Ulsan Port, a maritime hub for Asia has solidified its commitment to sustainable shipping practices by joining DNV Korea’s Decarbonization Network.

The Network unites technical executives and managers from various stakeholders in Korea’s maritime industry. It consists of two groups: one comprised of major Korean yards (total 9) and the other encompassing a diverse range of participants, including ship owners, managers, charterers, banks and research institutions (total 17).

Ulsan Port Authority, one of the world’s four largest tank terminal clusters, has joined both groups, demonstrating a significant commitment to sustainable maritime practices and its intent to collaborate within DNV Korea’s Decarbonization Network. Recently, the network members visited Jeongil Stolthaven, the largest tank terminal in Ulsan, and looked at major storage facilities and fuel handling processes for eco-friendly fuel supply such as methanol and biofuels.

Soon-yo Jeong, Vice President of Ulsan Port Authority at Ulsan Port Authority, stated, “Joining DNV Korea’s Decarbonization Network is a testament to our unwavering commitment to environmental stewardship and sustainable shipping. In this partnership with industry leaders, we will be at the forefront of building a global green ship fuel and supply chain.”

Vidar Dolonen, DNV Regional Manager, Korea & Japan, added: “We welcome Ulsan Port to our network. Their expertise and commitment to sustainability bring invaluable contributions to our collective efforts in driving positive change within the industry.”

Ulsan Port has emerged as a pioneer in the global maritime industry with the successful implementation of the world’s first green methanol bunkering system. Recent achievements include the supply of 1,000 tons of green methanol to 2,100 TEU-class container ships ordered by AP Moller Maersk group to Hyundai Mipo Dockyard. Additionally, the port seamlessly provided methanol to 16,200 TEU-class large container ships delivered from Hyundai Heavy Industry to the same owner in February 2024.

Established in 2022, the DNV Decarbonization Network aims to assist designated decarbonization leaders in navigating upcoming challenges and sharing insights. Through regular meetings, members cultivate connections with experts in the industry, enabling them to monitor solutions and opportunities amidst technical and regulatory obstacles.

^{Group photo of Decarbonisation network meeting at Ulsan Port: 6th from left: Byeonggu Kim
(Director, UPA) and Sung Ho Shin (Business Development Manager, DNV)}

^{Green methanol bunkering (photo credit: Ulsan Port Authority)}