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
‘Malaysia is a significant LNG bunkering hub, with over 100,000 vessels passing through the Malacca Strait each year,' says spokesman of LNG Marine Sdn Bhd.
Jiangnan Shipbuilding positioned the CMA CGM vessel’s 2,200 mt engine and other components in record time with five large cranes and an approximate hundred smaller units.
Product reflects the increasing adoption of LNG, and the consequential need to ensure crew are sufficiently trained in operating LNG-fuelled vessels, it said.
Vessels can receive LNG-bunkers simultaneously while loading or discharging, this eliminates shifting time and reduces expenses for LNG-powered vessels for their bunkering.
A steel cutting ceremony was held to mark start of construction of the 13,000 TEU LNG powered containership, designed by CSSC’s 708th Research Institute, according to CSSC.
MOL signed contract to construct four Capesize bulkers with CSSC Qingdao Beihai Shipbuilding Co., Ltd.; another deal with Kawasaki Heavy Industries Ltd. to build two VLCCs.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
Bernard Chew was a former shareholder of MB Marine and was an authorised signatory of the company’s cheques at the material time, according to court documents obtained by Manifold Times.
Maersk, CMA CGM, BP and Stena Bulk give insights on availability of the three potential bunker fuel types, their plans, transition from fuel oil and LNG to alt fuels, how important sustainable marine fuels are to shipowners and more.
