New Delhi, Dec. 16 -- Samsung Heavy Industries has taken a major step in offshore nuclear technology by developing a floating platform that can host small modular reactors, marking a shift in how nuclear power can be produced at sea, as per a report by Pulse, the English service of Maeil Business News Korea. The company said it secured approval in principle from the American Bureau of Shipping for the basic design of its Floating SMR platform.

"The South Korean shipbuilder said it received approval in principle from the American Bureau of Shipping (ABS) for the conceptual design of its Floating SMR (FSMR) platform equipped with two SMART 100 reactors," the report said.

The design uses two SMART 100 reactors, which were created by the Ko...