The Busan International Port Conference (BIPC, Busan International Port Conference) hosted by the Busan Port Authority (BPA) celebrates its 10th anniversary this year. The conference on November 4th was held online and offline at the same time as it has been since the pandemic, but thanks to the lifting of indoor gathering restrictions, many people attended the Busan Port International Exhibition and Convention Center (BPEX) Under the theme of "Adapts and Advances," three sessions were held. Top experts in the shipping and port sectors - including Tim Power, managing director of Drewry, Frank
Avikus, a company specializing in developing autonomous navigation solutions, has succeeded in a large-scale vessel’s crossing the ocean for the first time in the world. The company was founded in January last year by HD Hyundai(previously Hyundai Heavy Industries), which is one of the world’s biggest shipbuilders to expedite the development of digital technologies for vessels. Avikus announced on Thursday that it has successfully completed the autonomous ocean crossing of the 180,000 cubic meters super-large LNG carrier named ‘Prism Courage’ by collaborating with SK Shipping. The ship is equi
On 30 September 2021, IMO and the global maritime community came together to celebrate the annual World Maritime Day, with a focus on this year's theme: "Seafarers: At the core of shipping's future". As part of the celebrations, which are a fixture in the global shipping calendar, four seafarers joined in an interactive webinar to discuss issues of importance to the future of the sector. In addition, the IMO Headquarters in London became one of several iconic landmarks to be illuminated in blue, kicking off an annual initiative to unite the maritime community and raise awareness of the vital c
A.P. Moller - Maersk said on Tuesday that it is ordering eight large, ocean-going container vessels running on “carbon-neutral methanol”. The vessels will be built by Hyundai Heavy Industries (HHI) and have a nominal capacity of approx. 16,000 containers (TEU). The agreement with HHI includes an option for 4 additional vessels in 2025. Each ship will cost $175 million, and the total cost will be $1.4 billion, according to reports. The series will replace older vessels, generating savings on annual CO2 emissions totaling around 1 million tons. “They will hit the water from early 2024”, said Mor
Pre-occupation of vessel space by Chinese shippers has emerged as a global trade issue. Korean companies are also struggling to find ships to transport exports on time. China's spot rates are soaring day by day, and vessels already full of cargo at Chinese ports cannot afford to load more in Busan. China has become a black hole of vessel space. On July 30, the comprehensive SCFI stood at $4,196, about 3.8 times higher than $1,103, where it stood at this time last year. The European route was $7,395 (TEU), and the USWC was $5,518 (FEU). Domestic exporters are suffering as vessels are filling u
The Ministry of Oceans and Fisheries said it plans to develop an versatile testing platform by 2025 to join global efforts to reduce greenhouse gas emissions and create an eco-friendly maritime industry. Global shipbuilding and shipping markets are hastening a paradigm shift from the existing bunker oil vessels to an eco-friendly ship system in response to the International Maritime Organization's tightening regulations and the EU emissions trading system. Following the implementation of the Act on the Promotion of Environmentally Friendly Ship Development and Distribution in January of last y
Kitack Lim, Secretary-General of the International Maritime Organization(IMO), recently called upon governments to vaccinate seafarers against Covid-19 on a preferential basis since they are at the forefront of world trade as key personnel in the global economy. The UN General Assembly adopted a resolution on December 1 of last year to designate 2 million crew members and marine industry employees around the world as essential personnel and urge governments to facilitate the smooth rotation and repatriation of the crew. "In the Covid-19 crisis, seafarers are making a dedicated contribution to
Of the government's budget for next year, 7.9 trillion won has been allocated to the 'Digital New Deal' plan. The project underlying the plan is establishing a 'Data Dam,' which refers to a 'cloud service integration platform' where we can store a large quantity of data and supply it to those in need. This will serve to select and store the data accumulated by public institutions and process it into usable forms. Data processing is a critical factor in AI development; therefore, establishing the 'Data Dam' can be a preliminary work to prepare for future industries. The name 'Data Dam' is also
Ports are getting smarter. The application of cutting-edge technology to port operations is becoming a big part of the recent Fourth Industrial Revolution in the maritime sector. We can divide smart ports into two concepts - 'automated ports' that automate the logistics process from a mechanical aspect and 'intelligent ports' of which decision-making is supported by generating, collecting, storing, designing, and analyzing various materials. While automated ports(the level of automated port facilities) are being built rapidly in many international ports such as Rotterdam, Long Beach, and Qingd
It is known that there are about 90 typhoons(also called cyclones or hurricanes) every year all around the world. Among the climate experts’ divided opinions, one persistently strong view says global warming has not significantly increased the number of typhoons, which is slightly different from what we feel these days. We recently experienced strong typhoons more frequently than years before. Even though there has been very little change in number, it is obvious that they are getting more ferocious year by year. Some studies show the power of the typhoons that hit East Asia, including Korea,
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