• Journal of the Society of Naval Architects of Korea
• /
• v.60 no.2
• /
• pp.86-94
• /
• 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.

• Journal of Navigation and Port Research
• /
• v.28 no.6
• /
• pp.509-515
• /
• 2004

The aim of this paper is to forecast passenger numbers and freight volumes in 2005 and it is proposed optimal tonnage of passenger ship. The forecasting of passenger numbers and freight volumes is important problem in order to determine optimal tonnage of passenger ship, port plan and development. In this paper, the forecasting of passenger numbers and freight volumes are performed by the method of neural network using back-propagation learning algorithm. And this paper compares the forecasting performance of neural networks with moving average method and exponential smooth method As the result of analysis. The forecasting of passenger numbers and freight volumes is that the neural networks performed better than moving average method and exponential smoothing method on the basis of MSE(mean square error) and MAE(mean absolute error).

• Proceedings of the KSR Conference
• /
• 2011.05a
• /
• pp.255-262
• /
• 2011

KORAIL's Rail freight tonnage approximately 39 million tons in 2010, coal transportation thereof approximately 6.2 million tons, it is about 15.7 percent in the entire railway transportation. In addition, the incomes of rail transport of coal is 51.7 billion won which is about 15.8 percent of total. It is the third largest proportion of tonnage and profit on rail freight items. However, the percentage of rail transport of coal has been decreased by the government policies to reduce the production of anthracite and to supply non-thermal power anthracite preferentially which depends on truck transport. Such reasons effect to transport incomes of stations located in Gangwon province which handle coal transport a lot. Accordingly, this study tries to explicate the fundamental problems and find solution for stations to maintain its incomes.

• Journal of Korea Port Economic Association
• /
• v.31 no.2
• /
• pp.23-40
• /
• 2015

This study measures how Korean shipping policies influence the expansion of the country's merchant fleet using system dynamics. It uses various indexes as factors influencing the gross tonnage of the Korean merchant fleet, such as the Baltic Dry Index, Howe Robinson Container Index, China Containerized Freight Index, and Worldscale Index, as well as the US dollar-Korean won exchange rate, world merchant fleet statistics, and the debt ratio of Korean shipping companies. After establishing the simulation model, the mean absolute percentage error is found to be less than 10%, confirming the accuracy of the model. Therefore, a sensitivity analysis is conducted to measure the influence of the selected shipping policies, including the gross tonnage of vessels registered under the Korean second registry system, loans of publicly owned financial institutions to shipping companies, ship investment fund, and the number of shipping companies participating in the tonnage tax scheme. The sensitivity analysis reveals that the influence of vessel tonnage and loans to shipping companies is the most significant, while that of the number of companies participating in the tonnage tax scheme is minimal.

• KSCE Journal of Civil and Environmental Engineering Research
• /
• v.26 no.5D
• /
• pp.755-761
• /
• 2006

Though freight origin and destination data is essential for analysing transport investment and planning logistics facilities, the study on the establishment of the freight origin and destination data is very rare. The purpose of this study is to introduce a method on weight and expansion of sample freight data focusing on the Seoul metropolitan area. In particular, this study suggests the weight and expansion method which consider truck and commodity tonnage together. This paper also discuss the origin and destination trips in Seoul metropolitan area. This paper will contribute to establish more reliable freight origin and destination data.

• Journal of Navigation and Port Research
• /
• v.45 no.6
• /
• pp.346-351
• /
• 2021

With the goal of eradicating overwork, overload, and speeding of general freight cars(cargo) by the Ministry of Land, Infrastructure and Transport, Infrastructure and Transport, the "The Fare of safe transportation for freight cars System" has been enforced since 2020. 'The Fare of safe transportation for freight cars' rate for each item is being applied and supplemented, but the 'The Cost of safe transportation for freight cars' of general freight cars (cargo) and steel items is under discussion. The purpose of this study was to estimate the willingness to pay( WTP) for cargo. A survey was conducted on shippers, transportation companies (arrangers, carriers), and cargo drivers (using direct questioning among contingent valuation method (CVM) and the Tobit Regression analysis was conducted, and the average and median values of freight rates were derived using the estimated results, and the willingness to pay by tonnage of freight cars was confirmed. It is expected that the results of this study can be used as a reference to the "The Fare of safe transportation for freight cars Committee" an organization for deliberation and resolution of the 'The Cost of safe transportation for freight cars'.

