The South Korean government has released details of their 2030 Green Ship-K Initiative, as part of the country’s Act on Promotion of the Development and Distribution of Eco-Friendly Ships. Under the newly launched initiative, the Korean government will invest some KRW 960 billion in eco-friendly ship technology development projects. The plan calls for using carbon-free ship technologies such as hydrogen and ammonia to reduce harmful ship emissions by 40 per cent in the next 25 years and by 70 per cent in the next 30 years. The plan also includes the construction of more than 10 pilot ships demonstrating green technologies such as LNG bunkering ships and LNG-ammonia mixed fuel propulsion ships.
