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http://dx.doi.org/10.5394/KINPR.2004.28.5.385

A Study on Shipper′s Strategic Shifts to Cope with Changing LNG Shipping Market′s Environment  

Lee, Seung (Tongyoung LNG Terminal Construction Office, Korea Gas Corporation)
Ahn, Ki-Myung (Division of Shipping Management, Korea Maritime University)
Kim, Hyun-Duk (Institute of International Maritime Affairs, Korea Maritime University)
Abstract
This paper describes not only the complexities of LNG business including shipping sector but also its own current environmental changes. Furthermore, system dynamics (VENSIM analysis) as a methodology is introduced to analyze the potential LNG shipping market in the future. As a result of the VENSIM analysis, potentiality of the spot LNG shipping market is systematically established in connection with embodiment of the spot LNG market. This paper suggests three methods, which are centered on newbuildings of ships, for the shippers to prepare for the spot LNG shipping market on the basis that maritime economics can make a direct contribution to the shippers' business decision-making.
Keywords
LNG Shipping Market; Spot Market; System Dynamics; VENSIM; Strategic Cope;
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