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17 November 2018 The on-line newspaper devoted to the world of transports 11:42 GMT+1



October 22, 2018

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Financial the South Korean government assures support to the companies of the navalmeccanica and the equipments for the naval field

Under consideration measures in order to favor the competitiveness of the field, in particular in the segment of the development of technologies for the protection of the atmosphere

To little days from the exhortation turned to the European Union from the shipowners and the European ship yards to assume initiatives in order to contrast the current commercial practical lead from the concurrent companies of the Far East, practical treacherous deductions as I yield of the effect of substantial financings publics granted to the societies orientals and in particular to those Chineses and South Koreans(on 5 October 2018), today the South Korean minister of the Commerce, the industry and the energy, Yunmo Sung, has confirmed that the government of Seul will support national the navalmeccaniche companies financially so that they can develop the new technologies necessary in order to be competitive on the international market.

In occasion of the today's visit to the Panasia, society of active Busan in the segment of the development and the production of equipments and systems for the naval field, visit that has happened in the picture of a series of reunions in order to tackle to the phase of difficulty that is crossing the shipbuilding industry and in order to listen to the problems of the companies of the section, Sung has assured that the government is working "for giving impulse in order to renew vitality of the field of the naval equipments".

In particular in occasion of the today's reunion, in the course of which the necessity of giving impulse is evidenced to the field of the technologies in order to diminish the environmental impact of the marine transport, field in which the Panasia it is distinguished with the production of the systems scrubber for the discouragement of the produced gaseous pollutant emissions from the ships, with the South Korean society that recently has signed agreements of the value respective of 75 billion won (66 million dollars) and 150 billion won (132 million dollars) for the supply of scrubber destined to the ships of the fleets of shipowning group Greek TMS and ofthe shipowning group Helvetic Mediterranean Shipping Company (MSC), is emphasized above all the difficulty for the South Korean companies, in spite of the subscription of orders, to retrieve the financings in order to support their production and is exhorted the participation of the government in order to find solutions for the finding of the necessary resources financial institutions. Minister Sung has specified that the government is absolutely conscious of these difficulties and is setting up measures, in agreement with the Financial Supervisor Service (FSS) and with other institutions, so that the companies of the field do not have to renounce to substantial contracts, in particular in the field of the technologies for the protection of the atmosphere.

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