• Journal of Navigation and Port Research
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• v.45 no.6
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• pp.276-283
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• 2021

The capital structure of the shipping business, which is characterized by its capital intensity and extreme market volatility, is closely related to long-term stability. Research in this area has been conducted mostly in the form of deriving the determinants of capital structure from company-wise financial ratios. This research, on the other hand, has a different approach to the topic. It identifies the relationship between actual cash profit and loss and other variables - i.e. actual vessel prices, interest rates and leverage ratio - by employing historical simulation. The result demonstrates that the P anamax cash profit shows 0 (break-even point) when the debt weight reaches 64.38% (debt ratio 180.74%) and the Cape, 73.04% (debt ratio 270.92%). Additionally, the ships of different types show a divided pattern for the pre- and post-'Super Boom'. It indicates that the business area and the market cycle should be considered when a leverage strategy is established. This research benefits shipping companies set a rational leverage strategy as well as delivers a reasonable guideline to government authorities for the development of a sound policy on shipping finance.

• Journal of the Korean Society of Marine Environment & Safety
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• v.28 no.7
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• pp.1216-1221
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• 2022

Ships tend to be larger to increase the efficiency of cargo transportation. Larger ships lead to increased travel time for ship workers, increased work intensity, and reduced work efficiency. Problems such as increased work intensity are reducing the influx of young people into labor, along with the phenomenon of avoidance of high intensity labor by the younger generation. In addition, the rapid aging of the population and decrease in the young labor force aggravate the labor shortage problem in the maritime industry. To overcome this, the maritime industry has recently introduced technologies such as an intelligent production design platform and a smart production operation management system, and a smart autonomous logistics system in one of these technologies. The smart autonomous logistics system is a technology that delivers various goods using intelligent mobile robots, and enables the robot to drive itself by using sensors such as lidar and camera. Therefore, in this paper, it was checked whether the mobile robot could autonomously drive to the stop sign by detecting the passage way of the ship deck. The autonomous driving was performed by detecting the passage way of the ship deck through the camera mounted on the mobile robot based on the data learned through Nvidia's End-to-end learning. The mobile robot was stopped by checking the stop sign using SSD MobileNetV2. The experiment was repeated five times in which the mobile robot autonomously drives to the stop sign without deviation from the ship deck passage way at a distance of about 70m. As a result of the experiment, it was confirmed that the mobile robot was driven without deviation from passage way. If the smart autonomous logistics system to which this result is applied is used in the marine industry, it is thought that the stability, reduction of labor force, and work efficiency will be improved when workers work.

• Journal of Navigation and Port Research
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• v.41 no.6
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• pp.451-466
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• 2017

Deep-sea fishing vessel No. 501 Oryong was fully flooded through its openings and sunk to the bottom of the sea due to the very rough sea weather on the way of evasion after a fishing operation in the Bearing Sea. As a result, many crew members died and/or were missing. In this study, a full-scale ship flooding sinking simulation was conducted, and the sinking process was analyzed for the precise and scientific investigation of the sinking accident using highly advanced Modeling & Simulation (M&S) system of Fluid-Structure Interaction (FSI) analysis technique. To objectively secure the weather and sea states during the sinking accident in the Bering Sea, time-based wind and wave simulation at the region of the sinking accident was carried out and analyzed, and the weather and sea states were realized by simulating the irregular strong wave and wind spectrums. Simulation scenarios were developed and full-scale ship and fluid (air & seawater) modeling was performed for the flooding sinking simulation, by investigating the hull form, structural arrangement & weight distribution, and exterior inflow openings and interior flooding paths through its drawings, and by estimating the main tank capacities and their loading status. It was confirmed that the flooding and sinking accident was slightly different from a general capsize and sinking accident according to the simple loss of stability.

• Journal of the Korean Geotechnical Society
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• v.34 no.11
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• pp.81-92
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• 2018

For a marine bridge foundation construction, a large-circular-steel-pipe has been proposed for supporting vertical load and preventing water infiltration. However, a ship collision can adversely affect the structural stability. This paper presents a fundamental study on dynamic responses of the large-circular-steel-pipe by an impact load. In laboratory experiments, small-scaled steel pipe is installed in a soil tank. The soil height and water level are set to 23 cm and 25~70 cm, respectively. The upper part of the steel pipe is impacted using a hammer to simulate the ship collision. The dynamic responses are measured using accelerometers and strain gauges. Experimental results show that the strain decreases as the measured location is lowered. The higher frequency components appear in the impact load condition compared to the microtremor condition. However, the higher frequency components measured at the strain gauge located below the water level do not appear. For the accelerometer signal, the maximum frequency under the impact load is higher than that of the microtremor. The maximum frequency decreases as water level increases but it is larger than the maximum frequency of the microtremor. This study shows that strain gauge and accelerometer can be useful for evaluating the dynamic responses of large-circular-steel-pipes.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.22 no.2
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• pp.487-495
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• 2021

