Koreans rally to help yards

Koreans rally to help yards

Korea, Inc has rallied to club together to save the nation’s hard-pressed maritime sector. At a government convened meeting yesterday in Seoul 10 organisations signed an agreement to try and generate more shipbuilding orders on home soil.

The 10 organisations are the Korea Shipowners’ Association, Korea Offshore & Shipbuilding Association, Korea Shipbuilding Industry Cooperative, Maritime Finance Center, Korea Maritime Guarantee Insurance, Korea Western Power, Korea Gas Corporation, Korea Petroleum Association, Korea Iron & Steel Association and Korea LNG Bunkering Industry Association.

Among a raft of initiatives, the group will look to expand ship financing and pioneer green ship technology.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts