• Journal of Navigation and Port Research
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• v.45 no.3
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• pp.173-180
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• 2021

Although accounting is one of the core fields of corporate management, few studies have reported accounting phenomena involving shipping companies. In addition, although financial reporting is very important to shipping companies that use several financial tools such as ship finance and financial lease, it is difficult to identify studies investigating shipping companies' financial reporting, especially their earnings management. The purpose of this study is to analyze accrual earnings management behavior of shipping companies. Companies with high debt ratios and net losses are known to have incentives for earnings management. Due to the nature of the industry, shipping companies have a high debt ratio and often report net losses. Accordingly, shipping companies are expected to engage in substantial earnings management. Based on the analysis of KOSP I companies listed on the Korea Exchange from 2001 to 2020, it was found that shipping companies are engaged in higher levels of earnings management than non-shipping companies. Discretionary accrual was used as a proxy variable for earnings management. Discretionary accrual was measured using the modified Jones model of Dechow et al. (1995) and the performance matched model of Kothari et al.(2005). In this study, significant results were derived by comparatively analyzing the earnings management practices, which is one of the major accounting behaviors of shipping and non-shipping companies. Stakeholders such as external auditors, investors, financial institutions, analysts, and government authorities need to be aware of the earnings management behavior of listed shipping companies during their external audit, financial analysis, and supervision. Finally, listed shipping companies must conduct stricter accounting based on accounting principles.

• Journal of Korea Port Economic Association
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• v.31 no.4
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• pp.133-150
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• 2015

This study estimates greenhouse and noxious gas emissions caused by cargo-handling equipment at the Port of Incheon in 2013 by applying the NONROAD Model (U.S. EPA). The port emitted 838.4 tons of NOx and 82,747 tons of CO2. The estimates are 2.4 times higher for NOx and 1.3 times higher for CO2 than those of the Port of Los Angeles. Emissions from general cargo-handling equipment are five times more than those from container cargo-handling equipment. Among the three ports comprising the Port of Incheon, the emissions at the North Port, which handles raw materials for industry are relatively higher than those at the other ports. Compared to the study conducted by Chang et al. (2013, 2014), this study finds that CO2 and NOx emissions per cargo-handling equipment are 10 times higher than the corresponding amounts per ship.

• Asian Journal of Atmospheric Environment
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• v.8 no.4
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• pp.212-224
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• 2014

There are several studies on the effects of emissions of highly reactive volatile organic compounds (HRVOC) from the industrial sources in the Houston-Galveston-Brazoria (HGB) area on the high ozone events during the Texas Air Quality Study (TexAQS) in summer of 2000. They showed that the modeled atmosphere lacked reactivity to produce the observed high ozone event and suggested "imputation" of HRVOC emissions from the base inventory. Byun et al. (2007b) showed the imputed inventory leads to too high ethylene concentrations compared to the measurements at the chemical super sites but still too little aloft compared to the NOAA aircraft. The paper suggested that the lack of reactivity in the modeled Houston atmosphere must be corrected by targeted, and sometimes of episodic, increase of HRVOC emissions from the large sources such as flares in the Houston Ship Channel (HSC) distributed into the deeper level of the boundary layer. We performed retrospective meteorological and air quality modeling to achieve better air quality prediction of ozone by comparison with various chemical and meteorological measurements during the Texas Air Quality Study periods in August-September 2006 (TexA QS-II). After identifying several shortcomings of the forecast meteorological simulations and emissions inputs, we prepared new retrospective meteorological simulations and updated emissions inputs. We utilized assimilated MM5 inputs to achieve better meteorological simulations (detailed description of MM5 assimilation can be found in F. Ngan et al., 2012) and used them in this study for air quality simulations. Using the better predicted meteorological results, we focused on the emissions uncertainty in order to capture high peak ozone which occasionally happens in the HGB area. We described how the ozone predictions are affected by emissions uncertainty in the air quality simulations utilizing different emission inventories and adjustments.

• Journal of Navigation and Port Research
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• v.31 no.5 s.121
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• pp.403-408
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• 2007

The purpose of this paper is to show a way for measuring the rankings of efficient seaports in Korea by using DEA(data envelopment analysis) and model suggested by Jahanshahloo et al(2006). Two inputs(birthing capacity, and cargo handling capacity) and three outputs(export cargo handling amount, import cargo handling amount, and number of ship calls), and one cross sectional data(2004) for 26 Korean seaports are considered for measuring the efficiencies. An empirical main result indicates that ranking order of efficient seaports are Okpo, Samcheok Ulsan, Daesan, Busan, Gohyun Ports. Samcheok Port is classified as the most strong efficient port among 16 general ports except 10 container ports. The Korean seaport authority can adopt the new measurement way introduced in this paper for measuring the exact ranking order of efficient seaports when it decides the development and investment to each efficient seaport.

