ShippingWatch

South Korea planning Arctic routes

South Korea is now actively entering the Arctic in which a pilot project is launched in August. The government encourages several shipping companies to engage in Arctic navigation and holding forth economic incentives, Sustainable Shipping reports.

Photo: Marinvest

In August, a South Korean shipper will launch an entirely new service with navigation in the Arctic, which according to the country’s Maritime Minister Yoon Jin-sook will import European energy- and dry bulk faster and more efficiently, Jin-sook told the Korean news media Yonhap on Monday.

Initially, the project is a pilot project, and the minister has held meetings with Korean shipowners and shippers to discuss the use of Arctic routes and to offer economic incentives to those who in the future will employ the Arctic routes.  

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Nina Østergaard Borris takes over as USTC's CEO

Danish billionaire Torben Østergaard-Nielsen passes the position as CEO of USTC to his daughter Nina Østergaard Borris. ”A joint decision by the ownership,” Østergaard-Nielsen tells newspaper.

Further reading

Related articles

Latest news

See all jobs