Korean Register signs MoU with Dongkuk Steel to implement strategic technology exchange

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This week in Seoul, the Korean Register – an IACS member class society – signed an MoU with global steel producer Dongkuk Steel. This agreement paves the way for the two organisations to cooperate on the exchange of strategic technology relevant to the construction of seagoing vessels and platforms.

Specifically, the agreement defines mutual cooperation for developing and surveying rolled steel used in the building of ships and marine structures.  It covers:

·        New domestic projects such as natural gas carriers

·        Technical information sharing on technology trends

·        Information sharing on future demand for steel including from international and domestic ship yards

·        Joint studies into the approval and development of new steel types

·        KR’s third-party surveying of Dongkuk Steel’s products

Commenting on the new agreement, Mr Kim Chang-wook, KR executive vice-president said: “This agreement consolidates the relationship between KR and Dongkuk Steel, one of the great steel companies of the world and the second largest in Korea. We expect to generate many synergies from this MoU and I look forward to working together to deliver enhanced products and services to the international and domestic maritime sector”