In an interview with Jeong-kie Lee, Chairman and CEO of the Korean Register (KR) and the International Association of Classification Societies (IACS), the discussion focused on critical trends shaping the maritime industry. Lee highlighted that the industry is currently grappling with significant challenges including stringent regulations on emissions, cybersecurity risks, and the rise of maritime autonomous surface ships (MASS).
Regulatory challenges, particularly those set by the International Maritime Organization (IMO), are an acute concern, with increased standards for SOx, NOx, CO2 emissions, and new ballast water management obligations adding pressure on shipping companies. The rapid pace of these requirements gives little time for operators to adapt, leading Lee to declare that only the fittest will survive in this evolving landscape.
Equally pressing is the threat of cyberattacks, which have become more prevalent as shipping becomes increasingly digital. Given the shipping industry’s crucial role in global trade, any significant disruption from cyber threats could have widespread ramifications.
Lee sees MASS as a promising opportunity that could resolve long-standing problems in the industry by reducing human error and enhancing safety. However, realizing this potential requires extensive collaboration among regulatory bodies, shipbuilders, and insurers.
Reflecting on the evolution of KR, Lee noted significant growth since 2013, emphasizing the organization’s dedication to providing high-quality services globally. KR has expanded its technical services, particularly in liquefied natural gas (LNG), and opened various facilities aimed at helping clients meet environmental regulations. The company’s capabilities have been reinforced through initiatives such as a Greenship Equipment test certification center and a major ICT center focusing on advanced technologies.
Looking forward, Lee identified three key trends: stringent environmental regulations, cybersecurity enhancements, and the integration of MASS. These trends are anticipated to radically reshape the maritime landscape concerning vessel operations, manufacturing processes, and training.
Moreover, Lee underscored KR’s proactive investment in R&D focused on digitalization and alternative energy sources. The organization has been developing cyber security protocols, utilizing drones for inspections, and working on Virtual Reality (VR) training modules. KR is also exploring hydrogen as a marine fuel and expanding its services in wind energy certification.
Finally, Lee expressed that IACS will continue to play a vital role in ensuring maritime safety and compliance amidst these changes. He aims to maintain focus on quality and transparency while addressing technological advancements affecting the industry, particularly concerning autonomous vessels and greenhouse gas emissions.
In conclusion, Jeong-kie Lee’s insights outline a maritime industry at a crossroads, facing complex challenges but also unveiling significant opportunities driven by technological advancements and evolving regulations. The future of maritime transport, as suggested, will likely emphasize sustainability, safety, and innovation, with KR and IACS positioned to lead this transformation.
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