South Korea plans to support the transition of 889 private and public vessels to eco-friendly models by 2035 under its second basic plan covering the 2026-2035 period.
Ørsted has put its planned 1.4GW Incheon offshore wind project on hold and will not participate in South Korea’s upcoming fixed-price offshore wind bidding round.
PanStar Acro was scheduled to sail from Busan to Europe via the Northern Sea Route on South Korea’s first commercial Arctic voyage, carrying 837 TEU on a 40-45 day journey.
Taihan Cable & Solution and Panstar Robotics will jointly develop domestic ROV trenchers, operating technologies and installation solutions for submarine cable projects in South Korea.
South Korea’s 390MW Sinan-Ui offshore wind project is under scrutiny over a projected 29.6% capacity factor and public support that could reach 7.9 trillion won.
Elegant Exit Company, RM Company and ISSAC Green Tech have signed an MoU to pursue a green ship recycling hub in South Korea following the entry into force of the Hong Kong Convention.
The White House has asked Congress to allow two U.S. Navy warships and two support ships to be built overseas, citing domestic shipbuilding backlogs.
South Korea is moving to extend offshore wind fixed-price contracts from 20 to 25 years, giving operators more time to recover investment and potentially offer lower electricity prices.
HD Hyundai Samho has delivered the 93,000 m³ Jane Maersk, its first very large ammonia carrier and the first of five VLACs ordered by Maersk in November 2023.
