BUSAN, Apr. 24 (Korea Bizwire) – Eight out of ten South Koreans perceive their country as a maritime nation and believe that establishing long-term plans and expanding research and development (R&D) efforts are crucial steps toward becoming a maritime powerhouse, according to a survey conducted by the Korea Maritime Institute (KMI). Marking its 40th anniversary, the [...]
SEOUL, Oct. 26 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced on Wednesday its plans to facilitate the supply of fuel for methanol-powered ships by permitting chemical carriers and petrochemical product/chemical dual-use carriers registered in the ship fuel supply business to engage in coastal cargo transportation. This measure is part of the ministry’s ongoing [...]
BUSAN, March 1 (Korea Bizwire) — A tech startup in the southeastern port city of Busan is drawing attention after it launched a maritime drone delivery business, a first in South Korea. Marine Drone Tech, a specialist in drone technologies, is the first company in the country to receive a registration certificate to operate a [...]
SEOUL, Jan. 29 (Korea Bizwire) — South Korea will officially launch maritime e-Navigation, a service designed to ensure the safe sailing of vessels, on Saturday. e-Navigation is an ultra-high speed digital telecommunication network that enables communication even at sea up to 100 kilometers away from the seashore. The Ministry of Oceans and Fisheries completed preparations [...]
SEOUL, Jan. 28 (Korea Bizwire) — The National Maritime Positioning, Navigation, and Timing (NMPNT) Office announced on Sunday that 243 people were rescued at sea last year thanks to Haeroad, a South Korean maritime safety application. Haeroad was first released in August 2014 to provide assistance to small fishing boats and leisure vessels that are [...]
SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]
SEOUL, May 31 (Korea Bizwire) – President Moon Jae-in on Wednesday vowed to build a stronger maritime nation by bolstering its economic and military powers at sea. As part of the efforts, he promised to establish a public corporation to provide financial assistance to the nation’s ailing shipping and shipbuilding industries, and revive their global [...]
SEOUL, March 2 (Korea Bizwire) – South Korea and Iran initialed maritimepacts encompassing shipping and fisheries, the government said Tuesday, paving the way for local companies to tap deeper into the oil-rich Middle Eastern country. The understanding allows ships from the two countries freely pass through the waters of each other’s countries and receive equal support in case [...]
LONDON, Sept. 14 (Korea Bizwire) — ABS Chairman, President and CEO Christopher J Wiernicki has set out his priorities as incoming IACS chairman, emphasizing the unique role the organization plays in promoting global safety and security. The IACS strategic plan has been designed to address both the current and future needs of the shipping industry [...]