• Title/Summary/Keyword: Maritime Trade

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On the Situation Analysis and Developing Plan for International Seaborne Trade among South Korea, North Korea and China

  • Lu, Dongqin;Park, Gyei-Kark
    • Journal of Korea Port Economic Association
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    • v.29 no.1
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    • pp.195-213
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    • 2013
  • Since 1990, North Korea's economic situation has drawn the international community's attention and became an important factor to analyze and judge the situation in North Korea, in the Korean Peninsula and even in the whole Northeast Asia. As North Korea's neighbors, Sino-Korean trade and Inter-Korean trade play an important role in North Korea's foreign trade. Based on situation analysis, the great connection and difference between Sino-Korean trade and Inter-Korean trade are given an introduction. Also by exploring reasons for Sino-Korean trade development, we can gather some insights for Inter-Korean trade development.

A study on the Relationship of Hub Ports' Transshipment and the Trade in East Asia: Focusing on Korean Ports

  • Shou, Jian Min;Lee, Su-Ho
    • Journal of Navigation and Port Research
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    • v.30 no.7
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    • pp.567-578
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    • 2006
  • This paper is a study of the relationships between trade and transshipment in Korea. Through the analysis of the data collected, a comprehensive model has been developed to analyze and predict relationships between trade and transshipment. By using analyses of port and trade evolution in Asia, the model identifies some important results. An application of the model to forecast developments in selected regions in China is also included in this paper. The paper provides a basis for shipping companies to decide on appropriate transshipment port strategies, and provides important theoretical references for Korean ports' development Supported by Shanghai leading Academic Discipline Project, project Number: T0602.

A study on the relationship of hub ports' transshipment and trade in East Asia: Focusing on Korean ports

  • Shou Jian Min;Lee Su-Ho
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2006.10a
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    • pp.21-36
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    • 2006
  • This paper is a study of the relationships between trade and transshipment in Korea. Through the analysis of the data collected, a comprehensive model has been developed to analyze and predict relationships between trade and transshipment. By using analyses of port and trade evolution in Asia, the model identifies some important results. An application of the model to forecast developments in selected regions in China is also included in this paper. The paper provides a basis for shipping companies to decide on appropriate transshipment port strategies, and provides important theoretical references for Korean ports' development Supported by Shanghai leading Academic Discipline Project, project Number: T0602.

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A Study on the Development Strategy of Tianjin Bonded Port in China (천진보세항구의 발전방안에 관한 연구)

  • HAN, Jia-Wei;SHIN, Han-Won;SONG, Xiao-Ming
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.6
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    • pp.1706-1714
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    • 2016
  • In the 21th century, with the development of the economic global progress, the competition is more stiff. During the fierce competition, 85% of the world's trade volume is root from the sea transportation, that means the harbor trade is becoming an important part in the world's trade. With the strong support of the Chinese national ministries, Tianjin Dongjiang Bonded Port Area had made a series of encouraging results and now becoming a positive mode of the chinese harbor trade port. In the meanwhile, the Dongjiang Bonded Port Area is also searching for the change and a better development. From this year, the Dongjiang Bonded Port Area is apply for the experimental unit to change from the Bonded Port Area to the Free Trade Zone. This paper focus on the Tianjin Dongjiang Bonded Port Area which is the largest port area in the northern part of China. The development progress of the Dongjiang Bonded Port Area is concerned and studied in the paper. This paper expected to research on the transformation progress from the Bonded Port Area to the Free Trade Zone, to find out appropriate ways for the blossom of the harbor trade and the bonded area.

