• Title/Summary/Keyword: Incident Shock

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Study on the Forecasting and Effecting Factor of BDI by VECM (VECM에 의한 BDI 예측과 영향요인에 관한 실증연구)

  • Lee, Sung-Yhun;Ahn, Ki-Myung
    • Journal of Navigation and Port Research
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    • v.42 no.6
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    • pp.546-554
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    • 2018
  • The Bulk market, unlike the line market, is characterized by stiff competition where certain ship or freight owners have no influence on freight rates. However, freights are subject to macroeconomic variables and economic external shock which should be considered in determining management or chartering decisions. According to the results analyzed by use of ARIMA Inventiom model, the impact of the financial crisis was found to have a very strong bearing on the BDI index. First, according to the results of the VEC model, the libor rate affects the BDI index negatively (-) while exchange rate affects the BDI index by positively (+). Secondly, according to the results of the VEC model's J ohanson test, the order ship volume affects the BDI index by negatively (-) while China's economic growth rate affects the BDI index by positively (+). This shows that the shipping company has moved away from the simple carrier and responded appropriately to changes in macroeconomic variables (economic fluctuations, interest rates and exchange rates). It is believed that the shipping companies should be more aggressive in its "trading" management strategy in order to prevent any unfortunate situation such as the Hanjin Shipping incident.

Numerical Simulation of Wave Pressure Acting on Caisson and Wave Characteristics near Tip of Composite Breakwater (for One Directional Irregular Waves) (혼성방파제 케이슨에 작용하는 파압과 선단 주변에서 파랑특성에 관한 수치모의(일방향불규칙파에 대해))

  • Jun, Jae-Hyoung;Choi, Goon-Ho;Lee, Kwang-Ho;Kim, Do-Sam
    • Journal of Korean Society of Coastal and Ocean Engineers
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    • v.32 no.6
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    • pp.531-552
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    • 2020
  • In the previous study, both the wave characteristics at the tip of composite breakwater and on caisson were investigated by applying olaFlow numerical model of three-dimensional regular waves. In this paper, the same numerical model and layout/shape of composite breakwater as applied the previous study under the action of one directional irregular waves were used to analyze two and three-dimensional spatial change of wave force including the impulsive breaking wave pressure applied to trunk of breakwater, the effect of rear region, and the occurrence of diffracted waves at the tip of caisson located on the high crested rubble mound. In addition, the frequency spectrum, mean significant wave height, mean horizontal velocity, and mean turbulent kinetic energy through the numerical analysis were studied. In conclusion, the larger wave pressure occurs at the front wall of caisson around the still water level than the original design conditions when it generates the shock-crushing wave pressure in three-dimensional analysis condition. Which was not occurred by two-dimensional analysis. Furthermore, it was confirmed that the wave pressure distribution at the caisson changes along the length of breakwater when the same significant incident wave was applied to the caisson. Although there is difference in magnitude, but its variation shows the similar tendency with the case of previous study.

Optimal Mesh Size in Three-Dimensional Arbitrary Lagrangian-Eulerian Method of Free-air Explosions (3차원 Arbitrary Lagrangian-Eulerian 기법을 사용한 자유 대기 중 폭발 해석의 최적 격자망 크기 산정)

  • Yena Lee;Tae Hee Lee;Dawon Park;Youngjun Choi;Jung-Wuk Hong
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.36 no.6
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    • pp.355-364
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    • 2023
  • The arbitrary Lagrangian-Eulerian (ALE) method has been extensively researched owing to its capability to accurately predict the propagation of blast shock waves. Although the use of the ALE method for dynamic analysis can produce unreliable results depending on the mesh size of the finite element, few studies have explored the relationship between the mesh size for the air domain and the accuracy of numerical analysis. In this study, we propose a procedure to calculate the optimal mesh size based on the mean squared error between the maximum blast pressure values obtained from numerical simulations and experiments. Furthermore, we analyze the relationship between the weight of explosive material (TNT) and the optimal mesh size of the air domain. The findings from this study can contribute to estimating the optimal mesh size in blast simulations with various explosion weights and promote the development of advanced blast numerical analysis models.

