Korean Register (KR) and HD Hyundai Global Service have signed a Memorandum of Understanding (MoU) to cooperate on their verification of maritime carbon reduction solutions.
The two organisations agreed to collaborate closely on the development of “shipping and maritime Big Data and Artificial Intelligence (AI) technology,” a convergence of digital and carbon-neutral technologies.
Through this arrangement, HD Hyundai Global Service intends to create a carbon emissions monitoring system based on AI technology, forecasting and management solutions using APIs and data-related scenarios before and after implementing carbon reduction solutions.
KR aims to assess the accuracy of ‘OceanWise,’ HD Hyundai Global Service’s newest solution, and set objective benchmarks for the performance of carbon-reduction measures.
Lee Hyungchul, Chairman and CEO of KR, said: “In this challenging time with strengthened international decarbonisation regulations, it is essential for shipping companies to find efficient ways to reduce carbon emissions to secure competitiveness, and the convergence with digital technology will be the solution.
“We will fully support the industry to achieve more progress in eco-beneficial digital technology through the collaboration with HD Hyundai Global Service.”
Lee Kidong, CEO of HD Hyundai Global Service, added: “We are glad to be able to officially prove the value of our solution with the cooperation of KR.
“Our carbon footprint monitoring system will meet the various industry demands regarding carbon emission management and it will be a very useful tool for exploring new business opportunities.”