Ship&Offshore | Ausgabe 05/2023
South Korea and Europe combine expertise
While South Korea remains the second-biggest nation when it comes to newbuilding orders worldwide (2022: 13,958,000 cgt compared with China: 16,730,000 cgt) and thus a main competitor for European shipbuilding business, the country does seek cooperation with Europe in other parts of the business. One recent initiative is an agreement between South Korea and Greece to develop technologies jointly to modernise existing ships into environmentally friendly vessels. Under the agreement, the two countries will carry out projects to develop technologies and design propulsion systems and shipbuilding techniques to rebuild existing ships with environmentally friendly propulsion....