“Ulsan Port has grown to have an annual cargo handling capacity of 200 million tons as Korea’s largest industrial port since its opening in 1963,” President Byeon Jae-young of Ulsan Port Authority (UPA) said.
“In particular, it has established itself as the leading port for liquid bulk cargo in Korea. Furthermore, while building the Ulsan New Port Hinterland and implementing the Northeast Oil Hub project, Ulsan Port is preparing to take a second leap as a leading port in the 4th Industrial Revolution, including implementing big data tools and technologies to improve port operations,” UPA President said in a message posted in UPA’s website.
“All officers and employees of Ulsan Port Authority, including myself, pledge to do our utmost to develop Ulsan Port into an ‘Eco-Smart Port Leading Energy Logistics’ based on our abundant experience from ports and related sectors,” he said.
“I ask for your continued interest and encouragement for the development of Ulsan Port and the growth of Ulsan Port Authority as we head towards a new era.”
UPA Concentrates Capabilities to Invigorate Ammonia Bunkering Industry
Ulsan Port Authority (UPA) said on Nov. 27 that it will concentrate its capabilities on the ammonia bunkering industry, on top of LNG and methanol, as part of efforts to make Ulsan Port an eco-friendly ship fuel integrated supply port.
Ammonia, not emitting carbon in the course of burning, has become the subject of attention from the global shipping industry as one of the no-carbon shipping fuels to achieve the International Maritime Organization’s 2050 carbon neutrality goal.
Against the background, in January, UPA has already formed a working-level consultative body by striking an MOU to invigorate the ammonia industry with KR, Lotte Precision Chemical, HD Hyundai Heavy Industries.
Two consultative meetings covered diverse ways of cooperation, such as institutional and regulatory reform on the use of ammonia, considered as a dangerous substance, building infrastructure for the stable supply of ammonia, and research and verification on the development of new industries related to ammonia bunkering.
In the third consultative meeting slated for next month, participants are to discuss on an ammonia-powered ship, the to be delivered for the first time in the world in 2026.
UPA is expected to share interim guidelines on ammonia-power ships, discussed on IMO’s CCC-10 session, and have working-level discussions, such as development of safety guidelines of the Korean ammonia bunkering industry and a plan to support bunkering verification.
Ulsan Port, considered as an optimal port for ammonia bunkering, accounts for 800,000 tons to 900,000 tons, which is about 60 percent of Korea’s annual ammonia consumption.
UPA’s moves may be construed as a strategy to secure the competitiveness of Ulsan Port as an eco-friendly ship fuel integrated supply port.
It will do so by establishing infrastructure and systems prior to the full-fledged ammonia bunkering.
UPA President Byeon Jae-young said, “UPA will concentrate its capability to make an eco-friendly bunkering industry as Ulsan Port’s new growth engine through close cooperation with regional industries and shipping community.”
UPA Becomes 1st Port Authority to Set Up Waste Fishing Ropes-to-Resources Regime
Ulsan Port Authority (UPA) is implementing a project to reutilize waste fishing ropes from ships, becoming the nation’s first port authority to do so.
UPA struck an MOU on the building of a waste fishing ropes-to-resources circulation cooperation regime with Global Glovis, G-Marine Service and Foresys on Dec. 4.
Ropes are used to anchor ships at ports, so they are replaced at an interval of five to seven years in consideration of ships and the safety of the crew, but waste fishing ropes are burned or buried.
Under the agreement, the participating companies plan to jointly carry out ESG responsibility management — making environmental contributions by not only saving resources and reducing greenhouse gas emissions, but also producing products, thus contributing to cooperating in a wastes-to-resources circulation regime.
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