• Korea Trade Review
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• v.45 no.1
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• pp.119-135
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• 2020

It is well-known that if a claim for damage [Note: Damage can be singular or plural] is made based on a breach of contract, calculating the existence and magnitude of certain profits to be deducted based on the damage can be problematic. In the case of a time charter party, even if the early redelivering vessel by the time charterers constitutes a breach of contract, it is still not an exception. In particular, interest in the shipping business seems to be relatively high in terms of how claims for damage by ship owners have been adjusted. In the case of the New Flamenco, there is a debate over whether or not to deduct the difference between the sale price immediately after redelivering the ship and the sale price upon expiration of the contract from the damage based on the breach of contract for the early time charter redelivery vessel. This paper focuses on this case since it appears to be of practical importance and has implications on how to calculate the amount of damage in the case of cancellation for early redelivery vessel in a time charter party.

• Journal of the Korea Institute of Information and Communication Engineering
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• v.21 no.3
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• pp.530-536
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• 2017

The accident of the small vessel is increasing due to the growth of the sea and service industry. According to data from National Statistical Office, for 100 ton less than small ship accident, the most of the shipping incident generated in the small ship by 84% of the total shipping incident in 2015. The radar obligatory mounting is enforced to the small vessel in order to conclude this problem. However, the problems including the maintenance cost and transmission power etc. happens high if the existing pulse radar is mounted in the small vessel. In this development, the development is for small ship fixed type radar the object. And in this paper, by using the phase array antenna revolving electronically around the beam, the antenna which it is applicable to the marine fixed type radar which can solve above problem was made and it tested.

• Environmental and Resource Economics Review
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• v.23 no.1
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• pp.1-19
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• 2014

Weather seems to influence industries in a variety of ways. On a day-to-day basis, it is the most volatile external factor influencing consumer and market behavior. And, because weather is constantly changing, industries must deal with a continuously shifting array of opportunities and risks. This study aims to examine how climate and weather changes and information, as external environmental factors, have affected the Korean industries, particularly marine shipping and logistics. To find out the economic value of marine weather information, we use measurable results of VVOS(Vessel and Voyage Optimization Services) in the ocean shipping, which the marine weather software tool can save fuel costs up to 4%. When the fuel saving is same as VVOS's performance, the saving of Korean flag ship is estimated about 62 billion won and the saving of total flag ship is estimated about 519 billion won. However, coastal shipping companies have been struggling with the heavy weather factors, such as wave height, wave period and wind. Major findings are that wind and wave height have a significant negative effect on cargo transport, while wave period has a significant positive effect on cargo transport. And to conclude, when we use efficiently the marine weather information, we can increase cargo transport and save fuel costs etc.

• Journal of Korea Port Economic Association
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• v.30 no.1
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• pp.73-96
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• 2014

Competitiveness of container ports has been traditionally evaluated by capability of individual ports to provide services to customers or their service quality. However, since container ports are connected by container shipping networks to varying degrees, the status of the ports in liner shipping service networks also determines competitiveness of the ports. Sometimes same ports may play different roles in different forms of shipping networks. Shipping network connections that formulate in container ports therefore have more significant impact on their performance than service capabilities they have. This study aims to explore how the shipping and port network has been structured and changed in the past and to examine the network characteristics of ports using Social Network Analysis(SNA). In this SNA study, nodes in the network are the ports-of-call of the liner shipping services and links in the network are connections realized by vessel movements, such that the liner shipping networks determine the port networks. This study, therefore, investigates the liner shipping networks and through its results demonstrates the network characteristics of the ports that are represented by the four centrality indices. This provides port authorities and terminal operating companies with managerial implications to enhance competitiveness from customers' perspectives.

• Journal of the Korean Institute of Navigation
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• v.11 no.1
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• pp.1-38
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• 1987

The amount of cargoes by cargo vessels has increased tremendously during the last decade due to the great growth of korea economy. But in spite of this trend, there is rarely the substantial analyzed on the operational status of coastal shipping. In this paper, the characteristics of seaborne cargo and traffic flow of coastal shipping surveyed in detail through the statistical and the origintain and destination (O.D) analysis. Also, the basic ship's tonnage of coastal shipping representing the minimum tonnage which is capable of carrying the given seaborne cargo is suggested through the computer simulation using the data of 1985 year. The results are as follows; 1) the about 80% of total coastal traffic volume is going in/out to the port of Incheon, Busan, Pohang, Samil, Bukpyung, Mukho, Samchuk, and Jeju. 2) The main cargo items such as oil, iron material, cement, anthracite grain, fertilizer, other ore are reached to the about 70% of total amount of coastal trade. 3) ship's tonnage going in/out to the port of Bukpyiung, Busan, Pohang is increasing linearly year by year, and the amount of oil, iron material, cement, anthracite, grain, fertilizer, other ore are also increasing in linear pattern. 4) As a result of simulation, the optimum (basic) ship's tonnage.

