BoardMarine Accident Investigators Forum in Asia

SubjectKorea's Record Figures Hit1623
WriterLee Min Jung Date2006.05.25

Wednesday, 24 May 2006 <br /> <br />The Korean Register of Shipping had 2,123 ships under class on 31 March. Jong-Won Kim, senior vice-president,<br> speaking at a recent meeting of the KR European Committee (KREC) said that they represented 24.5 gt, “an <br>impressive rise in tonnage” compared to less than 20gt 2003. <br /> <br />The yearly increases in tonnage were 11.9% and 10.1% for the years 2004 and 2005, respectively, which KR says<br> is the second highest growth rate among members of the International Association of Classification Societies. <br /> <br />In 2005, Mr Kim said, Port State Control detention records of KR-classed ships were 0.55% (class-related<br> detention-inspection ratio) in the Tokyo MoU, 0.56% in the Paris MoU, and nil with the US Coast Guard for the third<br> consecutive year. <br /> <br />Regarding the casualty record, he added, six ships were lost in 2005, and all the losses were the result of operational <br> matters such as collision and grounding. <br /> <br />Dr Young-Kee Chon, head of KR's research centre, told the meeting that all 10 members of IACS, including KR, had<br> recognised the two sets of Common Structural Rules for double-hull bulk carriers and oil tankers that took effect <br>officially on April 1. <br /> <br />He remarked: “This unique co-operation between the societies can be attributed to their joint recognition that the CSR <br>mark the most fundamental change in the system of classification since its inception.”

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