Korean shipbuilders rush to develop eco-friendly ships amid regulations!
Hyundai Heavy Industries Co. and other major shipbuilders are scurrying to develop eco-friendly power systems for ships in order to clinch more deals amid toughened emission regulations.
The International Maritime Organization (IMO) has adopted mandatory steps under which carriers are required to operate a fleet of vessels designed to cut emissions by more than 30 percent by 2025 compared with 2008. The IMO is also considering further reducing the emission levels by 40 percent by 2030 and by 70 percent by 2050.
From Jan. 1, 2020, the IMO lowered the sulfur cap on fuel content from 3.5 percent to 0.5 percent.
Sulphur oxides in the atmosphere can lead to acid rain that hurts crops and forests and causes the acidification of the oceans.
Hyundai Heavy Industries and its holding company Korea Shipbuilding & Offshore Engineering Co. set up a center in March in Ulsan, 414 kilometers southeast of Seoul, to develop ships powered by both liquefied natural gas (LNG) engines and fuel cells by late 2021.
In March 2019, Hyundai Heavy got the green light for the design of a crude carrier with the LNG-fuel cell-propelled engine system from DNV-GL, a Norwegian-German quality assurance and risk management company.
Source: YonhapNewsAgecy (Click for further of the article)