Tag: South Korea

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.

The South Korean Ministry of Economy and Finance issued a joint statement with the Ministry of Foreign Affairs on 1 March 2022, setting out details of the measures that the South Korean government is taking against Russia. Subsequently, there were further measures introduced as of 7 March 2022.