• Journal of Korean Academy of Nursing
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• v.25 no.3
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• pp.549-561
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• 1995

This study was designed to identify the relation-ship of perceived social support on self-esteem and hopelessness in patients with chronic renal failure who are hemodialysis. The subjects of this study were the 50 patients who were registered in the hemodialysis department of the two hospitals. The data were collected using a questionnaire and The period of the data collection was from August 9 to 16, 1993. The instruments for this study were the perceived social support scale designed by Park Ji-Won, the self -esteem scale designed by Rosenberg and the hopelessness scale designed by Beck et al. The data were analyzed using frequencies, percentages, t-test, ANOVA, and .Pearson correlation coefficient. The results are summarized as follows ; 1. The degree of support according to the type of perceived social support ranged down in the fol-lowing order from high to low the mean emotion-al support 21.12, the mean informational support 19.58, the mean appraisal support 17.00, the mean material support 15.22, the man self-esteem was 32.00 and the mean hopelessness was 60.48. 2. Test for hypothesis ; Hypothesis 1, "The higher the level of perceived social support in patients on hemodialysis, the higher their level of self-esteem will be. " was not supported(r=.05, p=0.74). Hypothesis 2, "The higher the level of perceived social support in patients on hemodialysis, the lower their level of hopelessness will be. " was supported(r=-0.53, p=0.00). 3. The relations between general characteristics and the level of perceived social support, self-esteem, and hopelessness ; (1) The 'Gender'(P=0.04), 'Occupation'(P=0.04), 'Education'(P=0.00), 'Married state'(P=0.00) 'Duration of Hemodialysis'(P=0.00) and 'In-come'(P=0.00) of the subjects were related to perceived social support and showed a statistically significant difference. (2) No general characteristics of the subjects were related self-esteem in a statistically significant way. (3) The 'Education'(P=0.00) , 'Income'(P=0.00) of the subjects were related to hopelessness and showed a statistically significant difference. Thus, it is concluded that social support must be included in nursing interventions for patients with chronic renal failure on hemodialysis.

• Journal of the Society of Naval Architects of Korea
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• v.36 no.4
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• pp.116-127
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• 1999

Line heating is a method widely used in forming ship hull surface. From the viewpoint of mechanics it is large deformation thermal elasto-plastic problem of arbitrary shaped plate. Many researches have been carried out to resolve this problem. Especially, Jang et al.[1] proposed a simplified thermal elasto-plastic analysis method to predict effectively the deformation of plate due to line heating. In this paper, we improved the method of Jang et al.[1] by considering tension yielding in temperature decreasing stage and verified with experimental results. FEA program using MITC4 degenerated shell element was made to deal with elastic large deformation problem. The newly proposed method can be used in the simulation and control of forming hull surface for higher productivity with simplicity and efficiency.

• Korean Journal of Fisheries and Aquatic Sciences
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• v.45 no.1
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• pp.76-81
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• 2012

The feeding habits of daggertooth pike conger Muraenesox cinereus were studied using 380 specimens collected in the coastal waters off Goseong, Korea, from June to September, 2011. The M. cinereus ranged from 10.0-23.7 cm in anal length (AL). M. cinereus is a piscivore that consumes mainly fish. Engraulis japonicus was the preferred prey, but its diet also included small numbers of crabs, shrimps, cephalopods, and bivalves. The feeding strategy graphical method revealed that M. cinereus is a specialized feeder with a narrow niche width. All size classes of M. cinereus consumed fish and M. cinereus did not show significant ontogenetic changes in feeding habits. The diet overlap index between size classes was >0.96, indicating high diet similarities. The prey size increased significantly with M. cinereus size.

• Journal of Ocean Engineering and Technology
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• v.24 no.6
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• pp.23-29
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• 2010

Korean shipbuilding companies have sometimes carried out sea trials to measure a vessel's speed performance around the western channel of the Straits of Korea, where the flow fields are very complicated because of the effect of various flows such as sea, tidal, geostrophic, and wind-driven currents. Because these flows seem to present significant interference to a ship, the numerical reproduction of the flow-fields in the vicinity of the target sites could provide a better understanding of the sea environments while performing sea trials. In this study, we used the MEC ocean model to simulate the tidal currents around Tsushima Island and compared the simulated tidal amplitudes and currents with the measurements of Teague et al. (2001). The tidal amplitudes of the present simulation results agreed well with the observations. Based on the numerical simulation, the optimal direction and proper sites for a speed trial are described.

• Journal of Ocean Engineering and Technology
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• v.27 no.1
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• pp.67-73
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• 2013

This paper presents the results of a numerical study on the towing stability of barges. Towing simulations were carried out by using two different numerical models (MMG model and cross-flow model). Stability criteria are also suggested based on the analysis of the linearized governing equations for towed vessel motion. In order to validate the present numerical models, the experimental data of Yasukawa et al. (2006) were used. Simulations were conducted for single and double barges under constant towing speed and direction conditions. The time histories of the heading angle, yaw rate, and towline tension were compared between the numerical results and experiments. The effects of the towline length on the slewing frequency and maximum heading angle were also observed. In addition, a series of numerical simulations using variable hydrodynamic coefficients were performed to investigate the effects of the hydrodynamic forces on the towing stability.

• 한국해양학회지
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• v.6 no.2
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• pp.99-103
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• 1971

GEK observation had been done in Satsunan sea region (south western region of Kyushu, Japan), mixing sea region of Kuroshio, its count-current and water mass of Eastern China Sea in August 1968. The results are al follows: 1. Observed values by GEK are coincided well with that of ship's drift in the surface water of Kuroshio region. 2. Compared the observed values by GEK with that of dynamic calculation of 800 db, in the eastern area of the surveyed region occupied by Kuroshio water mass, they are coincided well. But not in the western area which is of mixing zone of the Eastern China Sea water mass, Kuroshio and its count-current, showing over 1 knot differences with calculated value are bigger than that of GEK observation.