HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) focusing on cooperation in the supply of clean marine fuel.
The MoU will focus on bunkering methanol and LNG at Shanghai Port. It also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, and helping shipping energy transformation and sustainable development.
HMM has committed to achieving a target of net-zero emissions for its entire business by 2050. To accomplish this aim, it is considered critical to establish port bunkering infrastructure for clean marine fuel. HMM is continuously expanding to develop sustainable eco supply chain networks at Shanghai and other key ports such as Singapore and Busan. HMM has signed newbuilding contracts for nine 9,000 TEU vessels powered by methanol, and plans to operate two 7,700 TEU LNG-fuelled vessels by the end of 2024.
SIPG aims to become a front-runner in promoting the development of green and ecological ports; having since 2022 provided bonded LNG bunkering services for many shipping companies worldwide. Currently, all preparations for green methanol bunkering in Shanghai Port have been completed.
HMM says that the cooperation with SIPG has enabled expansion of its green fuel supply chain in China, following Korea and Singapore; all part of the company’s efforts to find a way to go green.
Image: MoU signing between S.W.Oh, Chairman of HMM (Shanghai) and Huang Haidong, Marketing Director of SIPG (source: HMM)
