South Korea charts course for green shipbuilding dominance
In South Korea, the Ministry of Trade and Industry unveiled a national shipbuilding strategy on May 13 targeting core technologies across seven vessel types, leading with liquefied natural gas carriers, ammonia vessels, hydrogen carriers and liquefied carbon dioxide carriers, alongside electric propulsion ships, offshore wind support vessels and polar icebreakers.
The plan commits up to 525 billion won over five years to those vessel technologies, with a further 1 trillion won by 2030 targeting the world’s first fully autonomous shipyard, aiming to raise per-process productivity by up to 50 percent.
On market expansion, the strategy targets shipbuilding cooperation with India, Vietnam, the Philippines and Saudi Arabia, and accelerates joint work with the United States under a cooperation framework signed May 9. At the same event, HD Hyundai Heavy Industries, Hanwha Ocean and Samsung Heavy Industries signed a 1 trillion won preferential lending agreement for supply chain companies with three commercial banks.
Category: Sustainable Marine Fuels
