• Title/Summary/Keyword: shipping container

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A Trend Analysis on Export Container Volume Between Korea and East Asian Ports (우리나라와 동아시아 항만간의 수출 컨테이너 물동량 추이 분석)

  • Lee, Choong-Bae;Noh, Jin-Ho
    • Journal of Korea Port Economic Association
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    • v.34 no.2
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    • pp.97-114
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    • 2018
  • The East Asian region, an important part of Korea's imports and exports, is expected to grow further driven by the geographical, political, economic, social, and cultural complementarity. With the recent increase in imports and exports, the port trade volume between Korea and East Asian countries is also growing. However, due to various factors, such as economic size, growth rate, port infrastructure level, and geographical location of these countries, the volume of traffic with these ports is fluctuating. Despite much research on the volatility of port trade volume and changes in port network, this study tries to supplement the gap in a more detailed study of ports in Korea and East Asia since these kinds of studies are limited. The purpose of this study is to analyze the trend of distribution routes of export container cargo among ports in Korea and to present policy and practical implications of Korean trading companies, shipping companies, logistics companies, and port authorities. This study analyzes the variability of the trade volume between Korea's major ports and Daedong. Results show that Shanghai, Ningbo, Ho Chi Minh, and Haiphong were the most important factors in terms of size and volume increase. In terms of ports, the Busan port is the port responsible for trades with Yantai, Weihai, Hakata, Kobe, Ho Chi Minh, and Haiphong; Incheon port deals with Lianyungang, Tianjin, Osaka, Kobe, Ho Chi Minh, Haiphong; Gwangyang port trades with Tianjinxingang, Weihai, Yokohama, Mihn and Tanjong, and Ulsan port is strategically important for the Yantai, Lianyungang, Nagoya, Kobe, Ho Chi Minh and Portkelang ports. Therefore, the Korean government, port authorities, and shipping and logistics companies need to strengthen logistic network cooperation with these ports and actively promote investments in them.

Economic analysis by reduction of calling port and mega containership (선박 대형화 및 기항지 축소에 따른 경제성 분석)

  • 남기찬;곽규석;송용석;김태원;오효진
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2004.04a
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    • pp.413-419
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    • 2004
  • In these days, 8,000TEU container ship service launches in shipping service at latest based on the economy of scale, unit cost related with ship operation on ocean decreases in proportion to increase of ship scale and mega ship over 10,000TEU is on planning. Most of the exiting researches have performed from the perspective of total operation cost from mega port to mega port. However, the purpose of this paper is to estimate economic efficiency by ports selected Hub port from total cost point of view, operation cost, port charge, feeder cost, etc.

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Analysis on Status about Container Terminal of ShangHai Port (상하이항의 컨테이너 터미널 현황 분석)

  • Xuan Hui-Ying;Noh Chang-Kyun
    • Proceedings of KOSOMES biannual meeting
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    • 2004.11a
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    • pp.77-81
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    • 2004
  • As developing for dozens of years, East Asia has been a central area of world economic and trade growth. The containerization of East Asia also goes up rapidly. With the development of this area, countries all try hard to dispute the status of international shipping centre. The competitors of Shanghai Port are Busan Port, Kobe Port and GaoXiong Port. This thesis analyses these three Ports and Shanghai Port‘s information. The main point is Shanghai Port’s merits and faults, and also compares these four ports‘ competition of soft and hardware. At last, this thesis expatiates some concrete measures of Shanghai Port's constructing.

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Analysis of Shipping Markets Using VAR and VECM Models (VAR과 VECM 모형을 이용한 해운시장 분석)

  • Byoung-Wook Ko
    • Korea Trade Review
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    • v.48 no.3
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    • pp.69-88
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    • 2023
  • This study analyzes the dynamic characteristics of cargo volume (demand), ship fleet (supply), and freight rate (price) of container, dry bulk, and tanker shipping markets by using the VAR and VECM models. This analysis is expected to enhance the statistical understanding of market dynamics, which is perceived by the actual experiences of market participants. The common statistical patterns, which are all shown in the three shipping markets, are as follows: 1) The Granger-causality test reveals that the past increase of fleet variable induces the present decrease of freight rate variable. 2) The impulse-response analysis shows that cargo shock increases the freight rate but fleet shock decreases the freight rate. 3) Among the three cargo, fleet, and freight rate shocks, the freight rate shock is overwhelmingly largest. 4) The comparison of adjR2 reveals that the fleet variable is most explained by the endogenous variables, i.e., cargo, fleet, and freight rate in each of shipping markets. 5) The estimation of co-integrating vectors shows that the increase of cargo increases the freight rate but the increase of fleet decreases the freight rate. 6) The estimation of adjustment speed demonstrates that the past-period positive deviation from the long-run equilibrium freight rate induces the decrease of present freight rate.