• Journal of Fisheries and Marine Sciences Education
• /
• v.19 no.2
• /
• pp.278-287
• /
• 2007

Since traffic congestion ratio at any given port fluctuates on the number of arriving and departing vessels, the total tonnage of freight volume being handled, and the number of berth in operation and other factors, there exists a need to numerically analyze the waterway traffic volume. However, there are no effective regulations in regards to the waterway traffic analysis prior to expansion of a port facility. The current analysis requires the traffic analysis in relation only to the width of the waterway, which clearly falls short of achieving a comprehensive evaluation study that could be used in consideration of port expansion.This study provides five scenarios to execute a comprehensive evaluation study and base for the sensitivity study by analyzing the scenarios. As a result of the sensitivity analysis, the A, B, and C scenarios varies the average arrival ratio of the berth shows 1.1, 1.19, and 1.28 times of delays respectively. Also, The D and E scenarios take place malfunctions of pier shows 1.21 and 1.53 times of delays respectively. Therefore, various strategies of harbor development and method of harbor management are needed for the flexible correspondence to the environmental changes such as the excessive increasing of the freight volume and often taking place of malfunctioning.

• Journal of Korean Society of Transportation
• /
• v.24 no.2 s.88
• /
• pp.53-63
• /
• 2006

The objective of this study is to estimate Korean transportation service index (KTSI), and to explore possible uses of the KTSI. The KTSI was monthly index to represent the level of passenger and freight services by road, railroad, air and maritime modes, which was developed from eight series. Four of these series measure the level of passenger services (passenger-kilometers) by road, railroad. air and maritime modes : monthly data from January 1995 to December 2004. Similarly. the remaining four series measure the level or freight activity (tonnage) by four modes during the same period. Given the weights of modal revenues, component series were aggregated into two indexes (passenger index and freight index) and a composite index using Chained Fisher Ideal index. which was a geometric mean of the Laspeyres index and the Passche index. The Fisher Ideal index is one of the 'superlative' indexes, which diminish 'substitution bias' as current-weighted indexes. As a result, the freight index and the composite index explain economic conditions better than the passenger index. Based on the composite index. the newly estimated KTSI shows an average lag time of one and a half years at peaks and three months at troughs in comparison with domestic business cycles. Nonetheless. the following efforts are needed for more credible and useful estimates; establishment of data collection scheme in time. credibility uplift of used data, development of various indexation methods.

• Journal of the Korean Society for Railway
• /
• v.19 no.5
• /
• pp.672-684
• /
• 2016

UIC Codes 714R & 715R recommend the use of line classifications and their usage in maintenance work by employing notional traffic loads. However, the classification has not been applied to local lines and, therefore, a new line classification system based on UIC 714R has been proposed in this study. For this, various classification models of UIC, Germany, and UK have been studied first and equivalent traffic loads based on Korail's report, as well as on train timetables, have been derived. The results of the classifications have been compared with those of major European countries and it has been shown that the proposed classification is equivalent to the average value in the European cases. The line classification can be fully utilized during the decision making process of maintenance work and will also be used to model the Reliability Centered Maintenance (RCM) in the future.

• Journal of Korea Port Economic Association
• /
• v.27 no.2
• /
• pp.297-311
• /
• 2011

This paper deals with a strategic investment decision model for improving investment profit in shipping industry. Despite the quantitative expansion of Korean shipping business, many shipping firms have suffered financial difficulties due to financial and operating risks that result from the characteristics of capital-intensive business as well as of volatility of shipping markets. As a result, managers in charge of making an investment decision, particularly in tramper business sector, are required to take both financial and operating risk factors into consideration. Put it differently, managers are strongly recommended to avoid these risks by ship asset play; buy-low and sell-high, which results in considerable capital gain and cost reduction. In addition, managers in shipping industry are also recommended to consider the ship chartering investment alternative when the freight markets show extreme volatility as the case of 2008 triggered by sub-prime mortgage financial crisis in USA. For example, the BDI suffered plunging down from 1000 in 2008 to 100 in 2010. Consequently, the 4th largest shipping company in Korea, DAEHAN Shipping Co., has collapsed primarily due to excessive tonnage expansion during the peak time of bulk market. In sum, the strategic investment decision model, suggested in this paper, is designed to include such factors as capital gain by asset play, timely chartering for alternative shipping service, and optimization of operating profit by tonnage adjustment in accordance with change in the shipping markets concerned.