In a significant step towards establishing eco-friendly maritime practices, South Korea successfully conducted its first Simultaneous Operations (SIMOPs) of ship-to-ship methanol bunkering at Busan New Port on 4th October. This groundbreaking achievement marks a crucial advancement in the nation’s commitment to developing a sustainable ship fuel supply chain.
The Ministry of Oceans and Fisheries (MOF) spearheaded this initiative as part of its plan to build an Eco-friendly Ship Fuel Supply Chain, announced in November 2023. The ministry has been diligently working on securing bunkering vessels, developing port infrastructure, and standardizing bunkering procedures.
Busan Port Authority (BPA) supported the methanol bunkering demonstration project, offering exemptions on port facility usage fees and coordinating with relevant agencies to review safety protocols through an inter-agency consultative body.
Korean Register (KR) has played a pivotal role in providing technical support for the development of a methanol bunkering safety system. KR’s contributions include developing standard operating procedures, defining safety management zones, and creating guidance for self-safety management plans.
This accomplishment is expected to significantly enhance the competitiveness of South Korean ports in the growing market for eco-friendly shipping. The successful implementation of SIMOPs, which allows for simultaneous cargo operations and supply of green fuel, is particularly attractive to shipping companies aiming to reduce costs and improve efficiency.
Kang Joonsuk, CEO & President of BPA, stated: “This successful demonstration marks a monumental achievement, showing that Busan Port is fully capable of supplying methanol. We plan to enhance Busan Port’s global competitiveness by developing infrastructure and advancing technology to expand eco-friendly fuel bunkering, positioning it as a leading green port on the world stage.”
Lee Hyungchul, Chairman & CEO of KR, also commented: “As the maritime industry continues to seek greener alternatives, South Korea is trying to position itself at the forefront of sustainable shipping practices. KR will continue to provide full support for technical cooperation to ensure safe and successful green fuel bunkering operations.”
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