Page 23: of Maritime Reporter Magazine (August 2025)

COMING TO

AMERICA:

In June, HD Hyundai announced the launch of a strategic shipbuilding collaboration centered on Tampa Ship, an

Edison Chouest Offshore (ECO) company to build container ships in the

U.S. Dino Chouest,

Executive Vice President of ECO and Choi Hannae,

Vice President, Head of Corporate Planning

Division at HD Korea

Shipbuilding & Offshore

Engineering.

Image courtesy ECO

Technologies, for example, is a founding for the shipbuilding industry. The “K- Korea is also taking up the ef? ciency member of the Global Sustainable Trans- Shipbuilding Hyper-Gap Vision 2040” challenge in one of its key strengths port Innovation Alliance (GSTIA), an aims to advance the nation’s capabilities – LNG carriers. Korean Register has initiative sponsored by the Chinese Min- in engines powered by LNG, ammonia signed a MoU with Samsung Heavy In- istry of Transport, designed to accelerate and hydrogen. dustries to jointly develop a 174,000cbm green industrial projects within China.

Andrew Starforth, Silverstream Gen- eral Manager, China, says that at the start of January 2025, the number of ships (over 5,000dwt) built in Asia with energy ef? ciency technologies onboard or on order totaled over 10,000 ves- sels – an increase of roughly 10% from

January 2024. Silverstream works with 20 shipyard partners worldwide, includ- ing 16 across China, Korea and Singa- pore, and Starforth says that, based on data from Clarksons, approximately a third of in-service tonnage built at Asian shipyards is now equipped with some type of emissions-reducing technology.

Silverstream’s calculations show that 42% of the entire Asian orderbook has energy ef? ciency technologies on order or already installed.

Korea’s market share in the global shipbuilding market has been declining over the past four years, and the govern- ment has announced a 10-year invest- ment plan to help businesses develop smart and clean energy technologies www.marinelink.com 23

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