Hyundai Oilbank, a key player in the energy market, announced the signing of an investment agreement with South Korea's Ministry of Oceans and Fisheries. The agreement highlights a strategic partnership focusing on energy and environmental initiatives, with a specific emphasis on decarbonisation solutions for vessels. This collaboration aligns with the broader industry trend towards sustainable practices, as seen in the agreement between Maersk and HD Hyundai to work on decarbonisation solutions for vessels. Additionally, the US and South Korea's plan to establish a green shipping route across the Pacific Ocean in 2027 underscores the global push for environmentally friendly practices in the shipping sector. Furthermore, SK Incheon Petrochemical's launch of a 30% marine biofuel blend demonstrates the industry's commitment to establishing sustainable supply systems for both domestic and international shipping operations. These developments collectively signify a positive shift towards greener and more environmentally conscious practices within the energy and shipping industries.