The Korean Register (KR), the maritime classification society of South Korea, said simultaneous operations of ship-to-ship bunkering of liquefied natural gas were successfully conducted at the Port of Gwanyang, where there is also an LNG import terminal.

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Tuesday, 12 January 2021 07:47

Korean LNG move

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Jan 12 (LNGJ) - South Korea, the largest builder of LNG carriers to transport the fuel worldwide, is increasing its own domestic fleet of LNG-powered ships and is offering grants of up to 20 percent for ship owners to convert. The Ministry of Oceans and Fisheries said that 39 small ships fuelled by LNG are expected to be completed at local shipyards in 2021, including 23 vessels to be used by Korean government agencies. The Ministry noted that two LNG bunkering ships were also on order.

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The South Korean government has approved a draft law for the nation to be at the forefront of developing eco-friendly ships powered by clean fuel such as LNG at its world-leading shipyards.

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