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, Jul. 7 (Korea Bizwire) — SK Trading International Co. (SKTI), a subsidiary of South Korea’s largest refiner SK Innovation Co., said Sunday it plans to quadruple its offshore low-sulfur fuel supply business next year to meet increased demand following strict environmental regulations by the International Maritime Organization (IMO). SKTI said it aims to increase [...]
SEJONG, Dec. 9 (Korea Bizwire) — The U.N. maritime agency has approved guidelines on the application of POSCO’s steel product, officials said Friday, paving the way for global sales of high manganese austenitic steel for liquefied natural gas (LNG) tanks. The International Maritime Organization (IMO) made the decision in favor of POSCO’s steel for cryogenic [...]
SEOUL, Jul. 12 (Korea Bizwire) — South Korea’s shippers and shipbuilders reacted differently Wednesday to a decision by the International Maritime Organization (IMO) to delay the implementation of a ballast water convention. The IMO’s marine environment protection committee last week postponed the International Convention for the Control and Management of Ships’ Ballast Water and Sediments, [...]