• Journal of Korea Port Economic Association
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• v.33 no.2
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• pp.19-32
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• 2017

This study aims to (1) investigate the main factors for the evaluation of port competitiveness through a literature review; (2) compare each terminal's competitiveness in Busan and Shanghai ports using TOPSIS methodology; (3) determine how to improve Busan port competitiveness. TOPSIS analysis of throughput shows that the terminals in Shanghai (SMCT, SGICT) are competitive. Shanghai is ranked first in both the port physical analysis (SMCT) and the financial one (SSICT). Total competitiveness analysis shows that Shanghai terminals (SSICT, SMCT, and SGICT) are more competitive than the ones in the Busan port. In this analysis, the SSICT ranks the top terminal in port physical and financial categories, while the SMCT ranks the first terminal in terms of throughput. The results of this study provide important policy implications for the Busan port, whose international status as a transshipment port and international logistics hub has lowered, and whose recent growth is slower than that of the competing international ports.

• Journal of Korea Port Economic Association
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• v.36 no.2
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• pp.53-62
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• 2020

The maritime and port logistics industry is closely related to global trade and economic activity, especially for Korea, which is highly dependent on trade. As the largest port in Korea, Busan Port processes 75% of the country's container cargo; the port is therefore extremely important in terms of the country's national competitiveness. Port container cargo volume forecasts influence port development and operation strategies, and therefore require a high level of accuracy. However, due to unexpected and sudden changes in the port and maritime transportation industry, it is difficult to increase the accuracy of container volume forecasting using existing time series models. Among deep learning models, this study uses the LSTM model to enhance the accuracy of container cargo volume forecasting for Busan Port. To evaluate the model's performance, the forecasting accuracies of the SARIMA and LSTM models are compared. The findings reveal that the forecasting accuracy of the LSTM model is higher than that of the SARIMA model, confirming that the forecasted figures fully reflect the actual measurement figures.

• Journal of Navigation and Port Research
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• v.31 no.2
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• pp.141-149
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• 2007

The competitiveness of container terminals hinges on minimizing the time vessels spend in port and on schedule services. Many previous researches on container terminals have tried to optimize the equipment allocation plan and to improve the activity of resources. Nevertheless, there have been few researches conducted on yard tractors, which move containers between the quay and the yard. The aim of this study is to propose the use of Real Time Location Systems (RTLS) based Dynamic Planning for yard tractors. Only RFID (Radio Frequency Identification) tags, which are attached to yard tractors, are able to support RTLS implementation. The system can provide real time job ordering in terms of load balancing using the information on location, in regards to the movement of yard tractors. This study will present the practical feasibility of RTLS, which can ultimately reduce the congestion of Hot Queues in container terminals. As a result, container terminals can be more productive and competitive. In order to accomplish the purpose of this study, we examined previous studies on the competitiveness of container terminals and summarized the potential of RTLS using RFID. In addition, we identified the role of yard tractors and proposed the two rules of Dynamic Planning for the yard tractors. We then fulfilled computational experiments on how yard tractors carrying containers by RTLS ordering Finally, the benefits and the implications of this study are discussed.

• Asia-Pacific Journal of Business
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• v.14 no.1
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• pp.439-451
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• 2023

Purpose - Market structure is crucial to identify as it defines the market states for new and existing container ports to perform within a given region. the study aims to compare the major ports in the Bay of Bengal in the context of Chittagong Port. Design/methodology/approach - For this study, the past 9 years of container volume data have been collected and analyzed through the HHI index, BCG matrix and shift effect analysis. Based on the analysis, this study has found that the Chittagong Port is in an oligopoly competitive market structure. Findings - The findings have shown that port in low market share and low growth in very recent years with the moderately concentrated ports HHI index. The shift effect analysis shows that the container volumes shifted from one port to another in the 2019 and 2020 periods. This study is the pioneer study in the Bay of Bengal region to identify the market structure, analyze market share and growth, and analyze the market concentration. Research implications or Originality - Future recommendations for the port authority is to take advantage of geolocation; attract international; tax exemption, faster clearance process, reduced waiting charges; increasing storage and technological machinery; promoting maritime logistics education; promoting Chittagong tourism; collaboration with other countries. Also, this study can be used as basic data for the establishment of a new supply chain between Korea and Southwest Asia for the Korean government and companies.

• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• 2016.05a
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• pp.121-123
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• 2016

This paper studies the competitiveness and complementary among the major container ports in East Asia by analyzing their extensive and intensive dynamics in recent 8 years (2008-2015). Time series data on container throughput dividing into O-D and transshipment for the ports of Hong Kong, Kaohsiung, Shanghai, Busan, Ningbo-Zhoushan, and Shenzhen are calculated based on VAR and VECM model.

