DNV+to+verify+Green+Ships+for+Korea+Finance+Corporation%E2%80%99s+%E2%80%9CGreen+Ship+Program%E2%80%9D

SEOUL: On 15 June 2011, DNV signed a MoU with the Korea Finance Corporation (KoFC) to cooperate on verification of the green ships.

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Earlier this month, Korea Finance Corporation has announced the green ship finance plan that incentives including a form of lower interest rates on loans will be provided to the ship owners who obtain the vessels designed to reduce emissions. In order to qualify for this financial incentives, the vessels must be built using technologies to reduce air pollutants (e.g. Nox, Sox., etc), CO2, or GHG.

“KoFC’s Green Ship Program will be an encouraging strategy to bring Korean maritime industry closer to taking substantive actions toward reducing environment emissions and help expedite the development of environmentally friendly ships. It is also a golden opportunity for DNV to help Korean maritime industry players taking a step further into this green movement and support them on various green-technology issues,” said Paal Johansen, Regional Manager for DNV in Korea & Japan.

Korea Finance Corporation is the first financial organization in South Korea to run a ship finance program to boost the environmental friendly movement.

KOFC (Korea Finance Corporation)
Wholly owned by the Korean government, KoFC maintains and intensifies the role as an advanced policy-based finance institution. Korea Finance Corporation was established as a financial institutions for money brokerage and assist small and medium enterprises to raise funds easily and by supplying and managing funds required for the growth of national economy, such as the development of regions, the extension of social infrastructure, the development of new growth engine industries, the stabilization of financial markets, and the facilitation of sustainable growth.

Date: 16 June 2011

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DNV is a global provider of services for managing risk, with safeguarding life, property and the environment as our purpose. Organised as an independent and autonomous foundation with no proprietors, DNV balances the needs of business and society, based on its independence and integrity.
DNV serves a range of high-risk industries, with a special focus on the maritime and energy sectors. In addition, DNV has expert knowledge in renewable energy (especially wind and solar) and climate change.

Established in 1864, the company has a global presence with a network of 300 offices in 100 countries, and is headquartered in Oslo, Norway. Our prime assets are the knowledge and expertise of its 8,500 employees. In the Korea, DNV has more than 350 employees and offers services in maritime & energy, cleaner energy, business assurance and software. DNV has operated in the Korea since 1978.

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