• Title/Summary/Keyword: ocean shipping

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Economic Analysis of Foldable Containers on the Jeju-Mokpo Container Route

  • Shin, Chang-Hoon;Kim, Sung-Nam;Den, Mariia;Wang, Gao-Feng
    • Journal of Navigation and Port Research
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    • v.42 no.5
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    • pp.331-340
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    • 2018
  • Shipping containers promote rapid development of the transport industry, and generate economic and social value. However, problems often occur due to imbalance in dynamics between exports and imports, container relocation, traffic congestion, and general shipping network designs. So, efficient and cost-effective cargo management has become crucial for the Jeju Island - Mokpo container route (JMCR) in South Korea. Dozens of recent studies reveal that collapsible or foldable containers, may become an innovative solution to problematic issues within the shipping industry. The major purpose of this study is to discuss conditions required for successful commercial application of foldable containers, based on a cost-benefit analysis precisely for the JMCR. Findings reveal usage of foldable containers can be cost-effective, if containers make a "FULL<->EMPTY" route. To the contrary, a "FULL<->FULL" route can drastically increase expenditure. However, economic analysis of actual figures for 2010-2015 indicate that benefits for Mokpo - Jeju direction are significant to cover losses on the Jeju - Mokpo line. Seasonal patterns and mixing percentages of foldable and standard containers on the route, may also produce cost-effective solutions. Sensitivity analysis reveals that benefits from using foldable containers, depend mostly on empty container shares in addition to various extra costs.

Comparative Efficiency of Container Ports in Vietnam and Korea

  • Ly, Pham Thi Hoai;Ahn, Ki-Myung;Ryoo, Dong-Keun
    • Journal of Navigation and Port Research
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    • v.42 no.2
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    • pp.143-152
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    • 2018
  • Currently, there are very few papers that have examined the efficiency of Vietnamese ports. Of those that have, some of them take into account only a few container ports in Northern Vietnam. Others focus on comparing all types of ports in Vietnam with regard to the differences in efficiency scores when applying different methods to evaluate efficiency. However, there is no paper that specifically analyzes the efficiency of Vietnamese container ports throughout the country or that compares Vietnamese container ports with those of other countries in terms of efficiency. In order to provide more accurate and interesting information for container port authorities, in this study, 21 major Vietnamese container ports and seven major Korean container ports are selected and examined with regard to their levels of efficiency in 2016 using data envelopment analysis (DEA). This paper applies both constant return to scale (CRS) and variable return to scale (VRS) to explore the differences among overall technical efficiency, pure technical efficiency, and scale efficiency of the selected container ports. This study also indicate slacks and sets projections for inefficient ports.

The Practical Use of Un Standard Message for cargo flow EDI (물류EDI 표준메세지 이용 방안)

  • 박남규;이태우
    • Journal of the Korean Institute of Navigation
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    • v.17 no.2
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    • pp.57-73
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    • 1993
  • Subject : The Practical Use of UN Standard Message for cargo flow EDI Writer : Park, Nam Kyu and Lee, Tae Woo It's necessary to prepare standard message which is agreed on among trading partners for EDI in container transport industry. Now KMPA is carrying out the EDI Project for establishing Korea Logistics Network. It is important to make standard message of documents using in transport industry to succesfully accomodate EDI. The objective of this study is to find out the method of UN standard message utility in Korea. For this study, the UN message guideline is primarily reviewed, and the process that Shipping Request being used in Hanjin Shipping Co. Ltd. is applied to UNSMs as case study. Generally the data format of EDIFACT is so complex and broad for inter-industry standard that the abstract of data format is usually used. Therefore, it is necessary to make the subset of standard message for Shipping Request in ocean industry. In the result of this study, that the ocean industry can use the subset of IFTMBF for Shipping Request is proved, and the subset is suggested. This thesis will contribute toward showing the practical way of standardrization of 350 documents using in trade, customs and transport sectors.

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A Case Study on Application of Blockchain Technology in Shipping Industry (해운산업에서의 블록체인 기술 적용사례에 관한 연구)

  • Ryu, Yeong-Soo;Chang, Myung-Hee
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2018.05a
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    • pp.129-130
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    • 2018
  • In shipping logistics, despite the fact that it has promoted the information processing process, the use of the document exchange mechanism has caused a problem of increasing the cost and lead time. In recent years, various types of projects are in progress in preparation for full-scale introduction of a blockchain technology capable of solving the document exchange mechanism in the shipping industry, In near future, by expanding the practical application scope, it is aiming to increase competitiveness through transparency, reliability, stability, and efficiency, which are the effects of application of the block chain technology.

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Lead-lag Relationship between the Shipping Freight Rate and Agricultural Commodity Import Price in Korea

  • Ha, Jae-Young;Shin, Youngran
    • Journal of Navigation and Port Research
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    • v.45 no.2
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    • pp.69-74
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    • 2021
  • This study aims to investigate the lead-lag relationship between the agricultural produce import price in Korea and the corresponding shipping freight rate. Since the Korean economy has pursued an export-driven growth strategy, mainly based on the manufacturing sector, the country has to depend on the vast majority of its agricultural produce consumption after import from foreign countries. Moreover, compared with other high-value products, transportation cost occupies a substantial share of the agricultural commodity price, resulting in changes in the shipping freight rate being a pivotal determinant of agricultural produce import. In this respect, this study explores the possible association between agricultural produce import in Korea and shipping freight rate and the lead-lag relationship. Using a monthly dataset of agricultural produce import prices and freight rates for Handysize and Panamax dry-bulkers for the period between January 2010 and November 2020, this study determines that the shipping freight rate, in general, leads the agricultural commodity price.

