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http://dx.doi.org/10.7837/kosomes.2020.26.5.483

A Study on the Industrial Competitiveness of Ballast Water Management System in Compliance with the International Maritime Organization Ballast Water Management Convention in Korea  

Park, Han-Seon (Department of Maritime Safety, Maritime Industry & Logistics Division, Korea Maritime Institute)
Kim, Bo-Ram (Department of Maritime Safety, Maritime Industry & Logistics Division, Korea Maritime Institute)
Lee, Jeong-Seok (Division for social Environment, Korea Environment Institute)
Chung, Haeng-Un (Division for social Environment, Korea Environment Institute)
Publication Information
Journal of the Korean Society of Marine Environment & Safety / v.26, no.5, 2020 , pp. 483-492 More about this Journal
Abstract
In this study, we compared and analyzed the Revealed Comparative Advantage (RCA) and Trade Specialization Index (TSI) based on ballast water management systems (BWMS) trade data, which are related to the International Maritime Organization (IMO) Ballast Water Management Convention to suggest the current status of Korea's industrial competitiveness and suggest future development directions for the BWMS industry. As international interest in eco-friendly vessels is expanding, the IMO is engaged in dramatic discussions and agreement-making related to marine emissions of pollutants from ships. IMO member states that must implement this convention are striving to develop technology and secure industrial competitiveness as major industries in the eco-friendly shipping sector, with the BWMS industry experiencing a high market entry barrier and the possibility of the leading market entrants gaining leadership. The Republic of Korea accounts for 17 (approximately 38 %) of the 45 BWMS that received final approval as of October 2019. Based on trade data relating to product codes HS842219, HS84212, and HS89, the RCA index and TSI were calculated and compared. The findings revealed that the Republic of Korea has relative inferiority compared to countries such as Germany and Denmark. Despite this, Korea's favorable industrial environment, which includes several IMO-approved BWMS technologies and the possession of domestic certification institutions, is likely to strengthen its competitiveness in the BWMS market.
Keywords
Maritime traffic environment; Ballast Water Management Convention; Ballast Water Management System; Revealed Comparative Advantage; Trade Specialization Index;
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