"Liability of Air Carriers for Injuries Resulting from International Aviation Terrorism" (국제항공(國際航空)테러리즘으로 인한 여객손해(旅客損害)에 대한 운송인(運送人)의 책임(責任))

  • Choi, Wan-Sik
    • The Korean Journal of Air & Space Law and Policy
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    • v.1
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    • pp.47-85
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    • 1989
  • The Fundamental purpose of the Warsaw Convention was to establish uniform rules applicable to international air transportation. The emphasis on the benefits of uniformity was considered important in the beginning and continues to be important to the present. If the desire for uniformity is indeed the mortar which holds the Warsaw system together then it should be possible to agree on a worldwide liability limit. This liability limit would not be so unreasonable, that it would be impossible for nations to adhere to it. It would preclude any national supplemental compensation plan or Montreal Agreement type of requirement in any jurisdiction. The differentiation of liability limits by national requirement seems to be what is occurring. There is a plethora of mandated limits and Montreal Agreement type 'voluntary' limits. It is becoming difficult to find more than a few major States where an unmodified Warsaw Convention or Hague Protocol limitation is still in effect. If this is the real world in the 1980's, then let the treaty so reflect it. Upon reviewing the Warsaw Convention, its history and the several attempts to amend it, strengths become apparent. Hijackings of international flights have given rise to a number of lawsuits by passengers to recover damages for injuries suffered. This comment is concerned with the liability of an airline for injuries to its passengers resulting from aviation terrorism. In addition, analysis is focused on current airline security measures, particularly the pre-boarding screening system, and the duty of air carriers to prevent weapons from penetrating that system. An airline has a duty to exercise a high degree of care to protect its passengers from the threat of aviation terrorism. This duty would seemingly require the airline to exercise a high degree of care to prevent any passenger from smuggling a weapon or explosive device aboard its aircraft. In the case an unarmed hijacker who boards having no instrument in his possession with which to promote the hoax, a plaintiff-passenger would be hard-pressed to show that the airline was negligent in screening the hijacker prior to boarding. In light of the airline's duty to exercise a high degree of care to provide for the safety of all the passengers on board, an acquiescene to a hijacker's demands on the part of the air carrier could constitute a breach of duty only when it is clearly shown that the carrier's employees knew or plainly should have known that the hijacker was unarmed. A finding of willful misconduct on the part of an air carrier, which is a prerequisite to imposing unlimited liability, remains a question to be determined by a jury using the definition or standard of willful misconduct prevailing in the jurisdiction of the forum court. Through the willful misconduct provision of the Warsaw Convention, air carrier face the possibility of unlimited liability for failure to implement proper preventive precautions against terrorist. Courts, therefore, should broadly construe the willful misconduct provision of the Warsaw Convention in order to find unlimited liability for passenger injuries whenever air carrier security precautions are lacking. In this way, the courts can help ensure air carrier safety and prevention against terrorist attack. Air carriers, therefore, would have an incentive to increase, impose and maintain security precautions designed to thwart such potential terrorist attacks as in the case of Korean Air Lines Flight No.858 incident having a tremendous impact on the civil aviation community. The crash of a commercial airliner, with the attending tragic loss of life and massive destruction of property, always gives rise to shock and indignation. The general opinion is that the legal system could be sufficient, provided that the political will is there to use and apply it effectively. All agreed that the main responsibility for security has to be borne by the governments. I would like to remind all passengers that every discovery of the human spirit may be used for opposite ends; thus, aircraft can be used for air travel but also as targets of terrorism. A state that supports aviation terrorism is responsible for violation of International Aviation Law. Generally speaking, terrorism is a violation of international law. It violates the soverign rights of the states, and the human rights of the individuals. I think that aviation terrorism as becoming an ever more serious issue, has to be solved by internationally agreed and closely co-ordinated measures. We have to contribute more to the creation of a general consensus amongst all states about the need to combat the threat of aviation terrorism.

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