{"id":501,"date":"2024-09-18T15:08:31","date_gmt":"2024-09-18T07:08:31","guid":{"rendered":"http:\/\/www.hajomech.com\/hmm-announces-17-4-billion-investment-plan-focusing-on-sustainability\/"},"modified":"2024-09-18T15:08:31","modified_gmt":"2024-09-18T07:08:31","slug":"hmm-announces-17-4-billion-investment-plan-focusing-on-sustainability","status":"publish","type":"post","link":"http:\/\/www.hajomech.com\/hmm-announces-17-4-billion-investment-plan-focusing-on-sustainability\/","title":{"rendered":"HMM announces $17.4 billion investment plan focusing on sustainability"},"content":{"rendered":"
\n

Hyundai Merchant Marine (HMM) has developed a mid-to-long-term plan <\/p>\n

to extend its business portfolio for future growth.<\/strong><\/p>\n

\"HMM<\/p>\n

According to its sustainable growth strategy, HMM will invest a total of <\/p>\n

KRW 23.5 trillion ($17.4 billion) by 2030, with KRW 14.4 trillion ($10.7 <\/p>\n

billion), or more than 60 per cent of total investment, going toward sustainable <\/p>\n

management activities including low-carbon ships and green facilities.<\/p>\n

<\/p>\n

As it works toward Net Zero 2045 to improve its reaction to environmental <\/p>\n

requirements and attain carbon neutrality, HMM revealed that it will invest KRW <\/p>\n

1 trillion ($743 billion) in ship engine modernisation, ensuring a supply chain <\/p>\n

for green fuels, and enhancing operational stability and efficiency through <\/p>\n

digitisation.<\/p>\n

<\/p>\n

In addition to this, the company intends to buy around 70 green vessels by <\/p>\n

2030 and create a carbon-neutral ecosystem across all transportation sectors by <\/p>\n

2045.<\/p>\n

<\/p>\n

HMM also intends to invest KRW 11 trillion ($8 billion) to ensure an <\/p>\n

operable fleet of 1.55 million TEU (130 vessels), preparing for the <\/p>\n

rearrangement of global shipping alliances and strengthening the core business\u2019s <\/p>\n

competitiveness.<\/p>\n

<\/p>\n

Given the growing fleet size, plans include an investment of KRW 1.7 <\/p>\n

trillion ($1.2 billion) in container boxes to improve operating efficiency.<\/p>\n

<\/p>\n

A further investment of KRW 4.2 trillion ($3.1 billion) will go to improve <\/p>\n

its shipping and logistics infrastructure.<\/p>\n

<\/p>\n

HMM finally aims to invest KRW 5.6 trillion ($4.1 billion) to increase its <\/p>\n

bulk business by increasing its fleet from 36 to 110 vessels (12.56 million <\/p>\n

DWT).<\/p>\n

<\/p>\n

Recently, Ocean Network Express (ONE), HMM, and Yang Ming Marine <\/p>\n

Transportation announced a new collaboration under the moniker \u2018Premier <\/p>\n

Alliance\u2019.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Hyundai Merchant Marine (HMM) has developed a mid-to-long-term plan to extend its business portfolio for future growth.According to its sustainable growth strategy, HMM will invest a total of KRW 23.5 trillion ($17.4 billion) by 2030, with KRW 14.4 trillion ($10.7 billion), or more than 60 per ce…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"hj_lang":[3],"class_list":["post-501","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts\/501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/comments?post=501"}],"version-history":[{"count":0,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/posts\/501\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/media?parent=501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/categories?post=501"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/tags?post=501"},{"taxonomy":"hj_lang","embeddable":true,"href":"http:\/\/www.hajomech.com\/wp-json\/wp\/v2\/hj_lang?post=501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}