South Korean shipping company Hyundai Merchant Marine has signed a MoU with compatriot shipbuilding giant Samsung Heavy on smart ship technology. Under the MoU, the two companies will collaborate in the research, development and innovation in the field of smart ship solutions.
French energy giant Total has entered a partnership with Macquarie’s Green Investment Group (GIG) to develop a portfolio of five large floating offshore wind projects in South Korea with a potential cumulated capacity of more than 2 GW. Entering the South Korean offshore market aligns with the company’s low carbon strategy.
From 1st September 2020, ships at berth or at anchor in the Korea SECA will be required to use fuel with a maximum sulphur content of 0.10%.
The Competition and Consumer Commission of Singapore (CCCS) has cleared the proposed merger between Korea Shipbuilding & Marine Engineering Co., Ltd (KSOE) and Daewoo Shipbuilding & Marine Engineering Co., Ltd. (DSME).
After a number of positive COVID-19 tests onboard Russian ships in South Korea in the past two months, the Korean Authorities implemented strict measures for vessels arriving from Russia or from those that have been designated by the Korea Centers for Disease Control and Prevention (KCDC) as ‘high risk countries’.
South Korea fined Hyundai Heavy Industries Co. 970 million won (US$805,000) for unfair trade with its subcontractors. The fine is the biggest-ever for acts of misusing technologies from other companies.
The Maritime Police Agency of South Korea announced that it will establish a ‘Ship Traffic Control Technology Development Team’ to prevent drunk traffic accidents in the sea by using big data and artificial intelligence technology.
South Korea will support a business building an LNG bunkering ship with 15 billion won (US$12.4 million). The country plans to financially support the business building the bunkering ship by covering about 30% of the total cost.
Brittania P&I Club reminds of the South Korean Ministry of Maritime Affairs and Fisheries (“MOF”) announcement about an air quality control programme that defines selected South Korean ports and areas as Emission Control Areas (ECA).
As reported earlier in 2020, South Korea has introduced domestically new environmental laws, applying voluntary speed limits for ships and SOx emission control areas in specific ports, starting from 1st September.
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