In a further step to strengthen the competitive position of
the South Korean shipbuilding industry, the Korea Register of Shipping and
Hyundai Heavy Industries Group announced a strategic alliance designed to
address the future challenges of environmental regulations. Korea’s largest
shipbuilder agreed to work with the class society to share utilize technology
and human resources to proactively respond to international environmental
regulations and contribute to the sustainable growth and decarbonization of the
shipping and shipbuilding industries.
The two organizations will work together on joint research
to develop the optimal response for shipping companies to address challenges
such as the energy efficiency index and carbon intensity. The studies that will
conduct will include research to identity an optimal solution for improving
operations to improve the shipping company’s performance in the energy
efficiency index (EEXI) and on improving ship operation efficiency to improve
the carbon intensity (CII) score.
“We will do our best to find the optimal technological
solution for the current environmental regulations facing the shipping industry
in cooperation with Hyundai Heavy Industries Group,” said Daeheon Kim, head of
the research division of the Korean Register of Shipping. “We will actively
participate in the development of eco-friendly future ships promoted by
shipyards and contribute to the continued establishment of technological
leadership in the shipbuilding industry.”
The organizations highlighted the maritime industry’s need
to prepare for the energy efficiency index (EEXI) and carbon intensity (CII),
regulations that will be applied to existing ships from 2023.
They said that they expect to enhance the international
competitiveness of shipyards by developing eco-friendly technologies such as
development of carbon-free fuel propulsion ships. They believe that shipyards
have an opportunity to strengthen their technological superiority in the global
market by reinforcing their competitiveness with eco-friendly issues.
The efforts will also continue to explore the development of
new non-carbon fuels such as ammonia and hydrogen with joint development
projects for the propulsion ships. They
plan to cooperate strategically throughout the life cycle of a ship.