Research on Interest Rate Determinants in Shipping Loans (선박금융의 금리결정 요인에 관한 연구)

  • Chung, Kyung-Suk;Lee, Ki-Hwan;Kim, Myoung-Hee
    • Journal of Korea Port Economic Association
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    • v.40 no.1
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    • pp.133-149
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    • 2024
  • According to previous studies, the key factor in determining the loan interest rate for shipping companies is the default risk premium. Therefore, this study analyzes the determinants of the risk premium of shipping loans using a multiple linear regression model. With the risk premium as the dependent variable, a total of 10 independent variables are selected, including three factors: loan characteristics, borrower's creditworthiness, and economic situation. Samples are 82 shipping loans supported by Bank A from 2014 to 2022. As a result, borrower's creditworthiness(current ratio, debt ratio, firm age) and economic situation(freight index) affect the risk premium in analysis for all samples. It is found that borrower's creditworthiness has some influence on the risk premium for container ships(current ratio, cash holding ratio, debt ratio, operating income to sales) and bulk carriers(debt ratio, firm age). Market situation affects the risk premium in gas carriers. However, in the model targeting tanker ships, unlike previous studies, all factors have no effect on the risk premium.

A study on strategies to attract container cargoes in Incheon - with the case of container O/D analysis - (인천항 컨테이너 화물 유치방안에 대한 연구 -컨테이너 OD분석을 중심으로-)

  • Chung Tae-Won;Choi Sae-Kyung
    • Journal of Navigation and Port Research
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    • v.30 no.6 s.112
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    • pp.471-481
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    • 2006
  • This paper aims to provide strategies to attract container cargoes for the Incheon port by analysing O/D of the container cargoes with the year-2004 export and import data from. The Korean customs service. O/D analysis was carried out with establishing optimal zones, which are defined as City, Gun, Gu(Korean administrative districts) to which the export-import service can be provided from a certain port with minimized freight(or transport) cost and stevedoring fee. For the Incheon port, 35 administrative districts including Seoul and Incheon in Kyunggi-Do and Kangwon-Do are recognized as the optimal zones, and approximately 25.50% of around 2.02-million-TEU per year of the cargoes from the zones are exported and imported through the port. The strategies to attract container cargoes was suggested by comparing the Incheon port to supposed-competitive ports. The Busan port(64.89%), Guangyang port(4.46%) and Pyeongtaeck port(3.35%) are supposed as the competitive ports which have a large proportion of handling the cargoes from the optimal zones. When comparing the Incheon port to these ports. The Incheon port requires a distinctive cost strategy, providing incentives to attract shipping companies and cargoes, improving efficiency related to loading-unloading at the port, and reinforcing Feeder-Network and advertisements about cost-saving to the shippers(the owners of goods) in the national capital region Consequently, the mentioned requirements are suggested as the strategies to attract cargoes for the Incheon port.

A study on strategies to attract container cargoes in Incheon - with the case of container O/D analysis ­ (인천항 컨테이너 화물 유치방안에 대한 연구 -컨테이너 OD분석을 중심으로-)

  • Chung Tae-Won;Choi Sae-Kyung
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2006.06b
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    • pp.289-299
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    • 2006
  • This paper aims to provide strategies to attract container cargoes for the Incheon port by analysing O/D of the container cargoes with the year-2004 export and import data from. The Korean customs service. O/D analysis was carried out with establishing optimal zones, which are defined as City, Gun, Gu(Korean administrative districts) to which the export-import service can be provided from a certain port with minimized freight(or transport) cost and stevedoring fee. For the Incheon port, 35 administrative districts including Seoul and Incheon in Kyunggi-Do and Kangwon-Do are recognized as the optimal zones, and approximately 25.50% of around 2.02-million-TEU per year of the cargoes from the woes are exported and imported through the pan. The strategies to attract container cargoes was suggested by comparing the Incheon port to supposed-competitive pons. The Busan portn(64.89%), Guangyang port(4.46%) and Pyeongtaeck port(3.35%) are supposed as the competitive pons which have a large proportion of handling the cargoes from the optimal zones. When comparing the Incheon port to these ports, The Incheon pan requires a distinctive cost strategy, providing incentives to attract shipping companies and cargoes, improving efficiency related to loading-unloading at the port, and reinforcing Feeder-Network and advertisements about cost-saving to the shippers(the owners of goods) in the national capital region. Consequently, the mentioned requirements are suggested as the strategies to attract cargoes for the Incheon port.

