Finnish technology provider Valmet said it will supply scrubbers for seven new building container vessels, to be built by DSME for South Korean shipping company Hyundai Merchant Marine. The container ships will be the largest in the world, with over 23,000 TEUs each.
South Korean major shipbuilder Hyundai Heavy Industries announced that its newly spun-off company Hyundai Global Services, specializing in providing total marine services, has signed a MoU with compatriot shipping company KSS Line, for entering into eco-friendly ship business.
China’s stringent environmental regulations as part of its efforts to reduce air pollution levels in its major cities is expected to surge demand for LNG carriers as a ship type, lifting prices of newbuildings, Hyundai Heavy Industries CEO Sam H. Ka was quoted as saying.
The danish shipping company TORM established a joint venture with scrubber manufacturer ME Production and Guangzhou Shipyard International, to manufacture scrubbers to reduce sulphur emissions in respect of the IMO 2020 limit. TORM will hold an ownership stake of 27.5% in the new joint venture.
After the IMO announced its decision to reduce shipping emissions by at least 50%, the Korean shipbuilders welcomed this decision, as they are already starting to take action to adapt to the new era. They said that the stricter rules will set up a new norm in shipbuilding that will create demand for more ships.
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