Korea to Devise Long-Term Strategy for Autonomous Vessels

Busan: The Republic of Korea will formulate a long-term strategy this year to commercialise autonomous marine vehicle technology as part of efforts to innovate the shipping industry, according to the Ministry of Oceans and Fisheries. The plan will outline a 10-year road map focused on developing essential technologies for building autonomous vessels, transitioning the maritime shipping system to accommodate the technology, fostering professional talent in the sector, and revising related domestic policies. According to Emirates News Agency, Korea launched the policy committee on autonomous ships in line with the “Our Ocean Conference,” a global maritime event taking place in the

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NMDC Energy Reports AED217 Million Net Profit in Q1 2025

Abu Dhabi: NMDC Energy, a majority-owned subsidiary of NMDC Group, has reported strong financial results for the period ending 31st March 2025, with robust performance defined by healthy project activity and diversified revenue contribution. According to Emirates News Agency, NMDC Energy achieved a 25 percent year-on-year increase in net profit for the quarter, rising from AED174 million in Q1 2024 to AED217 million in Q1 2025. This growth was driven by strong operational performance and expansion into new projects both locally and internationally. Revenues climbed to AED3.7 billion, marking a 75 percent year-on-year increase from the corresponding period of 2024.

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