A Study on the Measurement and Effect Factors of Productivity of the Korean Ocean Carriers (금융위기 이후 국적 외항선사의 생산성 측정과 영향요인에 관한 연구)

  • Nam, Hyung-Sik;Ahn, Ki-Myung
    • Journal of Navigation and Port Research
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    • v.44 no.4
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    • pp.338-346
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    • 2020
  • In this study, we first measured the Malmquist productivity index by DEA among the Korean ocean carriers. Second, it was intended to present measures to improve productivity by identifying the influence and discriminating power between productivity and the major financial ratios (profitability, financial stability, liquidity, efficiency and value-added productivity). Compared to 2017, there are 11 more shipping carriers with decline in productivity (MPI) than those with an increase in 2018. The increase in productivity is attributed to an increase in the Technology Change Index (TCI) affected by the external environment. There is strong significant correlation between the productivity (MPI) and the management efficiency (CRS). Additionally, the TECI (TECHI) index of the technological efficiency changes from internal factors of the shipping carrier is significantly higher than that of the efficient shipping carrier. This is because of the differences in scale efficiency. The ratio of charter cost/sales is also lower than that of the carriers with high productivity (0.17) and with low productivity (0.21). With 7% of the shipping carrier with MPI>1, only 1% of MPI <1 is found to have a significant impact on its productivity.

Computational Analysis of Structural Behavior of Subsea Pipelines with Local Corrosion (국부 부식을 가지는 심해저 파이프라인의 구조응답에 대한 전산 해석적 연구)

  • Choi, Kwang-Ho;Lee, Chi-Seung;Ryu, Dong-Man;Koo, Bon-Yong;Song, Joon-Kyu;Lee, Jae-Myung
    • Journal of Ocean Engineering and Technology
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    • v.29 no.1
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    • pp.100-110
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    • 2015
  • To meet the increasing demand for energy around the world, offshore and subsea energy development is constantly being conducted. This trend is accompanied by an increasing demand for pipeline installation, which brings numerous problems, including those related to accessibility, high pressure, and corrosion. Among these, corrosion is a primary factor in pipeline fractures, and can cause severe environmental and industrial damage. Hence, accurate corrosion assessment for corroded pipelines is very important. For this reason, the present study investigated the mechanical behavior of an idealized corroded subsea pipeline with an internal/external pressure load using the commercial FEA code ABAQUS. Then, the analysis result was compared with corrosion assessment codes such as ASME B31G, DNV RP F101, ABS. Finally, a fitness-for-service assessment was conducted.

Lab-scale impact test to investigate the pipe-soil interaction and comparative study to evaluate structural responses

  • Ryu, Dong-Man;Lee, Chi-Seung;Choi, Kwang-Ho;Koo, Bon-Yong;Song, Joon-Kyu;Kim, Myung-Hyun;Lee, Jae-Myung
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.7 no.4
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    • pp.720-738
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    • 2015
  • This study examined the dynamic response of a subsea pipeline under an impact load to determine the effect of the seabed soil. A laboratory-scale soil-based pipeline impact test was carried out to investigate the pipeline deformation/strain as well as the interaction with the soil-pipeline. In addition, an impact test was simulated using the finite element technique, and the calculated strain was compared with the experimental results. During the simulation, the pipeline was described based on an elasto-plastic analysis, and the soil was modeled using the Mohr-Coulomb failure criterion. The results obtained were compared with ASME D31.8, and the differences between the analysis results and the rules were specifically investigated. Modified ASME formulae were proposed to calculate the precise structural behavior of a subsea pipeline under an impact load when considering sand- and clay-based seabed soils.

Renewing Tonnage Taxation of Shipping in Linkage to Greenship Certification Scheme (친환경선박 인증과 연계한 톤세제도 합리화 방안)

  • Junkeon Ahn;Jieun Lee
    • Journal of the Society of Naval Architects of Korea
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    • v.60 no.2
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    • pp.86-94
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    • 2023
  • Tonnage taxation has contributed to developing the Korean maritime industry through tax relief for shipping companies. The current tonnage taxation relies on the net tonnage as an earning-capacity indicator in a merchant ship. Although the tonnage tax accords with horizontal equity, it does not match vertical equity because of the different taxable capacities of an individual company. Nowadays, maritime transport uses a dedicated vessel, and each shipping freight embeds a different value of time. It means the tonnage taxation regime should consider the added value of each shipping freight. Meanwhile, as the environmental regulations led by the International Maritime Organization are being strengthened, the Korean merchant fleet must be eco-friendly soon after. This study explores the alternative to renewing tonnage taxation by utilizing the Greenship certification and considering the ability-to-pay principle. Because the Greenship certification scheme encourages shipping decarbonization, maritime transport by a certified ocean-going vessel comes to be treated as an activity for the green economy. Special taxation for the green economy may contribute to shipping sustainability and market competitiveness.

A Study on the Entry of Korean Shipping & Logistics Company into the Offshore Plant Logistics Service Market

  • Shin, Seok-Hyun;Kwon, Moon-Kyu;Park, Jin-Hee;Park, Young-Kyu
    • Journal of Navigation and Port Research
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    • v.39 no.2
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    • pp.125-130
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    • 2015
  • Korea is worldwide top manufacturer of offshore plant industry, while shown weakness in high-valued offshore plant service industry (OPSI). The governmental support policies and studies for fostering programs are centered on shipbuilding and engineering sector. On the other hand, offshore logistics service sector among the programs is neither included as governmental fostering support sectors nor ever-studied. Domestic shipping and logistics companies have many experience of handling various project, heavy-lift cargo and even super blocks on shipbuilding industry. However they are faced with lack of appropriate heavy carrier and others. So for their successful entering into offshore plant logistics market, systematic preparation, studies and supporting policies are highly recommended.