The voltages mainly used in ships are 450 [V], 6.6 [kV], and 11 [kV], and an earthed system is applied to ensure the stability of the power distribution system. In general, low-voltage ships using 450 [V] apply an unearthed system, while high-voltage ships using 6.6 [kV] or 11 [kV] use a high-resistance earthed system. When an earth fault occurs in a ship's power distribution system, the voltage of the healthy phase increases to the line-to-line voltage or higher, which causes an excessive impact on the insulation of the cable. Thus, analyzing this behavior is very important. In this paper, we investigate the characteristics of the line-to-earth voltage variation according to earth faults and a recognition procedure of a faulty phase using the symmetrical coordinate method for a high-resistance earthed system and unearthed system. A mathematical model of the line-to-earth voltage was derived through the symmetric coordinate method, and the ship voltage for simulations was selected as 6.6 [kV] and 450 [V]. A MATLAB simulation proved that this method can determine the highest increase of the line-to-earth voltage, which leads by 120° on the faulty phase, and it accurately judges the faulty phase in both earthed systems.

• Journal of Navigation and Port Research
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• v.46 no.6
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• pp.483-490
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• 2022

Floating LiDAR is a system that provides a new paradigm for wind condition observation, which is essential when creating an offshore wind farm. As it can save time and money, minimize environmental impact, and even reduce backlash from local communities, it is emerging as the industry standard. However, the design and verification of a stable platform is very important, as disturbance factors caused by fluctuations of the buoy affect the reliability of observation data. In Korea, due to the nation's late entry into the technology, a number of foreign equipment manufacturers are dominating the domestic market. The west coast of Korea is a shallow sea environment with a very large tidal difference, so strong currents repeatedly appear depending on the region, and waves of strong energy that differ by season are formed. This paper conducted a study examining buoys suitable for LiDAR operation in the waters of Korea, which have such complex environmental characteristics. In this paper, we will introduce examples of optimized design and verification of ship-type buoys, which were applied first, and derive important concepts that will serve as the basis for the development of various platforms in the future.

• Journal of Advanced Marine Engineering and Technology
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• v.40 no.1
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• pp.39-44
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• 2016

Automated voltage regulators (AVRs) are used on ships and offshore to automatically adjust the voltage based on real-time output voltage readings of the generator engine. Analog-type AVR was previously more commonly used, but is slowly being replaced with digital-type AVR because of increased demands of response time. This study presents a new digital AVR system that contains appropriate features of the AVR with respect to offshore unstable load conditions and poor operating conditions. Furthermore, experiments of load and voltage change prove the excellence of stability and response of the proposed system compared to previous AVR systems. Additionally, an integrated control system for a monitoring the output voltage and field current was developed to easily set the gain value.

• Journal of Power System Engineering
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• v.16 no.2
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• pp.66-74
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• 2012

In this paper, the authors propose a new approach to control a barge type surface vessel. It is based on the Dynamic Positioning System(DPS) design. The main role of barge ship is to carry and supply the materials to the floating units and other places. To carry out this job, it should be positioned in the specified area. However sometimes the thrust systems are installed on it, and in general the rope control by mooring winch system is used. It may be difficult to compare the control performances of two types. If we consider this problem in point of usefulness, we can easily find out that the winch control system is more useful and applicable to the real field than the thrust control system except a special use. Therefore, in this paper we consider a DPS design problem which can be extended to the many application fields. The goal of this paper is twofold. First, the sliding mode controller (SMC) for positioning the our vessel is proposed. Especially, in this paper, a robust stability condition is given based on descriptor system representation. In the result, the sliding mode control law guarantees to keep the vessel in the defined area in the presence of environmental disturbances. And second, the thrust allocation problem is solved by using redistributed pseudo-inverse (RPI) algorithm to determine the thrust force and direction of each individual actuator. The proposed approach has been simulated with a supply vessel model and found work well.

• Journal of the Society of Naval Architects of Korea
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• v.34 no.4
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• pp.1-11
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• 1997

When a barge is towed by a tug boat using a tow line, the barge is frequently subject to a large sway motion induced from its inherent yaw motions. This large sway motion combined with external forces due to winds and waves may makes the towing to be difficult or even dangerous. It has been reported that in worse situations, barges or tugs are capsized. In addition, the large sway motion of the towed barge gives a menace to the safety of ships navigating nearby. This paper is the results of the experimental investigation into the course stability of an 8,000 DWT barge using a Towing Tank and a Circulating Water Channel. Various skegs are designed and course stability tests for the barge with skegs are conducted in calm water and in irregular waves. It is observed that an effective skeg attached to the barge enables the sway motion to be zero while the sway amplitude of the bare hull is around 10 times its breadth.

• Journal of the Korean Society of Propulsion Engineers
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• v.18 no.3
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• pp.8-16
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• 2014

This paper analyzes the effects of sideslip angle(SA) on the buzz margin of supersonic intake. The buzz margin is assumed to be stabilized by a controller which generates command depending only on the longitudinal sensor measurements. The analysis is performed based on three dimensional CFD results with which the sensor measurements can be simulated. In such a control system based on the longitudinal measurements, unexpected lateral flow perturbation results in the increase in the total angle of attack(TAoA), that causes the degradation of the engine intake performance. As a consequence, it is shown that the control stability is reduced such that additional control margin needs to be secured.