HMM, SIPG partner to supply clean marine fuel

Hyundai Merchant Marine (HMM) has signed a Memorandum of

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.