Korean Register along with Hyundai Heavy Industry Group shake hands and inked an MoU in order to focus on key environmental challenges.
Namely, both sides will work together in a strategic partnership to address key environmental challenges facing the industry, specifically decarbonisation, and the forthcoming IMO regulations.
The HHI Group encompasses a range of companies including Korea Shipbuilding & Marine Engineering, Hyundai Heavy Industries, Hyundai Samho Shipbuilding, Hyundai Mipo Shipbuilding, and Hyundai Global Services.
The MOU will see the exchange of technical information and human resources to drive progress on environmental matters, added KR.
Under the agreement, KR and HHI Group have agreed to work together to:
- research optimal solutions to improve the energy efficiency existing ship index (EEXI)
- develop measures to improve ship operation efficiency to improve carbon intensity indicator (CII)
- work together on the joint development of non-carbon fueled vessels such as ammonia and hydrogen
- explore ways enhancing the environmental life cycle of a ship by reducing gas emissions, etc.
Under their agreement, KR and HHI group will provide expert technical support to shipping companies enabling them to respond effectively to the new environmental regulations while strengthening the Korean shipbuilding industry’s technical superiority in the global market.
This MOU brings KR and HHI Group together, sharing our expertise and HHI Group’s industry-leading ship building technology to develop eco-friendly ships for a safer and more sustainable future.
…said Kim Dae-heon, Executive Vice President of KR R&D Division.
As explained, through continuous R&D activities and the construction of eco-friendly ships, the two companies will try their best to realise ESG (Environment, Social and Governance) in the shipbuilding sector.
Having the world’s strongest track record for building ships propelled by dual fuel such as LNG, LPG and methanol, HHI group will endeavor to develop various technologies to effectively respond to the strengthened environmental regulations thereby creating values for the future market.
….as Joo Won-Ho, Executive Vice President of Technical Department of Hyundai Heavy Industries concluded.