Silk and Cotton Textiles, the Principal Maritime Trade Commodities of Ancient India

  • DAYALAN, Duraiswamy
    • Acta Via Serica
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    • v.6 no.2
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    • pp.91-116
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    • 2021
  • India has had a rich and diverse textile tradition since the 3rd millennium BCE. The origin of Indian textiles can be traced back to the Harappan period. Owing to the hot and humid climate in most parts of India, cotton has remained India's favourite choice of fabric for normal use. Thus, India is supposed to be the first nation to have grown, woven, and patterned cotton fabrics. Moreover, India is one of the leading cotton-growing countries in the world. The earliest occurrence of cotton thread in India is roughly datable to 4000 BCE and of dyed fabrics to about 2500 BCE. Large numbers of needles and spindle-whorls found in Harappa and other early historic sites in India reveal the prosperous state of textile production and its trade in the early period. The textile producers used a wide range of skills to process raw materials and make regionally idiosyncratic dyes, weaves, prints, and embroideries. Additionally, the silk from wild indigenous forms of silkworms was known in the Indian sub-continent roughly contemporary with the earliest clear archaeological evidence for silk in China. The analysis of thread fragments found inside a copper bangle and ornament from Harappa and steatite beads from Chanhu-daro, have yielded silk fibers dating to 2500-2000 BCE. Apart from other products, cotton and silk textiles were important export materials from India right from the Harappan period. Actually, the sea-borne trade had played an important role in the economic growth and prosperity of the Harappan civilization. Several ancient seaports in the entire coastline of India played a vital role in the maritime trade during the Harappan period and cotton and silk textiles of Indian origin have been found in various countries. The contemporary writings and epigraphy have also attested to the vast maritime trade network of India and the export of textile materials. The paper discusses in detail the origin and development of cotton and silk textile production in India through the ages and its role in maritime trade networks.

A Study on the Causal Relationship between Logistics Infrastructure and Economic Growth: Empirical Evidence in Korea

  • Wang, Chao;Kim, Yul-Seong;Wang, Chong;Kim, Chi Yeol
    • Journal of Korea Trade
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    • v.25 no.1
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    • pp.18-33
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    • 2021
  • Purpose - This paper investigates the causal relationship between logistics infrastructure development and the economic growth of Korea. Considering the industrial and economic structure of Korea, it is likely that logistics infrastructure is positively associated with the economic growth of the country. Design/methodology - The causal relationship between logistics infrastructure and economic development is estimated using Vector Autoregressive (VAR) and Vector Error Correction Model (VECM) considering long-run equilibrium between the two factors. To this end, a dataset consisting of 7 logistics infrastructure proxies and 5 economic growth indicators covering the period of 1990-2017 is used. Findings - It was found that causality, in general, runs from logistics infrastructure development to economic growth. Specifically, the results indicate that maritime transport is positively associated with the economic growth of Korea in terms of GDP and international trade. In addition, other modes of transport also have a positive impact on either the GDP or international trade of Korea. Originality/value - While existing studies in this area are based on either regional observations or a specific mode of transport, this study presents empirical evidence on causality between logistics infrastructure and the economic growth of Korea using a more comprehensive dataset. In addition, the findings in this paper can provide valuable implications for transport infrastructure development policies.

A Study on the Prediction of the World Seaborne Trade Volume through the Exponential Smoothing Method and Seemingly Unrelated Regression Model (지수평활법과 SUR 모형을 통한 세계 해상물동량 예측 연구)

  • Ahn, Young-Gyun
    • Korea Trade Review
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    • v.44 no.2
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    • pp.51-62
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    • 2019
  • This study predicts the future world seaborne trade volume with econometrics methods using 23-year time series data provided by Clarksons. For this purpose, this study uses simple regression analysis, exponential smoothing method and seemingly unrelated regression model (SUR Model). This study is meaningful in that it predicts worldwide total seaborne trade volume and seaborne traffic in four major items (container, bulk, crude oil, and LNG) from 2019 to 2023 as there are few prior studies that predict future seaborne traffic using recent data. It is expected that more useful references can be provided to trade related workers if the analysis period was increased and additional variables could be included in future studies.

