New emission monitoring partnership to 'bolster' South Korea's maritime decarbonization drive

The Korea Ocean Business Corporation (KOBC) has joined forces with compatriot greenhouse gas (GHG) emission monitoring service providers Mapsea Corporation and Ecomarine to support domestic shipping companies in complying with environmental regulations.

The agreement, announced on August 21, reportedly encompasses voucher-based access to greenhouse gas (GHG) monitoring services. The development expands KOBC’s “Marine Environmental Regulation Response Voucher Program”, which the organization has been promoting since last year.

As disclosed by Mapsea Corporation, this partnership is anticipated to play an ‘important’ part in South Korea’s maritime decarbonization efforts by helping shipowners and managers meet their sustainability targets, especially amid increasingly stringent environmental standards, such as those mandated by the International Maritime Organization (IMO).

It is understood that the maritime transport players benefiting from the vouchers can receive support in various areas necessary for ecological compliance. This is said to include fuel consumption analysis, carbon dioxide (CO2) emission data management, as well as solutions aimed at improvement within these spheres.

As informed, at present, a total of 22 vessels are already receiving voucher support, which allows for access