KR has signed a three-party Memorandum of Understanding (MOU) for a Joint Development Project (JDP) with Keum Yang Shipping and ALSEN Maritime to develop the conceptual design for an electric hybrid propulsion system for a 2,990 DWT general cargo ship. The MoU signing ceremony took place during the Marintec China 2025 exhibition in Shanghai.

As the demand for eco-friendly, low-carbon vessels accelerates, this collaboration aims to deliver a commercially viable green solution. Key technical objectives include the validation of DC distribution systems, load analysis, and general arrangements essential for actual vessel construction.

Keum Yang Shipping will lead the project’s strategic direction, while ALSEN Maritime handles core engineering designs, including electrical one-line diagrams and core system layouts. KR will conduct a comprehensive technical review against class rules, leading to the issuance of an Approval in Principle (AIP) to verify the system’s safety and reliability.

The technology developed through this JDP will be prioritized for application in Keum Yang Shipping’s upcoming cargo ship projects for real-world demonstration. Building on these results, KR plans to expand technical cooperation with the domestic industry to help establish international safety standards and regulatory responses for electric hybrid propulsion.

PARK Jeongguk, Chief Executive Officer of Keum Yang Shipping stated,
“This collaboration marks a pivotal first step in integrating green technology into actual shipbuilding projects. By partnering with KR, we aim to develop the practical application of electric hybrid propulsion and sharpen our competitive edge in the global market."

YEON Kyujin, Head of KR’s Plan Approval Center remarked,
"KR will leverage its deep technical expertise to ensure the success of this project. We remain committed to leading technical standardization and international regulations tailored to the industry's evolving needs."