Tag: 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.

Singapore (ASMI) and South Korea (KOMEA) signed a Memorandum of Understanding (MOU), paving the way for stronger collaboration in the shipbuilding and offshore sectors across both countries.

South Korean antitrust authorities imposed 96.2 billion won ($81 million) in fines on 23 domestic and foreign shipping companies for price-fixing on multiple routes between South Korea and Southeast Asia over 15 years.

As of 1st January 2022, all vessels navigating in Korean ports shall not consume fuel oil with a Sulphur content exceeding 0.5%.