• Journal of the Korean Society of Marine Environment & Safety
• /
• v.29 no.3
• /
• pp.288-295
• /
• 2023

The purpose of this study is to evaluate the feasibility of the new marine leisure ships. In order to achieve the research purpose, the cost and income were calculated based on the operating of other marine leisure ships, and the feasibility of the project was empirically analyzed. This study established a research model that applies the values derived by empirically analyzing ships with similar specifications, to the new marine leisure ships. We then calculated the cost-benefit analysis, net present value, and internal return, and evaluated the feasibility of the project based on this. As a result of the business feasibility analysis of investing in marine leisure ship, it was found that economic feasibility exists with a B/C of 1.042 and 1.049 for new and secondhand ships, respectively; however, considering the stability of the ship and the publicity and continuity of the business operation, it is recommended to invest in new ships compared to secondhand ships. The total benefit over the 10-year operating period using a social discount rate of 4.5% was evaluated to be about KRW 292.0 billion, which is higher than the total cost of KRW 256.6 billion. In conclusion, the profitability analysis showed that the B/C was 1.042, the NPV was KRW 193 billion, and the IRR was 2.1%, which indicates that profitability is weakly secured.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2022.11a
• /
• pp.300-301
• /
• 2022

In order to improve the accessibility to the island through marine leisure ships, it is necessary to evaluate objective business feasibility of the ship's operation. In this study, costs and income were estimated based on the operating expenses and freight standards of similar marine leisure ships in operation, and based on this, the feasibility of the project was empirically analyzed through B/C analysis, NPV, and IRR. In addition, sensitivity analysis was performed for various variables to understand the requirements for securing minimum economic feasibility. As a result of the study, in case of new building ship, the B/C ratio was estimated to be 1.042, NPV was estimated to be KRW 1.93 billion, and IRR was estimated to be 2.1% which means that profitability was secured.

• Journal of Korea Port Economic Association
• /
• v.39 no.1
• /
• pp.35-46
• /
• 2023

This study was conducted to evaluating the willingness to pay for marine leisure ships through a contingent valuation method that can estimate the value of non-market economy. The questionnaire adopted a double-bound dichotomous choice Model and the variables for evaluating the amount of willingness to pay consisted of demographic variables and respondent behavior variables, and related information verified through previous studies. As a result of collecting and analyzing a total of 309 questionnaires, the amount of willingness to pay for marine leisure ships was estimated to be 25,510 won. In addition, significant variables affecting the amount of willingness to pay were the experience of visiting the island, satisfaction with the introduction of new maritime transportation, and intention to revisit the island. Through this study, it can be used as a basis for evaluating the economic value of new maritime transportation by estimating the willingness to pay for marine leisure ships using the contingent valuation method.

• Journal of Navigation and Port Research
• /
• v.36 no.2
• /
• pp.131-140
• /
• 2012

Since 2000, S. Korea is building yachts through government supported localization, cooperation between industry and educational organizations, or partnerships with foreign firms but the yacht building has yet only accomplished trial manufactured ships and one-time production. Because of a lack of mass production, the industry assesses the domestic technical skills to an average 50~60% of developed countries and its market share is less than 1% in the world. In addition, domestic marine equipment is heavily depending on imports and the industry is experiencing shortage of technology and experts, small-sized companies, insufficient industry and educational organizations' cooperation networks, inadequate legislation and policies, deficient domestic market vitalization, and scarce international information. Thus, this study focuses on the alternative plans to strengthen competitiveness and to cope with problems in the southeast marine leisure equipment industry.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
• /
• 2022.06a
• /
• pp.209-210
• /
• 2022

For the growth of the marine leisure industry, it is necessary to estimate economic value to review appropriate profitability in advance for the opening of new routes for marine leisure ships. This study aims to analyze the willingness to pay for new marine leisure ships for users of Gyeonggi sea and estimate the economic value. To this end, the amount of willingness to pay was estimated using the conditional value measurement method, and significant factors affecting the payment of usage fees were analyzed. As a result of the study, the average willingness to pay was estimated at KRW 25,510, and it was found that the factors such as "island visit experience" and "satisfaction with means of transportation" had a significant effect on the willingness to pay.

