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 [...]
SEOUL, May 29 (Korea Bizwire) — In the area of methanol-powered ships, which have emerged as a game changer in the shipbuilding industry, competition is heating up between South Korea and China. HD Hyundai Heavy Industries Co. held a keel-laying ceremony last week to place the first block of a methanol dual fuel container ship [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s top container shipper HMM Co. on Tuesday signed a 1.41 trillion-won (US$1.1 billion) deal with two local shipbuilders to build nine methanol-propelled container ships as part of its push to go carbon neutral. Under the deal, Hyundai Samho Heavy Industries Co., an affiliate of Korea Shipbuilding & [...]