Trump Tariffs on Russia’s Oil Buyers Bring Economic, Political Risks
From punishing Brazil to trying to curb imports of fentanyl, U.S. President Donald Trump has wielded the threat of tariffs as an all-purpose foreign policy weapon.
U.S. classification society ABS has laid out initial plans for strengthening its ties to the Korean maritime industry, announcing today the society will be opening up its first ever energy technology center in Busan in 2012. Called the ABS Korea Energy Technology (KETC), the center will focus on applied research to a broad range of current and future technological challenges.
The center will be led by Dr. Hoseong Lee, a veteran of ABS who has been appointed to the newly established role of Vice President of Global Korean Technology Developement.
Under Dr. Lee’s leadership, the KETC will work in partnership with local universities, shipyards and organizations to undertake research activities with priority in the areas of offshore exploration and production technology, subsea applications, LNG technology, ship energy efficiency and renewable energy.
“Korean shipbuilders are global organizations and this renewed focus will be instrumental in providing the most effective classification service delivery that we offer,” says ABS’ President and CEO, Christopher J. Wiernicki.
ABS says the new KETC will become an integral component for ABS’ global energy-related research, extending the global reach of ABS’ Technology Research and Development group for both the shipping and offshore market sectors.
Dr. Lee will assume his new role starting November 1 and be based out of ABS’ corporate headquarters in Houston.
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