Why Did 'Ulsan Taehwa Lake' Attract Foreign Shipowners? ... Diversifying Shipbuilding and Marine Equipment Exports

Ulsan City Facilitates Direct Meetings Between Shipowners and Companies

Ulsan City is taking the first step to promote the export of shipbuilding and marine equipment by utilizing ‘Ulsan Taehwa Lake’.

Ulsan City announced that, together with the Ulsan Headquarters of the Korea Shipbuilding & Offshore Equipment Research Institute, it will hold an event inviting overseas shipowners to diversify exports of shipbuilding and marine equipment at Ulsan Taehwa Lake at 10 a.m. on the 26th.

More than 70 participants will attend the event, including Lars Aaboe Jorgensen, regional executive of CMA Ships, CEOs and executives of shipowners from 12 countries such as Greece, Germany, India, Turkey, and Italy, as well as representatives of Ulsan shipbuilding and marine equipment companies.

The event will be conducted in a total of three sessions.

In the first session, overseas shipowners will present on ship equipment supply and services, as well as market trends in India and Greece for the future of the marine industry.

In the second session, Korea Shipbuilding & Offshore will present ‘Case Study on Building a Smart Ship Solution Based on the Integrated Data Platform of the Three Major Shipbuilders,’ ‘Decarbonization and Eco-friendly Propulsion Systems,’ and ADIC Co., Ltd. will present on energy storage system (ESS) containers applicable to shipbuilding and shipping.

Finally, in the third session, overseas shipowners will share their expectations and prospects for Ulsan equipment companies, creating a networking opportunity where our companies and shipowners can meet directly to discuss equipment-related matters.

Small and medium-sized shipbuilding equipment companies in Ulsan have mainly negotiated centered on shipyards, but through this event, they will directly meet overseas shipowners and aim to expand exports through active sales activities.

An Hyo-dae, Deputy Mayor for Economic Affairs of Ulsan City, said, “I hope this will be a productive forum where overseas shipowners and Ulsan’s excellent companies can exchange and develop together,” adding, “Ulsan City plans to work together with innovative institutions such as the Korea Shipbuilding & Offshore Equipment Research Institute to advance the development of the advanced shipbuilding industry, a key industry of the industrial capital Ulsan.”