The Ministry of Oceans and Fisheries and Ulsan Port Authority have announced the successful completion of STS green methanol delivery to a 16,000 TEU containership at Ulsan Port in South Korea.
This is projected to not only strengthen Korean ports’ global position as a sustainable marine fuelling destination, but also to stimulate the future expansion of Korea’s sustainable marine fueling business.
The Ministry of Oceans and Fisheries and the Ulsan Port Authority stated that they will continue to upgrade related systems, such as establishing standard operating procedures for methanol supply, as well as collaborate with the private sector to ensure the economic viability of sustainable marine fuel supply.
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Kang Do-Hyung, the Minister of Oceans and Fisheries, said: “Competition among international ports to preempt the market by building ports that supply sustainable marine fuel is accelerating.
“Under the goal of achieving net-zero by 2050 in the global shipping sector, we will make all-out efforts to strengthen competitiveness so that Korea can lead the global trend of switching to sustainable fuels.”
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Kim Jae-gyun, the President of Ulsan Port Authority, stated: “Following the success of the world’s first green methanol PTS bunkering for containerships in July last year, Ulsan Port has succeeded in green methanol STS bunkering for a very large containership.
“We will do our best to proactively respond to the paradigm shift in ship fuel so that Ulsan Port can be reborn as a hub port for sustainable marine fuel supply.”
In December 2023, a consortium led by the Grimaldi Group companies Grimaldi Euromed SpA and Minoan Lines S.A. acquired a majority stake in the Heraklion Port Authority (HPA S.A.).
