2008년 글로벌 금융위기 이후 10여년 동안 글로벌 해운시장은 장기불황을 겪고 있다. 선복 과잉공급 및 세계경기 둔화로 인한 수요부족에 당면한 많은 해 운기업들이 자체적인 구조조정을 진행하고 있으며, 주요 해운 선진국들도 정부 차원의 해운산업 지원정책을 추진하고 있다. 특히 우리나라는 2017년 한진해운 파산 이후로 선박 및 해외 터미널의 매각 등의 어려움을 겪었음에도 불구하고, 해운재건 5개년 계획을 통해 해운업의 경쟁력을 복원하기 위해 노력하고 있다. 따라서 이 연구는 우리나라 해운산업의 위기극복 전략을 살펴보고, 글로벌 경쟁력을 확보하기 위한 해운정책의 개선방안을 제시하고자 한다. 이를 위해 환경규제, 인수합병, 4차산업혁명 등 글로벌 해운을 둘러싼 환경변화에 따른 우리 나라와 경쟁관계에 있는 일본과 중국의 경쟁력 강화 전략을 분석해서 시사점을 도출하였다.

This study was performed to test the feasibility of thermophilic (55oC) co-digestion of municipal sewage sludge and food wastes. The management variables of co-digestion were the mixed ratios of municipal sewage sludge and food waste hydraulic retention times (HRTs). During the operation of thermophilic co-digestion, the reactor pH ranged from 7.0 to 7.5 and the reactor alkalinity remained above 3,200 to 4,000 mg/L as CaCO3. The volatile fatty acids concentration increased as the HRT shortened from 20 days to 10 days and the mixture ratio increased to 1:4, but did not reach toxic levels for co-digestion of sewage sludge and food wastes. Methane productivity increased gradually as the organic loading rate increased. Maximum methane productivity reached 1.03v/v-d at an HRT of 10 days and at the mixture ratio of 1:4. The TVS removal efficiency decreased from 70.6% to 58.3% as the HRT shortened from 20 days to 10 days. TVS removal efficiency ranged from 57.0% to 77% during the entire operation. It is likely that thermophilic co-digestion of sewage sludge and food wastes is a very effective method both to environmentally treat food waste and to economically produce gas for energy.

This paper aims to investigate the time-varying systematic risk of the stocks of Korean logistics firms. For this purpose, the period from January 1991 to October 2016 was examined with respect to 21 logistics companies that are listed on the Korea Exchange. The systematic risk of the logistics stocks is measured in terms of the Capital Asset Pricing Model (CAPM) beta for which the sensitivity of a stock is compared to the return changes of the whole market. Overall, the betas of the stocks of the Korean logistics companies are significantly lower than those of the market unity; however, it was revealed that the logistics betas are not constant, but are actually time-varying according to different economic regimes, which is consistent with the previous empirical findings. This finding is robust across different measurements of the logistics betas. In addition, the impact of macroeconomic factors on the logistics betas was examined. The present study shows that the logistics betas are positively associated with foreign exchange-rate changes

The required for Mla12 resistance (RAR1) protein is essential for the plant immune response. In rice, a model monocot species, the function of Oryza sativa RAR1 (OsRAR1) has been little explored. In our current study, we characterized the response of a rice osrar1 T-DNA insertion mutant to infection by Magnaporthe oryzae, the causal agent of rice blast disease. osrar1 mutants displayed reduced resistance compared with wild type rice when inoculated with the normally virulent M. oryzae isolate PO6-6, indicating that OsRAR1 is required for an immune response to this pathogen. We also investigated the function of OsRAR1 in the resistance mechanism mediated by the immune receptor genes Pib and Pi5 that encode nucleotide binding-leucine rich repeat (NB-LRR) proteins. We inoculated progeny from Pib/osrar1 and Pi5/osrar1 heterozygous plants with the avirulent M. oryzae isolates, race 007 and PO6-6, respectively. We found that only Pib-mediated resistance was compromised by the osrar1 mutation and that the introduction of the OsRAR1 cDNA into Pib/osrar1 rescued Pib-mediated resistance. These results indicate that OsRAR1 is required for Pib-mediated resistance but not Pi5-mediated resistance to M. oryzae.

Disease is one of the significant factors to damage for the crop productivity, including rice. Although there are many methods to avoid from several diseases such as chemical pesticides and biological treatments, it has been appreciated that the most economical and environmentally effective method of disease control is application of resistance genes. A survey (Dardick & Ronald, 2006) reported that plant kinome has a small number of non-RD kinase (nRDK) (4-29% of total kinase), all known or predicted pattern recognition receptors (PRRs) fall into the class. We here introduce a strategy to identify rice resistance genes that are probably encoding PRRs. We selected 130 nRDK genes by combinational analysis of QTL and bioinformatics, 61 of rice mutant lines of 130 candidates inoculated by Xanthomonas oryzae pv. oryzae (Xoo) and Magnaporthe grisea. (M. grisea), and disease progression was monitored. Lesion lengths of the activation mutant lines for nRDK-08 and nRDK-18 genes reduced more than 34% compared to wild type of rice (Dongjin) and other mutant lines. The nRDK-03 and nRDK-17 gene activation rice line had remarkably smaller lesion lengths by M. grisea infection. Our results suggest that a reverse genetic approach using bioinformatics and T-DNA tagging system successfully identified nRDK genes conferring a resistance against Xoo and M. grisea.

Recent collapse of shipping market right after unprecedent surge clearly demonstrates that shipping industry is extremely risky. Due to the volatile movements of the freight rates, investors tend to ask higher rate of return; higher required return reduces the total net present value of the investment project. For several decades, the Discounted Cash Flow(DCF hereafter) analysis has been the most frequently used valuation technique. However, the main problem of the DCF analysis is its assumption that the discount rate would stay the same during the project life. In other words, it usually does not address the decisions that managers have after a project has been accepted. The purpose of this study is investigate a new valuation method of investment: the Real Option Analysis(ROA hereafter) on ship investment. By replacing the existing valuation methods with the new one, the research will present a new perspective on investment with uncertainty. While uncertainty increases risk of investment and consequently discounts the value of it in the traditional feasibility analysis, in the ROA, a new valuation method which will be addressed in the research, uncertainty means some additional value of flexibility so that the tool can help investors produce more accurate decisions. Contrary to the DCF analysis, the ROA takes managerial flexibilities into account. In reality, capital budgeting and project management is typically dynamic, rather than static in nature. The ROA finds and assesses the values of managerial flexibilities or real options in the investments. The main structures of the research will be as follows: (1) overview of the ship investment project, (2) evaluation of the project by the Net Present Value analysis, (3) evaluation of the same project by the Real Option Analysis, (4) comparision of the two techniques.