|South Korean government is to introduce laws enforcing eco-friendly ship construction in the country after International Maritime Organization's recent decision to adopt Energy Efficiency Design Index. |
The Ministry of Land, Transport and Maritime Affairs plans to come up with related regulations by the end of 2012.
From 2013 onwards, newbuildings will have to be constructed and operated in accordance with legal standards regarding carbon emission (g/ton·mile).
The MLTM is to form a task force, comprising officials from the government and private sectors, in November.
Meanwhile, the new eco ship regulation would have a great effect on shipbuilding, shipping, steel and equipment industries.
An official from Hyundai Heavy Industries said, "IMO and the government's decision would result in a big change in the market. Large companies will benefit from it but smaller firms would face more difficulties."
Published : July 27, 2011