South Korean shipbuilders are forecasted to benefit the most, when international regulations on greenhouse gas emissions take effect.
If the 62nd Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO), being held from July 11th, passes bills for reducing greenhouse gas emission, South Korean shipyards would be the biggest beneficiaries, Seoul-based Dongbu Securities believes.
The securities house reported, "South Korean shipbuilders have been prepared for the regulations to proactively dominate shipbuilding market in the future. Thus, if gas-emission related regulation bills are passed, South Korean yards with state-of-the-art technical expertise will strengthen its competitiveness with high technology."
Meanwhile, the 62nd MEPC conference is to be held in IMO headquarters in the UK until July 15th. Bills for greenhouse gas agreement, which was rejected in last meeting in opposition of developing countries, including China, will be discussed again.
Published : July 12, 2011