Arbitrator Acceptability in International Maritime Arbitration: The Perspective of Korean Shipping Companies

  • Lee, Jae-Ho;Pak, Myong-Sop
    • Journal of Korea Trade
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    • v.24 no.5
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    • pp.18-34
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    • 2020
  • Purpose - In the international shipping industry, arbitration is mainly chosen for resolving maritime disputes. This study investigates the "acceptability" of an international maritime arbitrator based on an existing theoretical model of arbitrator acceptability. Design/methodology - Using structural equation modeling techniques, this study examines a sample of senior managers who engage in the judicial affairs of their international shipping companies to verify a hypothesized model of arbitrator acceptability that covers cultural intelligence, arbitral experience, reputation, practical/legal expertise, and procedural justice as independent variables. Furthermore, the relative "perceived required time" of arbitration is tested as a moderator. Findings - Arbitrator acceptability is significantly influenced by six constructs of arbitrator characteristics: cultural intelligence, arbitral experience, reputation, practical and legal expertise, and procedural justice. Furthermore, the moderating effect of the perceived required time of arbitration is demonstrated in the relationship between arbitrator acceptability and arbitrator characteristics even though these relationships are not equally influenced. Originality/value - The originality of this study can be found in its context, that is, international maritime arbitration. Despite the potential growth of international maritime arbitration, existing studies have mainly focused on domestic arbitration. The findings of this study are expected to provide useful guidelines for nurturing international maritime arbitration in Korea.

A Study on Maritime Trade between Korea, China and Japan in the CheongHaeJin of the 9th Century

  • Han, Nak-Hyun;Park, Myong-Sop;Kim, Byung-Jo
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.34
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    • pp.109-131
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    • 2007
  • This paper has focusing CheongHaeJin's maritime trading activities between Korea, China and Japan in the 9th century. In operation of CheongHaeJin which Chang BoGo was given a key role, CheongHaeJin creates three nation's wealth in triangular trade among Korea, China and Japan. And also, CheongHaeJin's contribution is considerable to the maritime trade development of Northeast Asia through establishing trading advance base in China and Japan, and organizing Shilla's people in China. Chang BoGo justified the control over small business groups of the west and south sea of Korea and the east and south sea of China by keeping pirates away His trade groups controlled foreign trade of three countries: Shilla, the Dang Dynasty of China and Japan. They connected Persia, India, Southeast Asia, and China. CheongHaeJin's key success factors of the maritime activities are summarized as follows; There is a possibility of searching that successful factor from the people of operator of CheongHaeJin. Based on oceanic adventurous spirit with character and progressive thinking could complete the rally of sea influence and composition of fleets. Secondly, the success factor is the excellent operational ability and leadership which learned in the Dang Dynasty of China. Thirdly, In 9th century, International political context was suitable for CheongHaeJin's construction and operation. Such political circumstances had given to CheongHaeJin remunerative position. Finally, Although central government could not maintain the sea traffic securities, Chang BoGo's ocean trading fleets guaranteed the safe fishing industry of people and security of sea traffic.

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The current situations and future directions of electronic marine insurance policy in Japan's trade financial EDI (일본의 무역금융EDI에 있어 국제해상보험증권의 전자화 현황과 향후과제)

  • Han, Sang-Hyun
    • International Commerce and Information Review
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    • v.9 no.1
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    • pp.169-186
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    • 2007
  • The purpose of this study analyzes laying stress on Japan example that background of electronic issue of international meritime insurance policy is what, and is marched in some degree present. and this study presented what hereafter subject of electronic insurance plice is. The this paper is to study the current situations of trade financial EDI in Japan and problems in application of marine insurance contracts. The subject of electronic marine policy issue is as following in trade financing EDI. (1) application of electronic document in claim demand. (2) standardization of various documents and insurance plice data. (3) insurance compensation document that become Jeonjahwa in insurance accident settlement. (4) maritime Insurance policy agreement's establishment. (5) when is monopolized to third party, realization of electronic maritime insurance policy offer.

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