• Journal of the Korean Society of Marine Environment & Safety
• /
• v.23 no.4
• /
• pp.376-384
• /
• 2017

Ship's Bunkering Business is one of the essential businesses creating added values of the port as a hub for a stream of the international logistics. Regulatory considerations of ship's bunkering business should be made to create a more relevant system and stabilize the bunkering industry so that the ports may produce more substantial added values. This paper suggests revisions the Harbor Transport Business Act, the Marine Transport Act, putting forward an idea of unifying safety management systems, establishing a guideline for bunker quality managements, and changing the laws regarding any wrongdoings of bunker suppliers. In conclusion, in order to increase the managerial integrity of the bunkering operators, reasonable burdens should be distributed across the government, refinery companies and ship-owners to achieve a more balanced state and enable long-term development to advance the business at issue, following a step-by-step approach to amend the contract practice, the laws and the systems.

• Proceedings of KOSOMES biannual meeting
• /
• 2017.04a
• /
• pp.184-184
• /
• 2017

• Journal of the Korean Institute of Gas
• /
• v.21 no.1
• /
• pp.65-71
• /
• 2017

LNG is being spotlighted as a clean marine fuel because of recent trend in reinforcement of marine environmental regulation. In this paper, demand prospect of LNG bunkering for Ulsan port is carried out to analgize the possibility of commercialization of floating LNG bunkering terminal. Environmental analysis for LNG bunkering and LNG bunkering trends of competitive ports in the world are considered to draw out the prospection of LNG bunkering demand in Ulsan. As a result, car carrie and oil carrier were expected to have more possibility in switching to LNG fuelled ship. The LNG bunkering demand in Ulsan. As a result, car carrier and oil carrier were expected to have more possibility in switching to LNG fuelled ship. The LNG bunkering demand in Ulsan port was expected to be about from 650,000 ton to 900,000 ton in 2030 and Ulsan port is prospected to be a good port for FLBT business in th future.

• Journal of the Korean Institute of Gas
• /
• v.22 no.1
• /
• pp.37-44
• /
• 2018

As the international Maritime Organization is tightening up the emission regulation vessel, many countries and companies are pushing ahead the LNG fuel as one of long term solution for emission problems of ship. as a study on the way to conduct business for LNG bunkering around the world, this study was analyzed in view-point of business models focused on major countries such as Japan, China, Singapore, Europe and United States. The results of this study are as follows. China first established a nation-centered LNG bunkering policy. And then, the state and the energy company have been cooperating and carrying on LNG bunkering business for LNG fueled ships. Some countries in Europe and United States are in the process of LNG bunkering business mainly with private company. To obtain cheaper LNG fuel than bunker-C, the private company has a business model of LNG bunkering on their own LNG fueled ships, while securing LNG with high price competitiveness through partnership with middle class operators such us LNG terminal and natural gas liquefaction plant. Also, the LNG bunkering business around the world is focused on private companies rather than public corporations, but it was going to be focused on large energy companies because the initial cost required to build LNG bunkering infrastructure. Three models (TOTE model, Shell model, ENGIE model) of LNG bun kering business are currently being developed. It has been found that the way in which LNG bunkering business is implemented by different countries is applied differently according to the enterprise and national policy.

• Journal of Hydrogen and New Energy
• /
• v.35 no.4
• /
• pp.401-409
• /
• 2024

The maritime industry, responsible for 80% of global freight transport, heavily pollutes the environment through traditional fossil fuels. The International Maritime Organization aims to reduce sulfur and greenhouse gas emissions, but faces technical and financial challenges. Hydrogen fuel cells present a promising alternative with high efficiency and low emissions. This study examines the legal and regulatory frameworks needed for hydrogen bunkering across land, port, and sea. Key legislation includes the High-pressure Gas Safety Control Act, Hydrogen Economy Promotion and Hydrogen Safety Management Act, Harbor Act, Harbor Authority Act, Marine Transportation Act, and Harbor Transport Business Act. The study identifies overlapping regulations and proposes integrated solutions. The findings underscore the necessity of strict safety standards and legislative amendments to recognize hydrogen as a ship fuel. Establishing a comprehensive legal framework is essential for safe and efficient hydrogen bunkering. Continuous updates through international cooperation and standardized regulations are crucial for adopting hydrogen fuel cells, ensuring a sustainable and environmentally friendly maritime industry.

• Journal of Korea Port Economic Association
• /
• v.32 no.1
• /
• pp.123-133
• /
• 2016

LNG(Liquefied Natural Gas) bunkering has become an important issue with the enforcement of environment regulations in shipping industry required by the International Maritime Organization (IMO). With increased attention on LNG bunkering, many studies that focus on safety, regulation, demand forecasting, and the feasibility of LNG fueled ships have been carried out. However, most of the existing research has not included considerations of the price of LNG bunkering and its competitiveness. This paper, therefore, suggests ways to increase price competitiveness in the LNG bunkering market in the Busan Port. This paper analyzes the LNG bunkering supply mechanism by investigating various LNG bunkering terminal business in the LNG supply market. Factors that determine LNG bunkering price and its elasticity are also identified. Market players who want to operate LNG bunkering terminals in the Busan Port should introduce a merchandising trade method that is able to exclude the "Korea premium" in order to increase price competitiveness. This paper also suggests adoptable strategies such as the use of TPS (Terminal to Ship via Pipeline) type of bunkering service and the importance of location for minimizing initial investment cost.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2003.05a
• /
• pp.298-303
• /
• 2003

Due to the changes in market place, new business types(e.g. e-business) have been rapidly emerged and increased. However, those new business types have not much been emerged n shipping and port related industries, and adoption rate of e-business in this area is very low, compared to other industries. Thus, to promote e-business in this area. many policies have been studied. However, most of previous studies have not been based on industrial structure, and results of these studies have mostly been case by case. Further, there have been no research based on the related theories. As a result, despite many of research and project for shipping and port related e-business, prominent achievements in this area have never to be presented. For these reasons, it can be stated that, first of all, basic studies related to new business types in shipping and port are needed. For these reasons, it can be stated that, first of all, basic studies related to new business types in shipping and port are needed, and then, various policies based on results of those basic studies should be discussed. The aim of this study is to classify business types existed (or expected) in a port related industry, ship bunkering. This taxonomy was based on theories related to business layer(BL) and value chain(VC), and these BL and VC combination enabled to acquire all possible business types.

• Journal of Navigation and Port Research
• /
• v.28 no.1
• /
• pp.51-58
• /
• 2004

Due to the changes in market place, new business types(e.g. e-business} have been rapidly emerged and increased. However, those new business types have not much been emerged in port and logistics related industries, and adoption rate of e-business in this area is very low, compared to other industries. Thus, to promote e-business in this area, many policies have been studied. However, most of previous studies have not been based on industrial structure, and results of these studies have mostly been case by case. Further, there have been no research based on the related theories. As a result, despite many of research and project for shipping and port related e-business, prominent achievements in this area have never to be presented. For these reasons, it am be stated that, first of all, basic studies related to new business types in shipping and port are needed, and then, various policies based on results of those basic studies should be discussed. The aim of this study is to classify business types existed (or expected) in a port related industry, ship bunkering. This taxonomy was based on theories related to business layer(BL) and value chain(VC), and these BL and VC combination enabled to acquire all possible business types.