South Korea

HMM partners with SHI on smart ship technology

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.

Total enters South Korean offshore wind sector in line with low carbon goals

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.

Singapore clears proposed merger of Korean shipbuilders

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).

South Korea fines Hyundai Heavy for unfair trade

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.

South Korea to support building of LNG bunkering ship

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.

South Korea issues ECA and vessel speed reduction programme

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). 

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