• Title/Summary/Keyword: offshore market

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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.

An Economic Feasibility Study of Mackerel Offshore Aquaculture Production System (고등어 외해가두리양식의 경제성 분석)

  • Kim, Do-Hoon
    • The Journal of Fisheries Business Administration
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    • v.43 no.3
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    • pp.23-30
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    • 2012
  • This study aimed to analyze the economic feasibility of Mackerel offshore aquaculture production performance in Jeju region, Korea. Based on the collected biological, costs and market price data, farming revenue and expenses during the farming period were evaluated, and the net present value and the internal rate of return of a 10-year cash inflow and cash outflow were estimated to determine the economic feasibility of Mackerel offshore aquaculture production system. Model results indicated that the Mackerel offshore aquaculture production performance would have high profitability under the current production and market situation. This is because of the relatively high survival rate, relatively low feed conversion ratio and good market prices. However, sensitivity analyses of main important biological and economic variables showed that the economic viability of Mackerel offshore aquaculture production system would be highly vulnerable to production and market condition changes.

Exploring market uncertainty in early ship design

  • Zwaginga, Jesper;Stroo, Ko;Kana, Austin
    • International Journal of Naval Architecture and Ocean Engineering
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    • v.13 no.1
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    • pp.352-366
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    • 2021
  • To decrease Europe's harmful emissions, the European Union aims to substantially increase its offshore wind energy capacity. To further develop offshore wind energy, investment in ever-larger construction vessels is necessary. However, this market is characterised by seemingly unpredictable growth of market demand, turbine capacity and distance from shore. Currently it is difficult to deal with such market uncertainty within the ship design process. This research aims to develop a method that is able to deal with market uncertainty in early ship design by increasing knowledge when design freedom is still high. The method uses uncertainty modelling prior to the requirement definition stage by performing global research into the market, and during the concept design stage by iteratively co-evolving the vessel design and business case in parallel. The method consists of three parts; simulating an expected market from data, modelling multiple vessel designs, and an uncertainty model that evaluates the performance of the vessels in the market. The case study into offshore wind foundation installation vessels showed that the method can provide valuable insight into the effect of ship parameters like main dimensions, crane size and ship speed on the performance in an uncertain market. These results were used to create a value robust design, which is capable of handling uncertainty without changes to the vessel. The developed method thus provides a way to deal with market uncertainty in the early ship design process.

A study on entry into the offshore service market through slack model (해양플랜트 서비스 시장에의 진입 방안 연구 -슬랙모델을 이용하여-)

  • Oh, Jin-Seok;Kim, Gil-Soo;Merdas, Reza;Jang, Jae-Hee
    • Journal of Navigation and Port Research
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    • v.38 no.2
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    • pp.163-170
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    • 2014
  • Domestic offshore business is oriented toward building drill-ships, FPSOs(Floating Production Storage and Off loading). But the equipments needed for offshore platforms are not so developed in Korea because the equipments can not be verified in Korean territory where the offshore platforms are not stationed. This study aims at finding some methods on entering into OSI for the maintenance and disassembly of fixed offshore platforms. Slack model is adopted to find out how slack assets could play a role in penetrating foreign markets. Firstly, entry into the South East Asian market is recommended. Secondly, forming a consortium is suggested by which taking part in offshore market can be easier. Finally, strategic plans for obtaining the technology for ship building equipments are needed as well as government support.

A Study on the Legal Review of Safety Operation for Offshore Supply Vessel (해양플랜트 지원선박의 안전운항을 위한 법률 검토)

  • Jin, Ho-Hyun;Lee, Chang-Hee
    • Journal of Fisheries and Marine Sciences Education
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    • v.27 no.1
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    • pp.133-144
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    • 2015
  • Recently, Korea shipping companies have been internally/externally difficult to manage their fleet due to the high price of bunker, wage and low cost of charterage and freight. To solve these problems, some shipping companies have tried to set up a new business regarding offshore plant supply vessel(OSV). Owing to the absence of big oil field near the Korea coast, OSV market has not been gradually progressing as far. This study intends to review the legal review of both international and municipal law for the OSV. Therefore I have provided basic legal information to the domestic shipping companies which have desired to enter the OSV's market and suggest legal revision harmoniously to identify the problem in the municipal law.

Optimal design of offshore production considering market demand (시장 수요를 고려한 Offshore Production의 최적화 설계)

  • Kim, Chang-Su;Kim, Si-Hwa
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2014.10a
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    • pp.53-55
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    • 2014
  • Offshore 에서의 oil & gas 생산은 해상이라는 환경으로 인한 고유의 특성 때문에 항상 다수의 변수들에 영향을 받으며, 막대한 비용이 소요되기 때문에 비용을 최소화하며, 비용 대비 수익을 최대화시키기 위한 optimal design이 필수이다. 본 논문은 가상의 offshore plant와 이에서 생산된 oil의 수요지들을 설정하여 시장수요에 따른 offshore 생산의 최적화 문제를 연구대상으로 하며, 다수의 offshore oil fields를 보유한 major oil company가 당면할 수 있는 offshore production에 관한 문제를 일반화하여 정의하고, 이윤을 극대화시킬 수 있는 최적화 모형을 혼합정수계획모형(mixed integer programming)으로 정식화 하였다. 최적화 모형의 해는 Microsoft office excel solver를 통해 구하였으며 그 계산실험의 결과를 요약하여 보고한다.

