Samyoung ENC Selected as e-Navigation Ship Terminal Business Operator

[Asia Economy Reporter Hyungsoo Park] Samyoung ENC announced on the 29th that it has been selected as the business operator for the 2020 e-navigation (e-Nav) ship terminal manufacturing, purchasing, and installation project organized by the National Federation of Fisheries Cooperatives.

The Ministry of Oceans and Fisheries is promoting the Korean-style e-Nav project to deliver intelligent information necessary for ship navigation and maritime traffic management in real time to ships via a high-speed maritime communication network (LTE-M). To access LTE-M and use the e-Nav service on ships, an e-Nav ship terminal must be installed.

Samyoung ENC will supply e-navigation ship terminals to 1,541 domestic fishing vessels over 3 tons by August 31 of next year. The project is worth 5.5 billion KRW. To facilitate the early establishment and expansion of the e-Nav service, part of the purchase and installation costs of the e-Nav ship terminals will be supported by government funds for the targeted vessels.

A company official said, "There are about 65,000 registered fishing vessels domestically," adding, "Demand is expected to increase as various data and information related to ship navigation can be received in real time through high-speed LTE-M."

Co-CEOs Hwang Hye-kyung and Lee Seon-gi emphasized, "Along with the supply of e-navigation ship terminals and digital MF/HF next year, we will launch new products such as new plotters, accelerating growth." They also added, "With the commercialization of digital MF/HF and e-navigation ship terminals, we will actively target the maritime digitalization market led by the International Maritime Organization (IMO) under the UN."

This content was produced with the assistance of AI translation services.