South Korea eases entry rules for alternative marine fuel suppliers
In South Korea, the Ministry of Oceans and Fisheries said September 22 that the Cabinet approved new rules for alternative marine fuel suppliers, creating a separate business category and temporarily allowing existing cargo carriers to deliver methanol, ammonia and LNG because dedicated bunkering vessels remain scarce.
The revised Port Transport Business Act enforcement decree establishes registration standards requiring purpose-built supply vessels to have structures and safety equipment suited to each fuel.
To help the market develop before enough dedicated vessels are available, existing maritime cargo ships may supply methanol through 2028 and ammonia through 2030. LNG carriers may be used without a time limit.
The ministry said the changes are intended to lower barriers to market entry, maintain fuel availability and establish a safer supply system as shipping moves toward a broader mix of marine fuels.
Category: Sustainable Marine Fuels
