Korea Shipowners’ Association Forms Arctic Route Task Force to Support Pilot Operations

The Korea Shipowners’ Association announced on September 11 that it has formed an 'Arctic Route Task Force (TF)' in line with the government's Arctic route strategy.

The task force plans to support pilot operations of domestic shipping companies on the Arctic route through a fund of 5 billion won, which was raised independently by member companies. Specifically, it aims to back pilot operation research on the Arctic route, studies on the application of icebreakers and small modular reactors (SMRs), and the collection of atmospheric, oceanic, and route operation data.

The association also plans to sign mutual cooperation memorandums of understanding (MOUs) with the Korea International Trade Association, shipping companies, cargo owners, and others in the future. The association stated, "Competition among countries over logistics, resources, and technology via the Arctic route is already accelerating," adding, "Pushing forward with the Arctic route policy, which has significant future growth potential, is a timely move."

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