Decarbonization of shipping: An ambitious global test bed for green ships sets sail
With 90% of traded goods being transported across the ocean, the shipping industry stands at the heart of the global economy.
Mr. Dong Kwan (DK) Kim is the Vice Chairman of Hanwha Group and Chief Executive Officer of Hanwha Solutions, Hanwha Aerospace, Hanwha Corporation, and Hanwha Impact. The key to Hanwha’s rapid global business expansion has been its drive to build a sustainable future through transformative solutions in the clean energy and aerospace industries. DK has been at the helm of growing Hanwha’s global footprint as a company with innovative technologies that power an advanced portfolio of comprehensive clean energy solutions including next-generation solar modules and systems, offshore wind and clean ammonia/hydrogen solutions. The integration of leading global shipbuilder Hanwha Ocean, previously known as DSME, into the Group exemplifies Hanwha’s holistic approach toward clean energy. Together with other businesses, Hanwha Ocean will pioneer tangible and sustainable solutions in the energy transition through decarbonization technology and an energy value chain that encompasses offshore production, storage, and shipping. Hanwha recently acquired U.S. shipbuilder Philly Shipyard, which has delivered approximately half of the large U.S. Jones Act commercial ships in the United States since 2000, extending its global reach as a world-class shipbuilder and expert in naval vessels. Also under DK’s leadership, Hanwha Solutions has made a near $3 billion investment to build a complete solar supply chain in the U.S. – the largest investment of its kind in the country – which will help power countless homes and businesses as well as support local communities. DK has led Hanwha’s strategic partnership with the World Economic Forum since 2010, contributing to key agendas such as climate change and participating in WEF’s Trillion Trees Platform, 1t.org. He was selected in 2013 as a Young Global Leader (YGL) in recognition of future leaders who possess the core qualities required to build a more sustainable and inclusive world. DK holds a BA in Government from Harvard University.
With 90% of traded goods being transported across the ocean, the shipping industry stands at the heart of the global economy.
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