Korean marine technology company eMARINE Global has been selected as the preferred bidder for a new large-scale vessel traffic system (VTS) project being undertaken by the Korean Coast Guard.
eMARINE says it will work with a range of locally-based system integrators to complete the VTS project, including Daily Blockchain and STX Engine, while also drawing in international expertise from firms including SAAB (an existing eMARINE partner) and Terma.
The Korean Coast Guard VTS project has a $14 million budget and is scheduled to be completed over two years. The final bid price and conditions will be publicly disclosed upon contract signing, which is expected within the next 30 days, the company says.
“Our partnership with SAAB was a key driver to our success in securing this project,” adds Dr. Ung Gyu Kim, eMARINE Chairman and CEO.
“Combined with the Incheon VTS project we won in 2019, eMARINE is quickly solidifying its competitive position in the maritime surveillance market, which has been dominated by another Korean company over the past several decades. We are now changing the game by bringing cutting-edge, innovative technologies to the market.”
Under the terms of the contract, the project consortium will build two VTS operating centres, one in Mokpo and one in Gunsan, both located on the southwest coast of Korea. Delivery will include three radar systems in Mokpo and two radar systems in Gunsan.