Hyundai Heavy Industries’ previously divested subsidiary, Hyundai Global Services (HGS), is a company that specializes in providing total marine services to its customers. 
Recently, the company announced that it has signed a memorandum of understanding with the Korean shipping company KSS Line to jointly develop an eco-friendly ship business.
According to the MOU, both parties will jointly modify the exhaust gas cleaning system of the medium-sized LPG carriers owned by KSS Line. With the cleaning system, these ships will be able to meet the IMO's maximum sulfur emission requirement of 0.5%, even if it is used more than marine gasoline. Cheap diesel fuel, which significantly reduces fuel costs.
The two sides have set up a work team to carry out basic engineering on the cleaning system, and it is expected that detailed work will be completed by the end of this year. During this time, KSS Line will use the internal navigation data for these modified vessels to analyze the fuel saved and conduct a feasibility analysis for this joint project.
Industry insiders predict that by 2020, more than 15,000 ships worldwide will install exhaust gas cleaning systems, and the global market will increase to approximately $1 billion.
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