Shipping Issues at a Glance... Korea Shipping Association Publishes 6 Analytical Reports

The Korea Shipping Association has published six issue analysis reports summarizing industry trends.

On the 27th, the Korea Shipping Association announced the publication of six reports: ▲ Practical Guide to Ship Sales ▲ Study on the Allocation Plan for Shipowners and Charterers to Respond to EU ETS Regulations on Bulk Carriers ▲ Limitations and Improvement Measures of the Current Shipping Act Related to Eco-friendly Fuels ▲ Introduction and Activation Plan for Ship Tax Lease and Ship Fund ▲ Study on the Introduction of a Technical Immigration System for Foreign Marine Engineers ▲ Legal Liability of Shipowners and Improvement Measures for Legal Penalties Related to Ship Accidents.

The issue analysis reports are published with the purpose of providing policy recommendations on pressing issues faced by the shipping industry and guidelines requested by association members.

The ship sales guidebook was created to help each person in charge understand the ship sales procedures. The association also plans to conduct practical training on ship sales for shipping company staff next month.

The report titled 'Study on the Allocation Plan for Shipowners and Charterers to Respond to EU ETS Regulations on Bulk Carriers' analyzed the surcharge of the European Union Emissions Trading System (EU ETS) imposed on foreign shipping companies and researched an appropriate bulk carrier EU ETS surcharge for Korea.

In 'Limitations and Improvement Measures of the Current Shipping Act Related to Eco-friendly Fuels,' the impact on the overall shipping industry was analyzed when large cargo owners directly transport eco-friendly fuels such as ammonia by entering the shipping industry. Along with this, revision plans for the Shipping Act and Enforcement Decree that can reflect current market changes were presented.

Additionally, the reports include research on the tax lease and ship fund system, the introduction plan for a technical immigration system for foreign marine engineers, and legal liability related to ship accidents.

Yang Chang-ho, Vice Chairman of the Korea Shipping Association, said, "This issue analysis report contains analyses of major issues in the shipping industry," adding, "We will continue to publish such issue reports to provide practical assistance to the association's member companies."

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