The South Korea government Monday says it will change 38 laws and regulations to help new sectors take off.
President Moon Jae-in realised “rigid government regulations” were barring emerging sectors from reaching their full potential, according to Yonhap News Agency.
The new measures will allow new products and technologies to enter the market first before considering whether or not regulations are necessary.
The government is also considering introducing a "regulatory sandbox" for new entries to conduct business without regulations for a specific period of time before adding regulations.
The above activity includes bunkering operations of liquefied natural gas (LNG) and other types of alternative marine fuels, state government officials.
Changes to the new regulations are scheduled to be completed by March this year.
Published: 23 January, 2018
Novatek purportedly stated LNG is not only more cost effective as a bunker fuel but also complies with new, stricter environmental measures in the region.
Operation to deliver LNG via the Q-LNG 4000 bunker barge coordinated by AET and Shell NA LNG while “Pacific Ruby” was on its way from Houston to Rotterdam.
Company will own and operate infrastructure assets to help facilitate global marine industry’s transition from traditional heavy bunker fuel to cleaner LNG, says Brandon Wax, Managing Director.
Korolev Prospect, on time charter to Chevron, received 600 mt of LNG bunker fuel produced by Shell from Q-LNG 4000 outside Port Canaveral, Florida.
Majority of the sum comprised of USD 101,403.78 awarded to the bank as part of an earlier arbitration decision on 14 February 2019.
Korea Shipbuilding & Offshore Engineering reportedly cinched a USD 827 million contract to build six LNG powered container ships over the new year.
Transferred shares of 40 subsidiaries to BVI firm after tribunal awarded claims in favour of Trinity Seatrading; YSPL has also filed a civil complaint against DNV and Liberian ship registry at Nanjing Maritime Court.
ADNOC L&S, Gulf Energy Maritime, Cockett Marine Oil, Mideast/Bahri Ship Management and VPS experts present their views on biofuel bunker hurdles at the VPS Biofuels Seminar in Dubai on 16 March.
‘Bunker barges operate in very local areas so these vessels call at port very often which means it will be a good fit for women with families,’ states Elpi Petraki, President of WISTA International.
“Our Singapore branch is under preparation and is expected to start business at the republic before June 2023,” Managing Director Darcy Wong tells bunkering publication Manifold Times in an interview.
Development to supply B35 biodiesel blend officially takes effect on 1 February; local bunker suppliers will be able to deliver updated spec within March onwards, once current stocks of B30 avails run out.
VPS, Global Centre for Maritime Decarbonisation, Wilhelmsen Ship Management, and INTERTANKO executives offered a multitude of perspectives to 73 attendees during the VPS Biofuels Seminar, reports Manifold Times.
