Korea’s largest steel mill gets shipping partners to install scrubbers

Korea’s largest steel mill gets shipping partners to install scrubbers

Korea, Inc has thrown its weight behind scrubbers. In a significant move, POSCO, one of the top five steel mills in the world, has signed with state-backed Korea Development Bank (KDB) and local lines to get scrubbers installed on bulkers delivering coal and iron ore to the steelmaker.

The tripartite agreement extends loans to Korea Line Corp, Pan Ocean, and H-Line Shipping, to install scrubbers across 20 ships by the end of 2019 ahead of the IMO-mandated global 0.5% sulphur cap.

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