximized. Fourth, because physically intergrating the North Port' operator into a single corporate form is difficult, initially establishing a special purpose company to maximize the effect of the integrated operation is necessary. Then, the operators decided to convert to a holding company given the termination of the lease term contract with the State or BPA, and ultimately proposed a merger into a single corporation.

• Journal of Korea Port Economic Association
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• v.31 no.4
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• pp.189-207
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• 2015

The purpose of this study is to examine the relationship between the network characteristics of ports and their performance that is represented by port competitiveness for the port operators. The study employs Social Network Analysis (SNA) to evaluate network characteristics comprising four centrality indices. For this research, data from Containerization International Yearbooks for 2006-2011 is used to analyze the service networks of 20 major liner shipping companies. In SNA, nodes (vertices) in the network are the ports and links (edges) in the network are connections realized by vessel movements, such that the liner shipping network determines the port network. In addition, panel regression analysis has been employed to investigate the relationship between port network characteristics and their performance. The results suggest that the four centrality indices identify the roles of the world's major ports from 2006 to 2011 and that port performance is determined not only by macroeconomic variables and service capabilities but also by the eigenvector centrality of ports in networks.