Ministry of Oceans and Fisheries Signs Business Agreement for Pilot Project on Quantitative Supply System of Ship Fuel

On the 8th, the Ministry of Oceans and Fisheries announced on the 10th that it had signed a business agreement for a pilot project to introduce a ship fuel quantity supply system with the Korea Petroleum Management Service, GS Caltex Corporation, Busan Port Authority, and Ulsan Port Authority.

The domestic ship fuel supply industry has had low external credibility due to ongoing illegal distribution of duty-free fuel and frequent disputes over supply quantities. Compared to advanced overseas ports such as Singapore, there is a lack of a systematic quality control system, including a quantity supply system.

Accordingly, the Ministry of Oceans and Fisheries submitted a partial amendment bill to the National Assembly last December, based on research projects and survey results, and after years of industry consultations, to introduce a quantity supply system requiring fuel suppliers to be equipped with quantity measurement devices to fundamentally block illegal distribution of duty-free fuel and supply quantity disputes and revitalize the domestic ship fuel supply industry. This pilot project is a follow-up measure.

Kang Do-hyung, Minister of Oceans and Fisheries, said, "The signing of this business agreement is a very meaningful advancement toward eradicating illegal distribution of duty-free fuel for ships," adding, "We will do our best to carry out follow-up procedures so that the ship fuel quantity supply system, which is essential to enhance the international competitiveness and external credibility of our ports, can be promptly introduced and established."

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