• Journal of Korea Port Economic Association
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• v.30 no.1
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• pp.119-142
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• 2014

This study aims to evaluate the factors which affect the competitiveness of Gwangyang port, and to suggest strategies for the enhancement of its competitiveness by priority. This study inquires both 5 key rating factors: port location, port operations management, port costs, port facilities, and hinterland conditions and the priority of 14 detailed assessments through AHP method. First, the importances of main evaluation items for port competitiveness are analysed in the following orders: port location, port facilities, port costs, port operations, hinterland conditions. Second, the comprehensive importances based on the detailed evaluation properties complex weighting are identified in the following orders: connectivity with hinterland, accessibility of international harbor, incentives, the area of terminal, expertise and skills of port operations personnel, container throughput, and scale berths. Third, the strategies referring to the port location like centrality, transit, and merit on use should be actively conducted for the promotions of Gwangyang port's competitiveness, according to its international port competitiveness analysis. This study will provide both academic and policy implications with its related scholars, government, and research institutions. In addition, this will be contributed to formulating a basic theory for port competitiveness evaluation and providing a basic framework of evaluation analysis.

• Journal of Korea Port Economic Association
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• v.38 no.4
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• pp.171-185
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• 2022

This study conducted a comparative analysis by period and route through a variation allocation analysis with domestic container ports to analyze the change structure of container volume at Gwangyang Port. As a result of analysis of the absolute volume of container traffic at Gwangyang Port, the period and routes that showed the highest growth values by period and route were Europe, North America, Middle East, and South America in 2001-2007. It was followed by Southeast Asia, Oceania, Far East Asia, Europe, and Japan during the 2008-2012 period. Among the sections from 2018 to 2022, there are Oceania and Southwest Asia. In order to secure container shipments at Gwangyang Port in the future, it is essential to secure routes in Europe, the Americas, and Africa, and it is necessary to secure port competitiveness through improved management and service of container terminal operators

• Journal of Korea Port Economic Association
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• v.36 no.1
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• pp.105-128
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• 2020

This study suggests a strategic direction for developing the Port of Busan based on evaluating and prioritizing the relative importance of competitiveness factors for ports using SWOT analysis and the analytic hierarchy process (AHP) method. The Port of Busan is the world's sixth largest container port and the largest port in South Korea. The Port of Busan constitutes a key industrial infrastructure for an exporting country. Despite the economic and industrial importance of the Port of Busan, little research has examined its strategic development. This study derives a SWOT matrix for evaluating the competitiveness of factors from previous studies and expert reviews, and it constructs a hierarchical analysis structure model based on the SWOT matrix. To deduce a strategic direction for developing the Port of Busan, a questionnaire based on SWOT·AHP was distributed to industrial and academic associations to prioritize competitive factors. This study presents four strategic tactics based on strengths (S), weaknesses (W), opportunities (O), and threats (T) (S/O, S/T, W/O, and W/T) as strategic directions for developing the Port of Busan. This study will contribute objectively to the overall effort by the government to improve the operation of the Port of Busan and establish development strategies.

• Journal of Korea Port Economic Association
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• v.27 no.4
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• pp.165-185
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• 2011

Transshipment traffic has significant meanings because it gives positive effects on increasing the container handling volumes in seaports, and revitalizes the regional and national development. Korean container port's transshipment traffic volumes, however, will slowly decrease due to the direct ships' calling into Chinese ports, which recently has a huge development plan. There are a lot of stress on forecasting the transshipment traffic volumes because the Korean container port development plans are designed based on this container traffic which consists of import and export traffic, and transshipment traffic. The transshipment traffic volumes are assumed to occupy 40% of total container traffic volumes. Despite of the importance of forecasting the transshipment traffic, a little studies are suggested using the concepts of the port competitiveness. In this respect, this study aims to estimate the Port Competitiveness Index and Transshipment traffic Volumes using the System Dynamics methodology. As a result, transshipment traffic volumes are predicted as: 20 million TEUs in Korea under the 4% annual increasing rates, 90 million TEUs in China under the 6% annual increasing rates, and 2.5 million TEUs in Japan under the 1% annual increasing rates respectively. The suggested results can be used to enhance the container port competitiveness and produce more transshipment traffic volumes.

• Journal of Korea Port Economic Association
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• v.20 no.2
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• pp.131-149
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• 2004

With trend of container ships becoming larger and faster, the environment surrounding ports in North-East Asia is rapidly changing. Korea's largest port of Busan processed more than 10 million 20- feet equivalent containers in 2003, surpassing the 10-million TEU mark for the first time in its three decades of operation. However, the Port of Busan , the world's third-largest port in 2002, was eclipsed by Shanghai since July in 2003. The first massive strike of truckers crippled the Korea's logistics system in May and in September, the Port of Busan suffered from the second strike of truckers and damage by a powerful typhoon. By contrast, the port of Shenzhen in China increased its container-processing volume by 39.9 percent to 10.65 million TEU in 2003, and Shanghai, which passed Busan in terms of container volume in the middle of last year, further consolidated its position as the world's No. 3 port with an annual volume of 11.28 million TEU. After all, Busan recorded an annual container volume of 10.40 million TEU, slipping to fifth in rankings in 2003 and Busan's bid to become a Northeast Asian hub has suffered a further setback as these chinese ports overtook the port of Busan. But the port of Busan is located in the main trunk liking North America, Europe and South-East Asia. Once the project of Busan Newport is accomplished and the railway between South and North Korea is connected to TCR and TSR, the Port of Busan will have the most potential to become the international logistics center as the starting point of the land and sea routes encompassing all over the world.