• THE INTERNATIONAL COMMERCE & LAW REVIEW
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• v.49
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• pp.237-256
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• 2011

A Liner Conference can be defined as "a group of two or more vessel operating carriers which provide international liner services for the carriage of cargo on a particular route or routes within specific geographical limits and which has an agreement or arrangement within the framework of which they operate under uniform or common freight rates and any other agreed conditions with respect to the provisions of the liner services". This study reviews maritime transport policy regarding liner conference and the changes in the liner market over the decades. Liner shipping industry has long been protected from competition by block exemption. The repeal of the block exemption for liner conferences and the abolition of any special EC antitrust regime for the shipping industry marks an important step in European maritime competition policy. This article examines the origins and the rationale of the EC antitrust immunity granted so far th the shipping industry and explains the causes of this historic changes. The abolition of Regulation 4056/86 and of the EU commitment to the UN Code of Conduct marks an historical evolution in international maritime policy, which will have an influence far beyond the EU.

• Journal of the Society of Naval Architects of Korea
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• v.52 no.2
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• pp.110-118
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• 2015

Weather routing method is one of the best practices of SEEMP (Ship Energy Efficiency Management Plan) for fuel-efficient operation of ship. KR is carrying out a basic research for development of the weather routing algorithm and making a monitoring system by FOC (Fuel Oil Consumption) analysis compared to the reference, which is the great circle route. The added resistances applied global sea/weather data can be calculated using ship data, and the results can be corrected to ship motions. The global sea/weather data such as significant wave height, ocean current and wind data can be used to calculate the added resistances. The reference route in a usual navigation is the great circle route, which is the shortest distance route. The global sea/weather data can be divided into grids, and the nearest grid data from a ship's position can be used to apply a ocean going vessel's sea conditions. Powell method is used as an optimized routing technique to minimize FOC considered sea/weather conditions, and FOC result can be compared with the great circle route result.

• International Journal of Naval Architecture and Ocean Engineering
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• v.12 no.1
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• pp.11-19
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• 2020

In recent years, oil prices have continued to be low owing to the development of unconventional resources such as shale gas, coalbed methane gas, and tight gas. However, shipping companies are still experiencing difficulties because of recession in the shipping market. Hence, they devote considerable effort toward reducing operating costs. One of the important parameters for reducing operating costs is the frictional resistance of vessels. Generally, a vessel is covered with paint for smoothing its surface. However, frictional resistance increases with time owing to surface roughness, such as that caused by fouling. To prevent this, shipping companies periodically clean or repaint the surfaces of vessels using analyzed operating data. In addition, studies using various methods have been continuously carried out to identify this phenomenon such as fouling for managing ships more efficiently. In this study, numerical simulation was used to analyze the change in the resistance performance of a ship owing to an increase in surface roughness using commercial software, i.e., Star-CCM+, which solves the continuity and Navier eStokes equations for incompressible and viscous flow. The conditions for numerical simulation were verified through comparison with experiments, and these conditions were applied to three ships to evaluate resistance performance according to surface roughness.

• Journal of Ocean Engineering and Technology
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• v.33 no.6
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• pp.495-503
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• 2019

Approximately 90,000 ships are registered in South Korea, and about 80,000 of these ships are used in domestic shipping. Among these, 84% are small ships, such as a fishing vessels that weigh less than 20 tons and are made mostly of an FRP (Fiber Reinforced Plastics). When this fact is taken into account, the greenhouse gas emissions that are released per ton of a composite vessel are sizeable. In this study, the laminated structures of an FRP fishing vessel, many of which currently are being built in Korea, were analyzed by ISO (International Organization for Standardization) and international design rules, and the structures of the hulls are lightweight with optimum glass fiber mass content as determined by the laminate weight minimization algorithm. As a result, it was confirmed that the laminations of the vessels in accordance with the Korean rule could have 6.4% to approximately 11% more design margin compared to the requirements of ISO and other international rules. And the case study of the application of the laminate weight minimization algorithm showed the possibility of reducing the weight of the hull bottom plating by as much as about 19.32% and by as much as about 18.06% in the overall structure.

• Journal of Arbitration Studies
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• v.21 no.3
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• pp.189-211
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• 2011

This article aims at analysing the practical problems of FOB and CIF terms relating to Incoterms$^{(R)}$2010 in case of L/C transactions and presenting the defending measures against them. According to Incoterms$^{(R)}$2010, FOB and CIF terms are to be used only for sea or inland waterway transport and require the seller deliver the goods on board the vessel nominated by the buyer at named port of shipment. So if FOB and CIF terms will be used in sea transport under L/C transaction, the seller should ship the goods on the nominated vessel and present the shipping document indicating "on board vessel" to the issuing bank but the parties agree to present the received bill of lading according to special condition on L/C which is" received bill of lading are acceptable". In practical transaction, FOB and CIF terms are usually used in aircraft cargo, container cargo or multimodal transport. these facts are a violation of Incoterms. Incoterms$^{(R)}$2010 which regulated that FOB and CIF terms may not be appropriate where goods are handed over the carrier before they are on board the vessel for example goods in container. These transactions are a temporary expedient and breach of Incoterms in the international trade which must be corrected as soon as possible.