KR Hosts 19th European Committee Meeting in London, Highlighting Decarbonization and Digitalization Advances

LONDON : KR held the 19th KR European Committee (KREC) meeting in London, UK, on July 1st.

The KREC, established in 2004, includes members from major international maritime organizations and key European KR customers as follows:

• Oil Companies International Marine Forum (OCIMF)
• International Association of Independent Tanker Owners (INTERTANKO)
• International Chamber of Shipping (ICS)
• Baltic and International Maritime Council (BIMCO)
• International Association of Dry Cargo Shipowners (INTERCARGO)
• International marine insurance companies like AXA XL
• European shipowners and ship managers such as Bernard Schulte, Songa Ship Management, J.P. Morgan, and Unity Ship Management

KR holds the European Committee annually to discuss major industry issues with members and to inform European maritime industry leaders about KR’s technological developments and business activities.

At the 19th KR committee meeting, KR introduced its technology and research and development achievements related to decarbonization, digitalization as well as the relevant issues in the international maritime industry, in particular EU ETS and FuelEU Maritime regulations being implemented by the EU Authorities to promote decarbonization in the maritime industry.

The meeting also delved into several cutting-edge initiatives, including Norway’s ambitious carbon capture project ‘The Northern Lights’ and the latest publications and programs from OCIMF, with a focus on SIRE 2.0. KR presented its ongoing research and development efforts in decarbonization, fostering an environment where participants could share experiences and collaboratively explore solutions to the complex challenges facing the international maritime industry.

LEE Hyungchul, Chairman & CEO of KR, said, “At a time when the maritime industry is facing strengthened decarbonization regulations from the IMO, EU, and various governments, this Committee meeting served as a very useful forum to gain experience and insights on technology development and international regulatory trends related to decarbonization and digitalization amongst the key figures from the international maritime industry. KR will thoroughly review and analyze the matters discussed at this Committee to improve KR’s services and advance the technology development in the future.“