Hanwha Ocean Forms Strategic Partnership with 'Global Marine Decarbonization Center'

Son Young-chang, Vice President and Head of Product Strategy Technology Institute at Hanwha Ocean (third from the left), Lin Lu, CEO of the Global Marine Decarbonization Center (fourth from the left), and other company officials are posing for a commemorative photo after signing the strategic partnership agreement. Photo by Hanwha Ocean

Hanwha Ocean announced on the 21st that it has signed a strategic partnership with Singapore's Global Centre for Maritime Decarbonisation to collaborate on maritime carbon neutrality.

The Global Centre for Maritime Decarbonisation is a non-profit organization established in 2021 with support from the Maritime and Port Authority of Singapore and six companies and institutions to support the decarbonization of the maritime industry. Ten companies, including BW Group, Hapag-Lloyd, and DNV (Det Norske Veritas), participate as strategic partners.

To realize decarbonization in the shipbuilding industry, an organic alliance across the entire industry is required, including the development of eco-friendly ship technologies, production of green fuels, and establishment of bunkering infrastructure. By participating as a strategic partner of the Global Centre for Maritime Decarbonisation, which has built partnerships with major energy companies, shipping companies, classification societies, and research institutions, Hanwha Ocean can influence the decarbonization of the entire industry.

In particular, this strategic partnership is the first that the Global Centre for Maritime Decarbonisation has signed with the domestic shipbuilding industry. It is expected to further strengthen Hanwha Ocean’s position as a leader in the eco-friendly and high value-added ship market and contribute to the decarbonization of international shipping.

Hanwha Ocean and the Global Centre for Maritime Decarbonisation plan to strengthen cooperation focusing on ▲ low-carbon and zero-carbon fuels ▲ onboard carbon capture and storage (OCCS) technologies ▲ energy efficiency technologies to lead the sustainable energy transition in the shipping industry.

Hanwha Ocean is proactively responding to environmental regulations of the International Maritime Organization (IMO) by introducing various eco-friendly solutions. In September, it unveiled the next-generation zero-carbon propulsion liquefied natural gas (LNG) carrier "Ocean 1" at Gastech 2024. Last year, it also received concept approval for OCCS technology from the Korean Register (KR) and the Marshall Islands Registry, and plans to apply this technology to LNG carriers in the future.

A Hanwha Ocean official said, "Hanwha Ocean is actively engaged in developing maritime decarbonization technologies," adding, "Through this collaboration, we will present solutions for the future of the shipping industry and pursue sustainable management leading eco-friendly technologies."

Lynn Loo, CEO of the Global Centre for Maritime Decarbonisation, stated, "We are very pleased to accelerate maritime decarbonization through the strategic alliance with Hanwha Ocean," and added, "Based on this cooperation, I am confident that both companies will provide more innovative and sustainable shipping solutions."

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