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S. Korea enforces speed reduction program

South Korea's Ministry of Oceans and Fisheries began the "Vessel Speed Reduction Program" in December 2019, in efforts to reduce fine dust from ships and protect the marine environment. The Korean Program will provide even greater incentives in order to induce more ships to participate in the program, which is important considering the seriousness of fine dust levels in ports.

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Korean shipbuilders to face challenging year due to pressure on offshore plant sector

Maeil Business Newspaper reports that South Korea's big three shipbuilders will be facing a challenging year ahead of them due to the extra pressure put on the offshore plant sector, affecting its business performance. It is said that as oil refiners are reluctant to place new orders due to high volatility of oil prices, it is increasingly difficult to get offshore plant orders.

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