Republic of Korea–United States Green Shipping Corridor Prefeasibility Study: Cargo Flows

This prefeasibility study, as a part of the decarbonization efforts through the Mission Innovation Zero Emission Shipping Mission, was conducted to provide a high-level assessment of the opportunities and challenges in planning and implementing green shipping corridors between major commercial seaports in the United States of America (USA) and the Republic of Korea (ROK). For each country, three major ports were included in the scope of this study: Seattle, Tacoma, and Everett (all in Washington State) for the USA and Busan, Ulsan, and Masan for the ROK. This prefeasibility study report focuses on describing operation characteristics of major vessel and cargo flows between the two countries. Vessel shipments directly affect energy use and demand. Therefore, it is critically important to understand which major vessel types and cargo types are operated or transported within the selected scope and to identify potential target segments for green shipping. Furthermore, this prefeasibility study also discusses limitations and additional assessments that need to be further analyzed in the next stage of the feasibility study. The summary findings and observations discussed in this report are not intended to be used to determine the final target corridors, but to guide later, deeper assessments of their potential impacts and challenges. In the following section, the data sources used in this study are discussed. Section 0 shows the overall vessel trades between the USA and ROK, considering all ports in the two countries. Then, a more detailed analysis by vessel type and cargo flow is presented in Sections 3–6 based on only the three-to-three ports between the two countries. Finally, Section 7 summarizes the findings with suggested target segmentations for the vessel types and discusses other limitations to be considered during the later feasibility stage.