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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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SHI shuts down operations due to deadly accidents

Samsung Heavy Industries has been ordered to shut down operations on its main plant in Geoje, South Gyeongsang Province, following a series of deadly accidents caused by safety lapses. The Ministry of Employment and Labour announced that a  58-year-old laborer was killed when construction materials ― 1.5 tons of H-beam steel ― from a crane fell on him at a Samsung Heavy shipyard in Geoje.

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