$132 Million for Autonomous Ship Technology Commercialization!

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  • More than 40 Japanese organisations have been brought together by the Nippon Foundation to develop, test and then commercialize autonomous shipping technology.
  • Some KRW160bn ($132m) will be spent for six years for developing this new technology

Seoul sets aside $132m to commercialize autonomous ship technology, writes Sam Chambers for Splash247.

Asian nations in autonomous shipping research

Splash reported how more than 40 Japanese organisations have been brought together by the Nippon Foundation to develop, test and then commercialise autonomous shipping technology. Similar cohesive efforts are underway in China and Scandinavia.

Determined to be among the leaders is South Korea, Seoul has just launched an integrated government task force to develop and commercialise relevant technologies.

A $132m investment!

The task force formed by the Ministry of Trade, Industry and Energy and the Ministry of Maritime Affairs and Fisheries will be established at the state-run Korea Research Institute of Ships & Ocean Engineering based in the central city of Daejeon, where the Korean Register used to be headquartered.

“Some KRW160bn ($132m) will be spent for six years for developing this new technology.”

The nation’s top shipyards have been conducting their own autonomous R&D for a number of years already.

Increasing focus on Autonomous shipping

The increase in Asian focus on autonomous shipping comes at a time where Europe’s most high profile autonomous ship project, the Yara Birkeland, has been put on hold.

Norwegian fertilizer firm Yara International, which ordered the pioneering 120 teu, battery powered autonomous vessel, announced it is pausing development of the ship last month, citing the changed global outlook brought about by the COVID-19 epidemic.

No new timeline for the landmark ship’s delivery has been given.

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Source: Splash247