South Korea, Dec. 11 -- Demonstrating a significant advance in South Korea's strategy for maritime decarbonization, Busan Port Authority (BPA) has officially launched the first state-owned all-electric ferry, with the end-to-end electric power and propulsion system supplied by ABB.Built by Busan's Kangnam Corporation, the new passenger ferry is the first realization by South Korean authorities of their plan to replace 140 state-owned assets with ships running on cleaner energy sources by 2030, in line with environmental legislation. Sustainable ferries will play a significant role in South Korea's goal to achieve net-zero emissions by 2050, as set out in the country's Green New Deal announced in 2020. ABB's Onboard DC Grid (TM) power distri...