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, July 18 (Korea Bizwire) — The Ministry of Oceans and Fisheries announced that it will launch a remote medical support service through the e-navigation system, targeting ships operating off the country’s coasts. The service will make use of an ultra-high-speed LTE-M network. In the past, it has been challenging to receive support from onshore [...]
SEOUL, April 20 (Korea Bizwire) — The Ministry of Oceans and Fisheries announced on Wednesday that it would impose fines of up to 2 million won (US$1,510) on ships that approach dolphins or violate speed limits while observing them. The amendment bill to the Conservation and Management of Marine Ecosystems Act will impose a speed [...]
SEOUL, Sept. 6 (Korea Bizwire) — The Korean Register of Shipping (KR), South Korea’s ship quality assurance and risk management company, said Monday it had signed an agreement with Hyundai Heavy Industries Co., Avikus and the Liberian International Ship & Corporate Registry (LISCR) to carry out a joint study on the application and approval of [...]
SEOUL, Feb. 25 (Korea Bizwire) — The government plans to boost the distribution rate of the e-navigation service designed to provide information on marine traffic, weather and collision risk, to 45 percent of the nation’s vessels. The Ministry of Oceans and Fisheries said Thursday that it will implement the ‘e-navigation service enforcement plan’ as part [...]
SEOUL, Nov. 18 (Korea Bizwire) — Global new orders for ships are predicted to slow down next year compared with this year due to a decrease in orders for container carriers, leading to a drop in new orders of South Korean shipbuilders, industry analysts have said. This year will see new orders for ships of [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korean fuel cell maker Doosan Fuel Cell Co. said Tuesday it has signed a preliminary deal with Singaporean shipper Navig8 to develop fuel cells for ships. Under the deal, Doosan Fuel Cell will provide solid oxide fuel cells (SOFCs), energy conversion devices generating electricity, for a 50,000-ton ship [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea’s ocean ministry said Monday it will gradually replace 140 government ships with those utilizing clean energy sources by 2030 to meet tighter regulations. “The project will help South Korea to reduce fine dust, greenhouse gas and air pollution, and contribute in developing technologies in the field of [...]
DAEJEON, Sept. 1 (Korea Bizwire) — The Korea Institute of Geoscience and Mineral Resources announced on the last day of August that plans for the construction of a ship equipped with cutting-edge technology destined to detect offshore petroleum reserves were given the go ahead by the government. The vessel will also possess onboard capabilities allowing [...]
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 [...]