• Journal of Digital Convergence
• /
• v.11 no.2
• /
• pp.407-412
• /
• 2013

The design trend of leisure boat has been developed through interrelation of maritime culture and ships. We studied the design trend of leisure boat of several countries with advanced maritime culture and proposed digital design process of electric boat exterior that could reflect sensibilities of Korean customers. The result could be useful to domestic small and medium-scale shipbuilders currently face global financial recession and new challenge to focus on development of eco-friendly leisure ships.

• Journal of the Ergonomics Society of Korea
• /
• v.29 no.4
• /
• pp.693-699
• /
• 2010

Korea has been took the top ranking in the global shipbuilding industry in terms of new orders, order backlogs and the volume of vessels for several years. However, the domestic small- and medium-scale shipbuilders currently face imminent threat from China and new challenge to focus on development of high value-added ships. So far, the marine leisure industry of Korea has been showed weak global competitiveness and there were few attempts to design and develop leisure boats and yachts. We describe the digital design process of leisure boat exterior that could reflect user's sensibilities and feelings of entire forms of the products. This design process contains stepwise sensibility evaluation via web and provides designers with various and fast feedbacks about their design outputs in each design stage.

• Journal of the Korean Society of Marine Environment & Safety
• /
• v.29 no.7
• /
• pp.836-842
• /
• 2023

Under the Welfare of Disabled Persons Act, the national qualification test allows disabled and non-disabled people to appear for the same test, and the deaf do not fall under the reason for disqualification from obtaining a license for power-driven water leisure crafts; therefore, even the deaf can obtain a license. During a risk of collision at sea, ships and power-driven water leisure crafts notify the other party of dangerous signals such as maneuvering and warning signals through sound signals to prevent accidents that may occur because surrounding ships are not visible. However, a method is required to prevent marine accidents that may occur when the deaf cannot hear danger signals through sounds from nearby ships or power-driven water leisure crafts during leisure activities owing to hearing impairment. A sound reception system is a device installed on a ship where missionary work is completely deposed to display the amplification of external sounds and the direction of sound reception on the screen. Through visual display of sound signals such as dangerous signals that cannot be heard owing to hearing impairment, improvement measures were proposed to prevent marine accidents that can occur owing to the inability of the deaf to check sound signals during leisure activities.

• Corrosion Science and Technology
• /
• v.10 no.4
• /
• pp.136-142
• /
• 2011

Al alloys have been used widely for commercial and military ships in most ocean countries since mid-1950s, and the value as light metal with high mechanical strength has been proven. As the safety and fuel efficiency of Al ships have improved, she can carry more freight, sail faster and travel longer distances. Furthermore, in the shipbuilding industry, Al alloys are applied as structural materials for ships to various areas including the deck of luxurious cruises, battleships and leisure ships. In addition, Al alloys are being spotlighted as environmental-friendly material as they can be recycled even after end of lifespan. However, Al alloys for ships must be carefully selected after considering corrosion resistance, endurance, strength, and weldability in sea water environment. Al alloys to satisfy these conditions are used widely include 5000 series Al-Mg alloy and 6000 series Al-Mg-Si alloy. Thus, this study selected and evaluated the cavitation characteristics of the 5000 series Al alloys that are used in hulls that directly contact seawater and the 6000 Al alloys that are used in the upper structures of ships. Results of cavitation test with time, weightloss and cavitation rate of 5456-H116 showed the smallest damage among 5052-O, 5456-H116 and 6061-T6.

• Journal of the Society of Naval Architects of Korea
• /
• v.47 no.4
• /
• pp.606-612
• /
• 2010

This study took advantage of NC processing technique in order to recreate design in development process of leisure boat based on the Korean boats and ships. CNC milling is an area which is concerned in automation process of boat production and needs sophisticated software, equipment and professionals to pilot it. The progress of manufacture begins when the surface model creation and simulation being done using CAD/CAM software. In this process, the needs such as 3D design, NC processing data, plug lamination and partition processing appear as detailed steps. The study completed these detailed steps and also the application example has been studied with presenting engineering potentialities.