ADNOC Gas Targets Up to $4B Profit in 2026 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Anthropic Signs $9.1B AI Data Center Deal With Riot Platforms 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Samsung, SK Hynix Shares Surge on Report of Potential Temasek Investment 
Sony, TSMC Eye $6.3 Billion Japan Chip Venture for Next-Gen Image Sensors 
Nvidia Secures $500 Billion AI Infrastructure Push With Wall Street Giants 
Meta Ordered to Pay $567M Over Child Safety Violations in New Mexico 
Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Apple Tests China’s CXMT Memory Chips for iPhones and MacBooks Amid AI Supply Crunch 
Deutsche Bank Upgrades Persimmon to Buy After Strong First-Half Results 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Shein Scales Back Vietnam Operations as US Trade Rules Shift 
US Judge Dismisses Gautam Adani Criminal Charges 
HD Hyundai Marine Solution Co. said on Thursday, Feb. 1, that it has agreed to supply AI-based and extensive data-based low-carbon monitoring systems to POSCO Group. This carbon emission solution has been named "OceanWise."
OceanWise Decarbonization Solution
OceanWise is designed to monitor and predict carbon emissions based on the weather, changes in ocean tides, and navigation routes. The data are given based on the ship performance prediction model created in the virtual space.
As per The Korea Economic Daily, the system will enhance monitoring accuracy through deep learning and machine learning tools where the ship operation data are loaded for predictions. POSCO will be able to determine the energy efficiency of cargo ships that carry products that release carbon, such as iron ore and coal. The solution will provide the shipment's carbon intensity indicator (CII) rating.
"This contract with global steel company POSCO proved the reliability of OceanWise for managing and reducing carbon emissions," an official of HD Hyundai Marine Solutions said.
Additional Plans for Carbon Emissions
HD Hyundai Marine Solutions said it plans to encourage emissions LCA (Life Cycle Assessment) and carbon credit commercialization in the shipping industry according to Oceanwise's shipping carbon management solution function. It will also expand the extent of its services as needed in the future and provide information on ships' eco-friendly performance.
"HD Hyundai received great attention by introducing Ocean Wise at CES 2023 last year as a core vision to realize 'Ocean Transformation', a fundamental change in the ocean," HD Hyundai said in a press release. "Through this contract, HD Hyundai Marine Solutions will provide a grade monitoring function that can always check the CII (Carbon Intensity Index) grade of dry bulk ships operated by POSCO to import raw materials such as iron ore and coal."
The company added, "In the future, per the discussions between the two companies, the scope of services will be further expanded, including support for designing optimal fuel-efficient navigation routes and operating speeds for each section and providing information on the eco-friendly performance of ships scheduled to be chartered."
Photo by: HD Hyundai Website
