http://www.zdnet.com/south-korea-to-introduce-electric-ships-7000025064/
South Korea to introduce electric ships
By Ryan Huang  January 13, 2014

Summary: The vessels will help cut energy costs and greenhouse gas emissions
of small fishing farms, and will cost only one-tenth of operation costs of
fuel-powered ships.

South Korea will roll out its first electric ships this year in a move to
slash energy costs and greenhouse gas emissions of small fishing farms,
according to Yonhap news.

The government will fund 1.2 billion won (US$1.13 million) to introduce up
to 40 vessels, each costing about 50 million won (US$47,328), according to
the report.

Each vessel only costs one-tenth as much to operate compared with
fuel-powered ships, noted the report.

The tradeoff is in its speed, where the ship is limited to about 5 knots per
hour, much slower than fuel-powered ones. It will also be restricted in
operating range, which means they will be mainly only suitable for nearby
seas or inland waters.

The move is the latest energy saving push by the government, which last June
implemented a set of rules for temperature management in buildings. Amongst
the temporary moves, buildings must keep indoor temperatures above 26
degrees Celsius and stores are banned from leaving their doors open. This
followed the forced shutdown of two [electric power plants].
[© 2014 CBS Interactive]




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