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Comparing Expected Numbers of Re-Handles for Empty Containers During Gate-Out Operation (공 컨테이너 반출 시 발생하는 재취급 횟수 비교)

  • Lee, Hoon;Kim, Kap-Hwan
    • Journal of Navigation and Port Research
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    • v.42 no.3
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    • pp.207-216
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    • 2018
  • If empty containers from multiple shipping liners are mixed together in the same bay, then the space utilization increases; however, the expected number of re-handles also increases. Formulas for estimating the expected number of re-handles are derived for various storage strategies and two types of handling equipment. The expected number of re-handles is compared, through numerical experiments, among those cases. The results of the numerical experiments are used to analyze the change in the number of expected re-handles according to the change in the retrieval ratio and repair ratio. The impacts of the change in the bay size and the distribution of the storage and retrieval ratio of containers among multiple vessel liners on the expected number of re-handles are analyzed. It is necessary to study efficient operational strategies considering the expected number of re-handles for empty containers.

Design and Performance Evaluation of Superstructure Modification for Air Drag Reduction of a Container Ship (공기저항 저감을 위한 컨테이너선 상부구조물 형상설계 및 성능평가)

  • Kim, Yoonsik;Kim, Kwang-Soo;Jeong, Seong-Wook;Jeong, Seung-Gyu;Van, Suak-Ho;Kim, Jin
    • Journal of the Society of Naval Architects of Korea
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    • v.52 no.1
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    • pp.8-18
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    • 2015
  • Reduction of the fuel oil consumption and corresponding greenhouse gas exhausted from ships is an important issue for today's ship design and shipping. Several concepts and devices on the superstructure of a container ship were suggested and tested in the wind tunnel to estimate the air drag reduction. As a preliminary performance evaluation, air drag contributions of each part of the superstructure and containers were estimated based on RANS simulation respectively. Air drag reduction efficiency of shape modification and add-on devices on the superstructure and containers was also estimated. Gap-protectors between containers and a visor in front of upper deck were found to be most effective for drag reduction. Wind tunnel tests had been carried out to confirm the drag reduction performance between the baseline(without any modification) configuration and two modified superstructure configurations which were designed and chosen based on the computation results. The test results with the modified configurations show considerable aerodynamic drag reduction, especially the gap-protectors between containers show the largest reduction for the wide range of heading angles. RANS computations for three configurations were performed and compared with the wind tunnel tests. Computation result shows the similar drag reduction trend with experiment for small heading angles. However, the computation result becomes less accurate as heading angle is increasing where the massively separated flow is spread over the leeward side.

Structural Optimization of the Mobile Harbor Carne Considering Sea State (해상 상태를 고려한 모바일하버용 크레인의 구조최적설계)

  • Lee, Jae-Jun;Lim, Won-Jong;Jeong, Seong-Beom;Jung, Ui-Jin;Park, Gyung-Jin
    • Journal of the Computational Structural Engineering Institute of Korea
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    • v.25 no.1
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    • pp.27-36
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    • 2012
  • The mobile harbor is a new concept system to solve the problems of a port. These problems are that container ships cannot be anchored at the dock because they have become larger or the waiting times of anchoring the ships are increased due to heavy container traffic. A new system is designed to carry out the loading and unloading of containers between the mobile harbor and the container ship using the mobile harbor crane at sea. The crane plays an important role when transferring the containers. In this research, various types of the mobile harbor crane are proposed and structural optimization for each type of the crane is carried out. The loading conditions consider the rolling and pitching conditions of the unstable sea state and the wind force are considered. The constraints are mainly the regulations made by the Korean Register of Shipping. The structure of the crane is optimized to minimize the mass while various constraints are satisfied.