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Research Project Report

Research Project Report 상세보기
Change in Global Trade Patterns and Response Strategies of the Shipping Industry
Report No. 2014-04 Research Manager Chun, Hyung-Jin
File

Prospect of for the changing global trade patterns


The spread of multilateral free trade including WTO and regional free trade agreements including FTA and the development of communications and transportation technologies decrease cost and lower physical trade barrier.

Newly-emerging countries are under a spot light as a new trade hub, as the foreign direct investment, production and trade in developing countries grow and the income of emerging countries increases along with the increasing number of middle-income class.

China and India witness rapid economic development and economic integrates at an accelerated pace in East Asian countries. It is therefore forecasted that East Asian market will make the world’s biggest economic block.

Advanced countries paid attention on the job-creation and income-generation effects of the manufacturing industry after the global financial crisis. They executed so-called re-shoring strategies in which production base is established on their home land or neighboring countries.

China and India import a massive quantity of low-priced energy and raw materials from Australia, Brazil, Africa, etc. Therefore, it is predicted that new shipping routes for dry bulk and oil tanker will be in operation and promoted to meet the new demands.


Direction to respond to changes in the shipping market


Container ship market

Have a strategic alliance with major shipping companies that operate Asian, Middle Eastearn and African routes and develop a differentiated service with global shipping companies such as Maersk.

Purchase eco ship and super tankers at the right timing to have coast leadership

Develop a financial support to subsidize the purchase of eco ships and super tankers.

Secure an ability to collect and predict the related market information to have competitive edge in the newly emerging markets and high added-value markets.


Dry bulk market

Review joint service and a pool system of cape-size fleet before introducing a shipping pool system.

Conduct sales and marketing activities to shippers considering a joint fleet and a pool vessel as the same unit

Promote a long-term carrier contract such as COA or CVC considering a joint fleet and a pool vessel as a unit

Develop a fleet organization and service to provide customized services to major shippers of raw material importing and exporting countries


Oil tanker market


Secure cargo volume of Korean ship owners first and deploy aggressive sales marketing activities in the spot market

Create a fleet pool through cooperation among national flag carriers to be prepared for a freight rate war and secure economically feasible ships


Countermeasures of shipping companies and government


Countermeasures of shipping companies


Reduce logistics cost systematically and generate profits

Identify high added-value and differentiated businesses including the measures to enter the fresh goods shipping market along with the development of refrigerating shipping containers

Review an introduction of a shipping pool system, implement sales and marketing activities considering a joint fleet and a pool ship as a unit and have a long-term carrier contract

Continue to monitor changes in the trade patterns, supply and sea routes by type of major freight and collect related information to build up a database


Countermeasures of the government


Gradually increase capital of the Shipping Guarantee Agency and the scale of subsidy

Develop additional support measures including utilization of domestic and overseas capital market or subordinated guarantee based on the ship investment company system.

Provide an intensive support for supertankers through the Shipping Financial Center, the Maritime Guarantee Agency, and the Eco-ship Fund of The Export-Import Bank of Korea.

Support ship investing firms through private equity funds

Give additional points to the public corporations that consumes raw materials and energy including oil, coal and iron ore and uses national flag carrier when transporting them.


Research Project Report 상세보기
Change in Global Trade Patterns and Response Strategies of the Shipping Industry
Report No. 2014-04 Research Manager Chun, Hyung-Jin
File

Prospect of for the changing global trade patterns


The spread of multilateral free trade including WTO and regional free trade agreements including FTA and the development of communications and transportation technologies decrease cost and lower physical trade barrier.

Newly-emerging countries are under a spot light as a new trade hub, as the foreign direct investment, production and trade in developing countries grow and the income of emerging countries increases along with the increasing number of middle-income class.

China and India witness rapid economic development and economic integrates at an accelerated pace in East Asian countries. It is therefore forecasted that East Asian market will make the world’s biggest economic block.

Advanced countries paid attention on the job-creation and income-generation effects of the manufacturing industry after the global financial crisis. They executed so-called re-shoring strategies in which production base is established on their home land or neighboring countries.

China and India import a massive quantity of low-priced energy and raw materials from Australia, Brazil, Africa, etc. Therefore, it is predicted that new shipping routes for dry bulk and oil tanker will be in operation and promoted to meet the new demands.


Direction to respond to changes in the shipping market


Container ship market

Have a strategic alliance with major shipping companies that operate Asian, Middle Eastearn and African routes and develop a differentiated service with global shipping companies such as Maersk.

Purchase eco ship and super tankers at the right timing to have coast leadership

Develop a financial support to subsidize the purchase of eco ships and super tankers.

Secure an ability to collect and predict the related market information to have competitive edge in the newly emerging markets and high added-value markets.


Dry bulk market

Review joint service and a pool system of cape-size fleet before introducing a shipping pool system.

Conduct sales and marketing activities to shippers considering a joint fleet and a pool vessel as the same unit

Promote a long-term carrier contract such as COA or CVC considering a joint fleet and a pool vessel as a unit

Develop a fleet organization and service to provide customized services to major shippers of raw material importing and exporting countries


Oil tanker market


Secure cargo volume of Korean ship owners first and deploy aggressive sales marketing activities in the spot market

Create a fleet pool through cooperation among national flag carriers to be prepared for a freight rate war and secure economically feasible ships


Countermeasures of shipping companies and government


Countermeasures of shipping companies


Reduce logistics cost systematically and generate profits

Identify high added-value and differentiated businesses including the measures to enter the fresh goods shipping market along with the development of refrigerating shipping containers

Review an introduction of a shipping pool system, implement sales and marketing activities considering a joint fleet and a pool ship as a unit and have a long-term carrier contract

Continue to monitor changes in the trade patterns, supply and sea routes by type of major freight and collect related information to build up a database


Countermeasures of the government


Gradually increase capital of the Shipping Guarantee Agency and the scale of subsidy

Develop additional support measures including utilization of domestic and overseas capital market or subordinated guarantee based on the ship investment company system.

Provide an intensive support for supertankers through the Shipping Financial Center, the Maritime Guarantee Agency, and the Eco-ship Fund of The Export-Import Bank of Korea.

Support ship investing firms through private equity funds

Give additional points to the public corporations that consumes raw materials and energy including oil, coal and iron ore and uses national flag carrier when transporting them.


이전글, 다음글 읽기
이전글 A Study on Measures to Improve Eco-Friendly Technology Certification (Green Certification) in Port Logistics
다음글 Measures to vitalize shipping finance by improving the role of the capital market