• Proceedings of the Korean Institute of Navigation and Port Research Conference
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• v.1
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• pp.283-291
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• 2006

Recently, a logistics between south and north Korea is rising rapidly by increasing of economical exchange between two Korea and growth of Gaeseoung Industrial Complex. Considering this trend of economic cooperation between two Korea, in addition to a land transportation route it is necessary to secure various logistics and transportation route. A barge transport system which has merits such as a little initial investment and convenience of harbor loading/unloading has been also used to transport freight widely in the EU and USA. In this paper, firstly, a social and economical feasibility study is performed about a shipping route which is using barge transportation system between Incheon and Gaesung. And also we propose several candidate shipping route and investigate a technical feasibility on a realistic possibility of shipping service by some investigation activities. Finally, the optimized shipping route and barge transportation system are proposed in this paper.

• Journal of Korean Society of Transportation
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• v.14 no.2
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• pp.157-172
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• 1996

The long-existed licence system which has acted as one of the strong barriers to entry in the ocean shipping market in Korea is supposed to repeal in the near future. As a result, competition among the different sizes of firms which are operating under regional shield by means of the licence will be intensified. The main objective of this paper is to estimate the degree of economies of scale and economies of density for various firm sizes. For the successful estimation of economies scale and economies of density, translog cost models are developed and estimated through SURE technique which was suggested by Zeller (1963). The major findings are as follows ; All shipping firms in the sample exhibit economies of scale and density. Even small size shipping firms under licence system, they show substantial economies of scale contrary to the wide-known idea that small-size firms are subject to diseconomies of scale. For the ranked firm sizes according to owned deadweight tons, the degree of economies of scale decreases as the firm sizes are larger and larger. The degree of economies of density moderately declines from the smallest to the firm size of 30-60 thousand deadweight tons and sharply rise thereafter. And the large shipping firms with over half-million deadweight tons exhibit high economies density compared to other sizes of firm. If follows that the larger firms have great advantage in competition if the licence system is abolished.

• Journal of Ocean Engineering and Technology
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• v.29 no.6
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• pp.411-417
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• 2015

The shipping and shipbuilding industries have had business difficulties since the implementation of regulations on the CO₂ emissions from ships by IMO and the occurrence of the global financial crisis in 2008. Under this global recession, most shipping firms have started to operate their fleets at slow steaming rates with the goal of improving the profit ratio per transported unit. This study analyzed the resistance performance of a 6,800 TEU container ship corresponding to its trim variation with slow steaming, compared with that at its original design speed. Two different grid systems were used for the numerical calculation, one that considered the free surface allowing the capture of the dynamic trim and one that did not. This made it possible to clearly classify each resistance component to provide useful information to hull-form designers. In addition, a form factor assumption method using CFD was used for a reasonable effective power prediction in compliance with the 1978 ITTC performance prediction method. It was found that the total resistance of a 6,800 TEU container ship was reduced by 2.6% in the case of a 1-m trim at the bow at 18 kn.

• Journal of Advanced Research in Ocean Engineering
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• v.4 no.4
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• pp.195-203
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• 2018

The wave impact on ships could cause local damage to the ship's hull, which has been a concerning issue during the ship design process. In recent years, local structural damages of ships caused by slamming loads have been reported by accident; therefore, it is necessary to study the local slamming pressure loads and structural response assessment. In the present study, slamming loads around the ship's bow region in the presence of regular wave have been simulated by RANS equations discretized with a cell-centered finite volume method (FVM) in conjunction with the $k-{\Box}$ turbulence model. The dynamic structural response has been calculated using an explicit FE method. By adding the slamming pressure load of each time step to the finite element model, establishing the reasonable boundary conditions, and considering the material strain-rate effects, the dynamic response prediction of the bow flare structure has been achieved. The results and insights of this study will be helpful to design a container ship that is resistant enough to withstand bow flare slamming loads.

• Korea Trade Review
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• v.45 no.6
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• pp.99-112
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• 2020

It is no exaggeration to say that today's world economy is dependent on international trade, which is the result of inter-state transactions. As the vast majority of international goods transport is transported by international shipping, interest in the seaborne transport field is natural in international and trade studies. In particular, in the case of international shipping, as it is the basis of typical international transportation, changes in international shipping due to the innovation of technology may have an effect on international trade norms. In this study, as a result of evaluating port preference in a hypothetical scenario by using the Design of Experiments method, bunkering as well as port service, which is traditionally important, was identified as a major competitive factor of future ports. It has been revealed that, above all, the port to respond to the future is the continued importance of port services and the supply of ship fuel. Therefore, port authorities are providing implications that LNG bunkering infrastructure suitable for international environmental regulations is important.

