Korea Pledges Full Supports for Shipyards

Sunday, August 17, 2014
Korean shipbuilding and offshore plant industry to get full support


Yoon Sang-Jick, Minister of Trade, Industry, and Energy (MOTIE) of Korea, held a meeting to check pending issues faced by Korean shipbuilding and offshore plant industry at Seoul Palace Hotel recently.

The meeting was intended to examine current status of overseas and home industry and seek response proposals. Some 20 presidents from allied organizations attended, such as MOTIE, the Ministry of Oceans and Fisheries (MOF), the Ministry of Employment and Labor (MEL), shipbuilding and offshore plant industry, the Society of Naval Architects of Korea, Korea Research Institute of Ship & Ocean Engineering (KRISO), Korea National Oil Corporation, Korea Gas Corporation (KOGAS), the Export-Import Bank of Korea (KEXIM), Korea Trade Insurance Corporation (K-sure) and so on.

After Minister Yoon released “Development plans for offshore plant industry” in November last year, the government has carried forward with major political tasks such as establishment of Deepsea Offshore Engineering Basin, R&D center for offshore equipment, improvement plan for S&M yards’ competitiveness, MOU agreement with Greece for shipbuilding cooperation and so on.
Yoon pledged the ministry’s full support for the country to retain and develop its status as world’s No.1 power house in partnership with MOF, MEL and allied governmental departments and organizations by providing skilled workforces, technology foundation, ship financing and so on.

Firstly, the government will ?put efforts in KOGAS ordering new LNG carriers which are planned to put into operation in 2017 and urge shipyards to be supplied Korean-made core equipment, ?encourage revitalization of offshore plant service market with providing a disused located in the East Sea as a test facility of drillship drilling system, ? allows table provision of ship financing from KEXIM and K-sure so that Korean yards would not have difficulty winning new orders.

In addition, it pledged ?close cooperation with MOF to expand ship modernization projects and support S&M yards to secure workloads, ?expansion of workforce training programs in partnership with MEL that a shortage problem in skilled workers for design engineering and high end welding technology would be resolved.

Also, ?MOTIE will promote industrial infrastructure with successfully finishing ongoing projects as Deepsea Offshore Engineering Basin, Test Bed for Deepwater Resource Transportation and Production and so on, with working towards technology development for deepwater and arctic region resources which are foreseen as future offshore plant market.

Lastly, Yoon plans to focus the ministry’s capability in improving domestic newbuilding capacity through market analysis, technology exchanges with expanding and organizing a consultative group with industry, academics and institutes. Up to this time, the government has run a technology consultative group where shipbuilders, industry and associations are participated but organizations from academics and institutes will be added to the group for development of shipbuilding and offshore plant industry.

Attendees from the industry appealed for difficulty in securing a track record of domestic equipment and deficiency of skilled workers and called for the governmental supports of next generation technology development, creation of domestic demands through new orders for coastal ship and so on. At the same time, they pledged its full efforts in improving competitiveness through technology innovation and win-win partnership.


Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds


Damen Crane Barge and Anti-Pollution Barge Delivered

Damen Shipyards Sharjah has delivered two barges, a Crane Barge 4920 and an Anti-Pollution Barge 2405, to BINCO, a contractor in the Middle East with over 30 years

DNV GL Approval for DSIC's LNG-fuelled VLCC Design

DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude

USN Issues Full Funding for LCS "Cooperstown"

As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM),


ACS Calls Krishnapatnam Port

HYUNDAI MERCHANT MARINE (HMM), the Korean conglomerate operating its ASIA CHENNAI SERVICE (ACS) made an ad hoc call at Krishnapatnam Port on November 26, 2015.   ACS

Australia, Japan Partner for Hydrodynamics Research

Australia and Japan have signed a cooperative research arrangement on marine hydrodynamics, the Chief Defence Scientist, Dr Alex Zelinsky, announced today.   “This

Cathelco Supply Equipment for Keppel Projects in Singapore

Press release -Cathelco have won orders to supply equipment for two projects which are being undertaken by Keppel yards in Singapore. The first is to provide marine

Government Update

Australia, Japan Partner for Hydrodynamics Research

Australia and Japan have signed a cooperative research arrangement on marine hydrodynamics, the Chief Defence Scientist, Dr Alex Zelinsky, announced today.   “This

ICS Backs Climate Change Deal

Press release - The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change.

France-Corsica Ferry Operator SNCM's Takeover Gets EU Clearance

The European Commission has approved the takeover of troubled France-Corsica ferry operator SNCM by Corsican entrepreneur Patrick Rocca, according to a letter seen by Reuters on Tuesday.

Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0840 sec (12 req/sec)