South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s flagship carrier HMM is expected to play a leading role in establishing green shipping routes.
Speaking at a recent seminar, Ministry of Oceans and Fisheries’ secretary of maritime industry technology, Lee Chi-kyung, stated, “With the goal of pilot operation in 2027, this the green shipping route will connect South Korea’s Busan and Ulsan ports with Seattle and Tacoma in the US.”
EU ETS
The European Union (EU) introduced the Carbon Emission Trading System (EU ETS) for ships over 5,000 gt operating in ports in the region starting this year. The EU ETS obliges companies to buy credits for 40% of emissions this year; 70% in 2025, and 100% after 2026.
Green shipping route
A green shipping route is one without carbon emissions throughout the entire maritime transportation process by using carbon-free fuel and eco-friendly technology. Ports along this route will also have infrastructure to supply carbon-free fuel.
Seattle and Tacoma, on the US West Coast, were merged into the Northwest Seaport Alliance in 2015 and are effectively operating as one port.
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Source: Containernews
