Port managment development—a strategy for the provision of a training capability in developing countries

The absence of formal career-development programmes and the apparent low priority given to the development of human resources in the ports of developing countries has led to a severe shortage of suitably qualified and experienced managers. At the centre of this problem lies the formidable barriers to the establishment of a local training capability to meet the diverse and often specialized needs of this industry. This paper examines the nature and scale of the management-training requirements of the ports of developing countries. Further, it briefly describes the background to UNCTAD's role in the field of management training and outlines the objectives of its training strategy for the 1980s. An important component of this strategy is the 'Improving port performance project which is designed to prepare structured learning materials using audio-visual techniques and is proposed as one solution to establishing a local training capability in developing countries.     

The dynamic relationships between paper petroleum refining and physical trade of crude oil into the United States

This article examines the relationship between refinery margins traded on paper using petroleum futures (the paper refinery) and the physical trade of crude oil into the US. Computations of a 3:2:1 crack spread were constructed using daily observations of second- and third-nearby unleaded gasoline and heating oil futures contracts traded on the New York Mercantile Exchange (NY MEX) and spot Brent crude oil prices. The crack spread represents the margin between the cost of crude oil feed stock today and the value of the products produced by a refinery in the future. Unit root tests on each of the time series found crack spreads to be stationary while crude oil imports were found to be non-stationary. A s the two series were found to be integrated of different order, cointegration analysis of the two series was not deemed appropriate. Instead, linear relationships between crack spreads and imports were examined using causality tests. It was found that the 2-month 3:2:1 crack spread Granger-causes crude oil imports and that this causality is unidirectional. The significance of these findings lies in the fact that other industries like tanker shipping derive their demand from the demand for, and trade in, petroleum. Crack spreads, therefore, can provide a leading indicator for short term developments in tanker demand. For a chartering manager who has ships on the spot market, crack spreads can help him/her anticipate demand developments and influence vessel deployment and chartering decisions.     

Conditional modelling of tanker market risk using route specific freight rates

This paper provides statistical evidence in support of the view, widely held in the tanker industry, that there are systematic differences in the degree of risk involved in investing in tankers of different sizes, and in operating tankers in spot and time charter markets. The industry view, broadly supported by the results of this paper, is that larger vessels are 'risker' assets than smaller vessels, and operating vessels in the time-charter market is less risky than employing them on a spot basis. The results are obtained by using a method derived from the financial economics literature, which models both the conditional mean and variance of a variable, known as GARCH modelling. Only one other paper has applied this method to the tanker market, and these results provide confirmatory support of those findings.     

Computer Simulation of Thermal-Mechanical Processing

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Study of in-vehicle route guidance systems for improvement of right-side drivers in the Japanese traffic system

A country can adopt one of two standards for traffic flow — cars may travel on the left or right side of the road. When drivers who are accustomed to driving on the right side of the road drive on the left side, and vice versa, the mental workload is likely increased due to the driver’s unfamiliarity with a new language, the position of the driver’s seat, different driving directions, and other factors that differ from those of their home country. One method of doing this is to make sure that the in-vehicle route guidance information (RGI) is not overly complicated — thereby assisting drivers in improving their safety. Consequently, the aim of this study was to facilitate mobility and improve safety for natural right-side drivers driving temporarily in left-side traffic. In this study, driver behavior and workload — given various types of RGI — were evaluated in a driving simulator with a variety of prescribable test conditions. This research was composed of two experiments. In the first, various types of in-vehicle route guidance systems were tested and evaluated in terms of their characteristics and associated driver behaviors (while driving). In the second experiment, systemic factors and effectiveness were evaluated by two combined systems, arrow and map-type information, based on the results of the first experiment. In light of both experiments, the various types of route guidance systems were discussed in terms of their results. A navigation system was proposed to alleviate some of the secondary tasks such as route selection.     

China shipbuilding management challenges in the 1980s

Since the economic reforms in the late 1970s, the shipbuilding industry in China has enjoyed rapid growth. Over the past two decades, many new building contracts have been won and successfully completed. However, some shipyards have also suffered great losses. Basing on their experience in Southern China, the authors examine some of the major challenges that Chinese shipbuilders faced during this transitional period, when the industry ventured into the international market. These challenges are broadly categorized into two areas: (i) external factors, such as inflation and infrastructural support that the shipbuilder had no control over, and (ii) shipbuilding management, which the shipbuilder had to master in order to gain competitive advantage. Suggestions on how these problems could be tackled are discussed.     

严峻问题

今年关于太平洋航线有两个不确定因素,即美国进口量增长将会大大放缓,同时美国出口量会继续增加.因此,几乎所有其他的问题都是不确定的:进口量是否会增长还是会减少?