Seoul - South Korea’s flagship carrier, HMM, plans to install onboard carbon capture and storage  (OCCS) systems on ships too young to be scrapped and not practical to convert to run on methanol or LNG.

At a recent seminar on eco-friendly shipping, HMM director Kim Min-kang said: “Even if new ships equipped with dual-fuel engines [for fuels] such as LNG or methanol are released on the market in four to five years, existing ships (that are not designed to reduce carbon emissions) will still account for 60%-70% of the fleet. So . . .