South Korea to invest US$25.5 million in hybrid-powered fishing vessels

A lineup of fishing boats in Jeju, South Korea
A lineup of fishing boats in Jeju, South Korea

The South Korean government, through the Ministry of Oceans and Fisheries, has expressed its intentions to invest the equivalent of US$25.5 million in newbuild fishing vessels with energy-efficient, environment-friendly propulsion.

The propulsion system on each new vessel will be a hybrid arrangement that will also include batteries, which ministry officials claim can help ensure greenhouse gas emissions of as much as 25 per cent compared to conventionally-powered vessels.

The ministry expects the initial examples of the new hybrid-powered fishing vessels to be operational by 2025.

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