Medium-size Ship Design & Engineering Project of KRISO held online performance report meeting for 2020

- Spurring high value-added eco-friendly ship development while promoting technical support to small- and medium-sized shipbuilders -

□ On the 18th (Friday), the Medium-size Ship Design & Engineering Project of the Korea Research Institute of Ships and Ocean Engineering (KRISO led by President Booki Kim) held the 2020 Consortium Project Performance Report Meeting at ASTI Hotel in Busan. The occasion was attended by relevant personnel and representatives of the Ministry of Trade, Industry and Energy, Busan Metropolitan City, KRISO, and other related institutions.

□ On the day of the event, the number of attendees was minimized in consideration of preventing the spread of COVID-19, and the entire process was broadcast live on YouTube.

□ The Medium-size Ship Design & Engineering Project of KRISO was established in 2018 under the supervision of the Ministry of Trade, Industry, and Energy with the help of Busan Metropolitan City to support and respond to the government's policy to promote the country's shipbuilding industry while enhancing the competitiveness of domestic shipbuilders in medium-sized ship design. Since it was established, the project has formed consortiums with a series of relevant businesses to jointly develop eco-friendly ship technology.

□ In this report meeting, the performance of projects completed in 2020 was presented, along with seminars on the current status of small- and medium-sized shipbuilders and eco-friendly technology trends.

□ Among the 17 projects of the 13 businesses selected as consortium businesses for 2020, six projects were presented with regard to their technology development performance, and two standard ships that were developed to respond to the increased environmental regulations were introduced: LPG-fueled LPG carriers and hybrid-electric car ferries.

□ Also in the meeting, several success stories were shared, in which some businesses were successful in winning orders with the help of technical support from the Medium-size Ship Design & Engineering Project.

□ For example, STX Offshore & Shipbuilding introduced a 6,600-ton tanker that they had recently received an order for. The company jointly developed this technology with the Medium-size Ship Design & Engineering Project by reducing ship resistance and improving propulsion performance. The performance of the developed ship was verified through model tests at KRISO. Kangnam Corporation introduced its project named "Development of Standard Ships to Replace Aged Deep-sea Jigging Ships" as its major achievements because this project led to the winning of orders for two ships of that kind last year and three more this year.

□ Besides this, a local design company in Busan introduced a jointly developed △ 10K LNG bunkering ship and △ standard ship design for fuel-saving 11,500-ton oil carriers. Other technologies jointly developed with leading medium-sized domestic shipbuilders were introduced: △ICE class tankers (Daehan Shipbuilding), 180-m RO-RO freighters (DAE SUN Shipbuilding & Engineering), and △ 170-m car ferries (Hanjin Heavy Industries).

□ The performance report meeting was followed by technical seminars given by invited experts, including Export-Import Bank of Korea, Clarksons Korea, and Lloyd's Register, regarding the current status of small- and medium-sized shipbuilders and the current trends of commercialized ships that operate on eco-friendly alternative fuel, as well as eco-friendly technology trends.

□ Booki Kim, the President of KRISO, said, "We will make sure to speed up the development of eco-friendly, high value-added ships that can meet the global environmental regulations that significantly increased this year and provide as much technical support as possible to our small- and medium-sized shipbuilders."