HMM, SIPG partner to supply clean marine fuel
Hyundai Merchant Marine (HMM) has signed a Memorandum of
Understanding (MoU) with Shanghai International Port Group (SIPG) to supply
clean marine fuel.
This MoU will focus on bunkering methanol and LNG at Shanghai Port. It also
addresses carbon reduction targets, promotes worldwide shipping new energy
cooperation and aids in shipping energy transformation and sustainable
development.
HMM has pledged to achieve a net-zero emissions objective for the whole
business by 2050. To achieve this goal, it is important to develop port
bunkering infrastructure for clean marine fuel.
HMM is constantly developing to create sustainable eco-supply chain
networks at Shanghai Port and other major ports such as Singapore and Busan.
HMM has also signed new building contracts for nine 9,000 TEU
methanol-powered vessels, with intentions to operate two 7,700 TEU LNG-powered
tankers by the end of the year.
SIPG continues to become a front-runner in promoting the development of
green and ecological ports. Since 2022, SIPG has provided bonded LNG bunkering
services for many shipping companies worldwide.
According to HMM, all preparations for green methanol bunkering in Shanghai
Port have been completed.
An HMM official said: “Through this cooperation with SIPG, we have expanded
our green fuel supply chain in China, following Korea and Singapore. We will
continue to strive for various efforts to find a way to go green.”
In March, HMM assisted Hellmann Worldwide Logistics (Hellmann) in reducing
carbon emissions by implementing the Green Sailing Service, an eco-friendly
transportation solution.