• Ocean Systems Engineering
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• v.12 no.3
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• pp.267-284
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• 2022

A subsea pipeline designed across active shipping lane prones to failure against external interferences such as anchorage activities, hence risk assessment is essential. It requires quantifying the geometric probability derived from ship traffic distribution based on Automatic Identification System (AIS) data. The actual probability density function from historical vessel traffic data is ideal, as for rapid assessment, conceptual study, when the AIS data is scarce or when the local vessels traffic are not utilised with AIS. Recommended practices suggest the probability distribution is assumed as a single peak Gaussian. This study compares several fitted Gaussian distributions and Monte Carlo simulation based on actual ship traffic data in main ship direction in an active shipping lane across a subsea pipeline. The results shows that a Gaussian distribution with five peaks is required to represent the ship traffic data, providing an error of 0.23%, while a single peak Gaussian distribution and the Monte Carlo simulation with one hundred million realisation provide an error of 1.32% and 0.79% respectively. Thus, it can be concluded that the multi-peak Gaussian distribution can represent the actual ship traffic distribution in the main direction, but it is less representative for ship traffic distribution in other direction. The geometric probability is utilised in a quantitative risk assessment (QRA) for subsea pipeline against vessel anchor dropping and dragging and vessel sinking.

• Journal of Navigation and Port Research
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• v.46 no.6
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• pp.547-553
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• 2022

This study analyzed the changes in the operational productivity of fourteen Korean container lines from 2019 to 2021 using MP I(Malmquist Productivity Index). The results indicated that the operational productivity of the shipping companies has increased by 38.4% annually, representing the TCI (Technical Change Index) increasing by 58.3% and the TECI (Technical Efficiency Change Index) decreasing by 12.6%. The increase in the operational productivity of the container shipping lines was mainly attributed to the high rise in ocean freight rates rather than an increase in fleet size or ship technical efficiency. However, the deep-sea shipping lines (i.e. HMM and SM lines) experienced increases in both the TCI and TECI, which was not the case for other shipping lines(i.e. Intra-Asian short-sea shipping lines). The intra-Asian short-sea shipping lines enhance their productivity due to the TCI but failed to appreciate the cost savings of the increased fleet effects due to the low SECI(Scale Efficiency Change Index) values.

• Proceedings of the Korea Committee for Ocean Resources and Engineering Conference
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• 2001.10a
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• pp.55-61
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• 2001

Recently, the trade volume between Korea, China, and Europe is increasing gradually with various transport routes such as sea, railway. and linking of them. In this study, economic efficiency of existing transport routes are estimated and trainferry type shipping between Mokpo and Lianyungang is proposed as a efficient transport route considering the trade volume between Korea and China.

• Journal of Korea Port Economic Association
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• v.22 no.2
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• pp.19-33
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• 2006

The efficiency and effectiveness of freight transportation within and across Northeast Asia playa key role to achieve competitive advantages against other competing hubs in this area. However, the majority of local freight has been carried by ground transportation and the share of costal shipping has been decreasing for its transportational complexity and poor cargo works. In this paper, we discuss the prerequisites of efficient cargo linkage system from the perspectives of road, rail, ocean, and the service providers. Specifically, we identify that the balanced capacity of road/rail transportation system with costal freight system is a crucial component for facilitating coastal shipping. Other requirements such as the efficient on-dock container yard (ODCY), dedicated ports and ships, and the service provider of door-to-door transportation for short sea shipping are highlighted in order to secure the serviceability and availability of streamlined costal shipping. Further, we elaborate these requirements to facilitate costal cargo shipping in Korea.

• Journal of Navigation and Port Research
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• v.47 no.2
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• pp.100-105
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• 2023

This study investigated determinants of stock betas of shipping companies in Korea. Beta is a measurement of sensitivity of an individual stock to the movement of the whole stock market. It is widely accepted that stock betas are not constant, but time-varying, which implies that they are affected by other factors. In this regard, this study examined betas of six shipping companies listed on the Korea Exchange for the period of 2000-2021 and their relationship with financial leverage, operating leverage, and cyclicality in the shipping market. Empirical analysis showed that betas of Korean shipping companies were positively associated with financial and operating leverages but negatively with cyclicality.