South Korea is about to place the first order for LNG fueled vessels by August, in an attempt to develop green shipping and support associated industries, the oceans ministry informed earlier this week.
Namely, the Ministry of Oceans and Fisheries considers orders for two 200,000-ton class bulk carriers, which will sail between South Korea and Australia.
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As the Yonhap news agency reported, South Korea is trying to develop the marine transport sector, in order to comply with the IMO’s sulfur cap on fuels, which will come into force in 2020.
The government will also start a program to replace towing vessels, which use Bunker C or diesel, with LNG fueled ships and enhance incentivesfor eco-friendly ships.
In order to achieve this, South Korea will built bunkering facilities in major ports in Busan and Ulsan, as well as a shipping facility at the LNG terminal in Tongyeong.
South Korean shipyards, despite having significant experience in building LNG carriers and bunkering shuttles,they are in the early stages regarding LNG fueled ships and bunkering infrastructure. Indicative of this, is the fact that only one LNG vessel is operated in the country.
