KR and HD Hyundai Global Service agree carbon-reduction verification MoU
KR (Korean Register) and HD Hyundai Global Service announced that they will cooperate in the development of “shipping and maritime big data and artificial intelligence (AI) technology”, with the aim of applying AI technology to the verification of maritime carbon reduction solutions.
The two companies signed a Memorandum of Understanding (MoU) about the digitalisation and maritime emissions reduction initiative at Kormarine 2023 held in Busan, South Korea.
Through this agreement, HD Hyundai Global Service plans to develop a monitoring system for carbon emissions using AI technology, forecasting and management solutions providing API (application programming interfaces), and data-related scenarios before and after applying carbon reduction solutions. KR will review the accuracy of ‘OceanWise’, the latest solution of HD Hyundai Global Service, and develop objective standards about the effectiveness of carbon reduction solutions.