Samsung Heavy Industries on Wednesday (9 June) said it has signed an offshore nuclear power plant technology development agreement with Korea Atomic Energy Research Institute (KAERI) to start research on Molten Salt Reactor (MSR) based floating nuclear power plants and nuclear powered ships.
Through this agreement, SHI plans to pioneer the MSR-based floating nuclear power plant and nuclear-powered ship market as part of strengthening its capacity for future new business expansion.
The agreement includes joint research plans for:
According to Samsung, nuclear fuel has a lifespan of more than 20 years (which is the same as the life cycle of a ship) so there is no need to replace it after being mounted.
In the event of abnormality, the nuclear fuel inside the MSR unit will be able to solidify thus providing high safety.
The signing ceremony was attended by key stakeholders including Samsung Heavy Industries President Jin-taek Jeong and Korea Atomic Energy Research Institute President Park Won-seok, and they agreed to conduct joint research by establishing a mutually strategic cooperative relationship.
“MSR is a carbon-free energy source that can efficiently respond to climate change issues and is a next-generation technology that meets the vision of Samsung Heavy Industries. We plan to focus on R&D to become a new future growth engine,” said Jintaek Jeong, president of Samsung Heavy Industries.
Estimated total value of MFO which was erroneously recorded as having been delivered to the receiving vessels across the 14 proceeded CMA charges is US$121,585.60, states court document.
On 5th June 2021, VPS carried out a Remaining On Board (R.O.B.) survey on board a Singapore-registered bunker tanker at short notice by the Charterer and quickly identified the theft of 98 metric tons of bunker fuel.
No quarantine required if vessels have not called at Brazil, India, Nepal, Pakistan, the Philippines and South Africa during the 21 days prior to arrival at Hong Kong port, according to Marine Department notice.
CCIC discuss the progression of MFM technology for bunkering at Singapore port with Manifold Times; and possible development of a primary facility for MFM calibration.
‘The acquisition of PGI Industries will enhance VPS’ preventative maintenance services offered to the power sector, increasing protection and sustainability of the asset,’ says Malcolm Cooper, CEO, VPS.
A foreign vessel was involved in an alleged unauthorised STS incident with bunker tanker Pearl Melody on 5 June, Director and General Manager of Consort Bunkers tells Manifold Times.