The Suggestion for Establishment of Korea Maritime Council

There are approximately 400 liner services in operation today, most providing weekly departures from all the ports that each service calls. Liner vessels, primarily in the form of containerships and roll-on/roll-off ships, carry about 60 percent of the goods by value moved internationally by sea each year. The liner shipping sector moves mostly containerized goods and vehicles. For example, HJS and HMM are major shipping companies in the world, and they have to comply with this regulations imposed by banks. But, investments and newbuilding done by shipping has been decreased. Moreover, in difficult markets, larger ships to reduce unit cost, that means less cargoes(demand), much spaces(supply), which leads rather fierce competition in last stage. In this modern maritime business, larger ships is major trend to cope with hub and spoke concept and economies of scales. It is necessary to establish some forum or council to share maritime matters in field and in theory to cope with difficult and competitive world shipping markets. Therefore, it is strongly required to set up, Korea Maritime Council, so called, to talk maritime matters generally as well as References