South Korea and Australia are joining forces to create an environmentally friendly shipping corridor, marking a significant step toward reducing maritime carbon emissions. The two nations recently signed a memorandum of understanding (MOU) that outlines plans to launch a green shipping route by 2029.

The initiative will establish dedicated maritime pathways where vessels operate exclusively on clean fuels and eco-friendly technologies, effectively eliminating carbon emissions during transit between the countries’ ports. Minister of Oceans and Fisheries Kang Do-hyung emphasized the project’s importance, stating “Establishing a green shipping route is the most effective means to achieve carbon neutrality in shipping.”

The collaboration is set to begin in early 2024, starting with a preliminary feasibility study. The partnership encompasses several key areas of cooperation, including the development of green shipping routes, coordinated advocacy at the International Maritime Organization (IMO), development of eco-friendly fuel infrastructure, and knowledge sharing between organizations in both countries.

This agreement builds on Australia’s existing green shipping initiatives, following a similar partnership established with Singapore last year through the Singapore-Australia Green and Digital Shipping Corridor (GDSC).

“I hope that through the signing of this MOU, the two countries will strengthen cooperation so that a green shipping route connecting Korea and Australia can be successfully established,” Minister Kang added, highlighting the collaborative spirit of the project.