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
Celebrates three-year anniversary of 3,100 TEU Isla Bella and Perla del Caribe with MAN Diesel.
Imperial College London whitepaper investigates potential of LNG to reduce pollution from trucks and ships.
Volume of LNG used as bunker fuel will rise to about 30 million tons worldwide and 1.4 million tons in Korea by 2030, forecasts Korea Gas Corporation.
This operation marks an expansion in the scope of the partnership, which aims to strengthen the role of Polish ports and promote LNG as bunker fuel in the Baltic Sea.
Both vessels, each from NYK and MOL, will receive LNG bunker fuel from a Kyuden subsidiary LNG firm.
In 2020 Baleària carried out 291 natural gas supply operations at Valenciaport, which represents 40% of bunkering operations carried out by Baleària in Spain.
Firm hopes to leverage partnership in Greece as a springboard to expand into neighbouring and overseas markets including Europe and China, says Robin Van Elderen, Regional Head Bunkers, Europe, Sing Fuels.
Singapore can help less developed countries in SouthEast Asia through ‘piloting and scaling fuels and technology as well as a leading hub for green finance’, said DNV Group President and CEO Remi Eriksen.
Octamar™ Ultra HF, Octamar™ Complete, and Octamar™ F35C were found to have improved the fuel economy while reducing exhaust gas and other emissions of marine engines in a series of trials, states report.
Disposal of evidence has resulted in Singapore not being able to provide full details to the United Nationals Panel of Experts which sought information regarding the case, says Ministry of Foreign Affairs.
‘We are proud to be amongst the first to show the successful steps taken by Singapore’s bunkering ecosystem to remain forward thinking and relevant,’ Choong Sheen Mao, Director of EMF, tells Manifold Times.
‘With the launch of a common data infrastructure, Kenoil aims to continue achieving an end to end visibility and transparency on the bunker data supply chain,’ states Kenoil Managing Director.
