Tag: South Korea

South Korea and the US agreed to establish a green cargo shipping route between the Port of Busan and the Port of Tacoma aiming to achieve maritime carbon neutrality.

International classification society Korean Register (KR) and Ulsan Port Authority (UPA) have signed an MOU to support methanol-fueled ships and establish the South Korean port as a low-carbon, eco-friendly energy hub.

The South Korean government announced that it aims to invest more than 140 billion won in R&D in the shipbuilding sector, in order for its share in the global high value-added ship market to reach 75% by 2030.

Proman Stena Bulk, the joint venture (JV) between Proman and Stena Bulk, announced that their two fully operational methanol-fuelled tankers have become the first vessels to bunker methanol in Ulsan, South Korea.

Avikus has signed a deal with SK Shipping and Sinokor Merchant Marine to gradually supply  Level 2 autonomous navigation solution to 23 ships operated by the shippers.

Itochu and petrochemical producer Lotte Chemical will co-operate on ammonia businesses to secure fuel-use ammonia for Japan and South Korea.

IMO has received an additional US$2.0 million donation to its 'Delivering Strategy and Reform – Voyage Together' multi-donor trust fund (VTTF).

New regulations for crew changes came into force in South Korea from 8 June.

South Korea’s Fair Trade Commission has found collusion and price-fixing among shipping companies operating between South Korea, Japan, and China.

According to the Taiwanese and South Korean governments, Taiwan recovered 2 bodies after a ship carrying 6 South Koreans went missing in the Taiwan Strait. Search and rescue operations are under way.