SEOUL, Jan. 31 (Korea Bizwire) — The Ministry of Oceans and Fisheries on Monday issued a notice on the action plan for this year’s supply of eco-friendly ships. Under this plan, the ministry will inject a total of 311.9 billion won (US$253 million) into the public sector. It plans to build 46 public ships as [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korean shipbuilders won nearly 57 percent of global orders for eco-friendly ships in the first eight months of this year thanks to their technological superiority, an industry tracker said Thursday. Local shipyards clinched 56.6 percent of the world’s green-vessel orders worth 9.52 million compensated gross tons (CGTs) in [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea said Tuesday it will allocate 205 billion won (US$186.3 million) to adopt eco-friendly technologies for the local maritime industry in line with the country’s green energy drive. Under the project, the country will seek to build a total of 39 eco-friendly ships this year, including 23 for [...]
SEOUL, June 30 (Korea Bizwire) — Hyundai Heavy Industries Co. and other major shipbuilders are scurrying to develop eco-friendly power systems for ships in order to clinch more deals amid toughened emission regulations. The International Maritime Organization (IMO) has adopted mandatory steps under which carriers are required to operate a fleet of vessels designed to [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korea’s steelmakers are looking at core materials used for environmentally friendly vessels ahead of the implementation of a new environmental regulation by the International Maritime Organization (IMO) as part of their efforts to diversify its product portfolio and beef up profitability, industry observers said Monday. The IMO will [...]