On November 6th, 2024, HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced that it obtained Approvals in Principle (AIP) from Lloyd's Register (LR) and the Liberian International Ship & Corporate Registry (LISCR) for its ammonia cargo operation system and ammonia fuel supply system, which can be used in conjunction with LPG.
The event was attended by key officials, including Sung-Joon Kim, CEO of HD KSOE, Young-Joon Nam, COO of SD Business Unit in HD KSOE, Young-Doo Kim, Vice President of Lloyd's Register in Korea branch, and Jung Sik Kim, Managing Director of the LISCR Korea.
Ammonia is gaining attention as an alternative fuel technology due to its carbon and sulfur-free emissions and ease of storage and transport, making it a strong candidate to support the International Maritime Organization’s 2050 Net-Zero target. The International Energy Agency (IEA) projects in its “2050 Carbon Zero Roadmap Report “that ammonia will comprise 46% of all ship fuels by 2050. While ammonia is eco-friendly, demand for its transportation is also growing as it serves as a “carrier” for hydrogen, establishing it as a vital link in advancing the hydrogen economy.
HD KSOE has taken a proactive stance in response to the growing ammonia carrier market by completing the certification of its ammonia cargo operation system. Simultaneously, the company has finalized the certification for its ammonia fuel supply system which can be used alongside LPG fuel, from Lloyd's Register (LR) and the Liberian International Ship & Corporate Registry (LISCR), further demonstrating its technological competitiveness in the eco-friendly fuel market.
Kim Sung-Joon, CEO & Senior Executive Vice President of SD Business at HD KSOE, stated, “Ammonia is likely to be essential for achieving carbon neutrality in the long term, and we will maintain a leading position in the upcoming ammonia fuel propulsion ship market based on our current technological superiority.'"
Jung Sik Kim, Managing Director of LISCR Korea mentioned “HD KSOE is one of the world’s leading shipbuilding groups by designing and building high quality and innovative ships, and the development of both ammonia cargo operation and ammonia fuel supply systems confirms HD KSOE’s leading position to accelerate the maritime industry’s pursuit towards net-zero GHG emissions for international shipping. The Liberian Registry is proud to have awarded two Approvals in Principle and one Factual Statement to HD KSOE with great support and collaboration with LR. Congratulations to HD KSOE for this achievement.”
About Liberian Registry
The Liberian Registry has a long-established track record of combining the highest standards of safety for vessels and crews with the highest levels of responsive and innovative service to owners. Comprised of over 5,500 vessels aggregating 266 million gross tons, representing more than 16 percent of the world’s ocean-going fleet. Moreover, the Liberian Registry has a well-deserved reputation for supporting international legislation designed to maintain and improve the safety and effectiveness of the shipping industry and the protection of the marine environment.
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