Tag: Eco-Friendly shipping

South Korea backs shipyard tech with millions in R&D grants

South Korea backs shipyard tech with millions in R&D grants

February 12, 2025 |

In South Korea, on February 12, the Ministry of Trade, Industry, and Energy announced a $7.63 million R&D initiative aimed at advancing shipbuilding and marine technology. Applications are open through March 13, with funding supporting ten general research projects, two eco-friendly ship advancements, and five digital transformation efforts. The initiative will fund research into ammonia-fueled […]

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Korea to put 81 green ships on deck with $153 million investment

Korea to put 81 green ships on deck with $153 million investment

February 5, 2025 |

In South Korea, the Ministry of Oceans and Fisheries announced on January 30 that it has finalized its 2025 Eco-Friendly Ship Deployment Plan, investing approximately $153 million to construct and convert a total of 81 environmentally friendly vessels. Under this plan, the public sector will build 34 electric and hybrid ships and retrofit 15 existing […]

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