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A Study on the Decommissioning of Oil and Gas Platform (오일 및 가스 플랫폼의 해체에 관한 연구)

  • Jeon, Chang Su
    • Journal of the Korean Society of Industry Convergence
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    • v.23 no.6_2
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    • pp.1081-1091
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    • 2020
  • The most recent issue of offshore plants that produce oil and gas are the decommissioning engineering of aged or discontinued platforms. There are many platforms that are being dismantled in the United States, Europe, and areas in Southeast Asia. In particular, more than 400 old platforms in Southeast Asia (Indonesia, Malaysia) are preparing to dismantle. They are spread out across Southeast Asia with a water level of 50 meters and small-scale of less than 10,000 tons. However, this offshore plant decommissioning market is a very suitable market for small and medium-sized shipyards in Korea to enter with their established equipment and engineers. Platform decommissioning is conducted according to decommissioning procedures. However, there are some difficulties in market advances as no developed case studies or process models are established on how platform structures and components are to be dismantled and how the dismantled material is to be reused and recycled. Therefore, this study presented domestic and foreign regulations on the reuse and recycling of oil and gas producing offshore plant platforms, case analyses on developed decommissioning engineering, platform reuse and recycling guidelines, and platform and pipeline decommissioning processes and methods.

A Qualitative Study of Offshore Outsourcing by Korean Clothing Companies (국내 의류업체의 해외소싱에 대한 질적 연구)

  • Hong, Kyung-Hee;Kim, Young-Mi;Yang, Jin-Ok;Lee, Ji-Soo;Lee, Yoon-Jung
    • Journal of the Korean Society of Clothing and Textiles
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    • v.34 no.4
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    • pp.703-714
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    • 2010
  • This study assumes that Korea's offshore outsourcing is used for diverse purposes such as designing, the supply of raw and subsidiary materials, production, and manufacturing. The purpose for production exists in the beginning stages of development, because it would have grown in scope since the 1990s when offshore outsourcing began in earnest. In this study, in-depth interviews were conducted with 24 firms with an annual production capacity of more than 200,000 pieces among clothing brands for the domestic market, clothing exporters, and promotion agencies. The interviews took place from December 18, 2008 to January 30, 2009. The interviewees were limited to the officers who had the authority to select manufacturers and decide on production volumes. Responses from the in-depth interviews were recorded, transcribed, and analyzed. The study results are summarized as follows: First, Korean clothing companies were found to rely on offshore outsourcing (China, North Korea, Vietnam, and Indonesia). Second, offshore outsourcing focused on the purposes for production; however, even fabrics were often outsourced in the case of production in China. Third, the interviewed firms mentioned cost savings, production cost reduction, and labor cost reduction most frequently as the main reasons for offshore outsourcing. Fourth, customs duties were considered most important in offshore outsourcing. Finally, when deciding on foreign manufacturers for offshore outsourcing, the surveyed clothing companies were found to: select manufacturers after market research in their outsourced countries, maintain existing contracts, or consider design capabilities and price quotations of candidate manufacturers.

High efficient welding technology of the offshore wind power plants (해상풍력 발전설비의 고능률 용접기술)

  • Kim, Youngsik;Kil, Sangcheol
    • Journal of Welding and Joining
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    • v.33 no.3
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    • pp.4-11
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    • 2015
  • The offshore wind power plants are watched as a new market to accomplish the needed energy, bringing technical and economical challenges. Advanced countries in the field of wind industry are now appling the 600 MPa, 150~200 mm thick high strength steel to offshore wind power plants. Moreover, the high efficient welding methods which is weldable ultra tick high strength steel with 1 pass welding are developed and applied in manufacturing the offshore wind tower. This article deals with the present world wide status of offshore power plants and the tendency of the development of high efficient welding technology for constructing the offshore wind tower. This article intends to offer the materials for development and raising of the domestic offshore wind power technology.

Development of Onshore Offshore Tower Elevator with load distribution endless winder and integrated control panel (하중 분산형 엔드리스 와인더와 통합형 제어반을 적용한 육상 해상 풍력타워 승강기 개발)

  • Lee, Sang-Hun
    • Journal of the Korean Society of Industry Convergence
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    • v.22 no.6
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    • pp.711-719
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    • 2019
  • At present, wind power is the fastest growing technology in the world. The domestic market depends heavily on imports for wind tower lift. so it manage through the overseas maker. The lift manufacture, establishment and maintenance utility is increasing, localization development of one wind tower lift is necessary with domestic fundamental base technique. In this paper, we will study the components necessary for the development of onshore offshore wind tower elevators, which are currently dependent on total imports, in line with the high growth of the wind market and the enlargement of the wind power generators. First of all, endless winders and cabins, which are the core components of the offshore wind tower lift, were examined for the components that affect the structural safety. Structural analysis was performed on Sheave, which is responsible for most of the lift lifting loads, and Block Stop, a safety device that prevents the cabin from falling in an emergency. The structural suitability was evaluated by comparing with the safety factor. In addition, the on-board control panel combines the control panel of the elevator and the drive motor driving the endless winder for efficient control of the offshore wind tower lift. The addition of features improves ride comfort at departure.