On 28 April, KR signed an agreement with HMM, Samsung Heavy Industries (SHI), and PANASIA to conduct integrated field tests on onboard carbon capture systems (OCCS) for ships.

KR was invited to present at the International Shipping Forum 2023 (ASA ISF 2023) hosted by the Asian Shipowners' Association (ASA) at the Marina Bay Sands Convention Centre in Singapore on 26 April 2023.

The International Maritime Organization (IMO) has set a target to reduce carbon emissions by 40% based on 2008 levels by 2030 and 70% by 2050. In addition, the shipping industry must reduce its greenhouse gas emissions by 50% by 2050.

The amendments of the SOLAS Convention and the related mandatory instruments adopted during the period between1 July 2018 and 30 June 2022 (i.e., from 100th to 105th sessions of IMO’s Maritime Safety Committee) will enter into force on 1 January 2024, in accordance with the four-year cycle entry-into-force scheme (MSC.1/Circ.1481).