Wednesday, July 27, 2011

Korea eyes ECO-ship boom

South Korea's shipbuilding industry is prospected to make bigger gap from China and Japan with high-value technology for eco-friendly ships.

International Maritime Organization has decided to introduce Energy Efficiency Design Index (EEDI) on new ships after 2013.

When EEDI, which regulates greenhouse gas emission, applies from 2013, energy efficiency will need to improve under tightening standards in stages by around 30% in 2025.

Korean shipyards are expected to be the most beneficiaries, as they already secured the cutting-edge technology for eco ships.

Korea's shipbuilders have already applied patents for hull type for minimizing fuel consumption, Heat Recovery Steam Generator (HRSG), equipment for reducing flow-velocity resistance, etc, since around ten years ago.

Therefore, Korean shipyards with eco-friendly technology are to win massive newbuilding orders in the near future.

Published : July 27, 2011

Source: Asiasis


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