Pyeongtaek Port Authority Signs Letter of Intent with Antwerp and Bruges Ports for Green Shipping Corridor on the 18th

On the 18th, Gyeonggi Pyeongtaek Port Authority signed a Letter of Intent (LOI) with the ports of Antwerp and Bruges to jointly establish a green shipping route.

The LOI was designed to align with the International Maritime Organization's (IMO) 2050 net-zero greenhouse gas emissions target and to position the port as a future-oriented, sustainable, and eco-friendly automotive port.

According to the LOI, the two organizations will cooperate in several areas: accelerating the development and adoption of eco-friendly fuels; jointly exploring a cooperation roadmap for the use of alternative fuels and bunkering; supporting the decarbonization of automotive logistics and supply chains; and forming and operating a Green Shipping Corridor (GSC) working group to set a shared agenda.

Gyeonggi Pyeongtaek Port Authority signed a Letter of Intent (LOI) on the 18th to jointly establish a green shipping route with the ports of Antwerp and Bruges. Provided by Gyeonggi Pyeongtaek Port Authority

Kim Geumgyu, Acting President of Gyeonggi Pyeongtaek Port Authority, stated, "Ports must go beyond simply serving as gateways for foreign trade; to ensure long-term sustainability, it is essential to establish eco-friendly and decarbonized ports. The ports of Antwerp and Bruges have proactively invested in building such future ports, creating jobs, and strengthening supply chains."

Pyeongtaek Port is the largest automotive port in South Korea, handling approximately 1.6 million import and export vehicles annually. As of 2024, the ports of Antwerp and Bruges are the largest automotive ports in Europe, processing 3.22 million import and export vehicles per year.

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