South Korea's Lee welcomes home Arctic container ship as route faces viability tests
The president said Korea will expand Arctic shipping while abiding by sanctions and investing in safety and environmental technology.
- On Tuesday, President Lee Jae Myung celebrated the successful Arctic Ocean voyage of the Korean container ship The PanStar Acro in Busan, marking Korea's first such trip to Europe.
- The PanStar Acro returned to Busan on Sunday after a 50-day pilot voyage via the Arctic Ocean north of Russia to Britain, the Netherlands, and Poland, offering faster shipping than the Suez Canal.
- Lee also aims to develop Busan as a maritime hub by utilizing shipbuilding infrastructure in Ulsan and South Gyeongsang Province, positioning the region as a strategic Arctic shipping center.
- Concerns regarding international sanctions have emerged as the Arctic route gains popularity, prompting Lee to pledge that Korea will "thoroughly abide by international norms and principles on sanctions" regarding Russia's war with Ukraine.
- Hailing the voyage as a "meaningful challenge," Lee noted, "I will work toward ensuring that the new route does not remain the exclusive interest of any one country, but instead leads to mutual prosperity.
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South Korea's Lee welcomes home Arctic container ship as route faces viability tests
South Korean President Lee Jae Myung on Tuesday welcomed home the first South Korean container ship to sail to Europe and back via the Arctic, as Seoul pushes to launch regular services on the route by 2030 despite diplomatic and commercial hurdles.
Lee says Arctic sea route development to comply with int'l sanctions
President Lee Jae Myung on Tuesday reaffirmed Korea's push to develop a new shipping route through the Arctic Ocean, saying it will be pursued in compliance with international norms and sanctions. The president made the pledge at a ceremony celebrating Korea's successful voyage to Europe through the Arctic Ocean by a container ship, as the country seeks to operate summer-season container shipping services linking Asia and Europe. The PanStar Acr…
South Korea sought to convince partners of plans to expand use of the route.
On the 13th, President Lee Jae-myung received a report from the Ministry of Oceans and Fisheries on the "Progress, Achievements, and Future Plans for the Arctic Route Trial Operation" and stated, "Managing relations with Russia is also important." During the Cabinet meeting that day, President Lee remarked, "The Arctic Route reduces the distance to Europe by two-thirds and drastically lowers costs," and "operation
[Digital Daily Reporter Chae Su-woong] President Lee Jae-myung proposed three major principles to accumulate operating experience and invest in safety and environmental technology while complying with international sanctions principles relating to the development of the Arctic route. At the welcome ceremony for the Arctic route pilot operation held in Busan on the 13th, President Lee stated, “We will prepare for the Arctic route era while being …
On the 13th, President Lee Jae-myung emphasized the need to manage stable relations with Russia for the development of the Arctic shipping route, stating, "There are no eternal enemies, nor eternal friends."
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