HMM to acquire 70 green ships by 2030

South Korean shipping company HMM has unveiled a massive KRW 23.5 trillion (17.48 billion) investment in sustainable growth by 2030. As part of a mid-to-long-term strategy, the carrier aims to expand its business portfolio for future growth and drive itself to be “a global green shipping and logistics carrier”. HMM will enhance its capacity to

China to make more green ships by 2025

China has set ambitious goals to lead the global shift toward greener shipping, aiming to build over half of the world’s ships using environmentally friendly fuels by 2025. The recommendations issued by the Ministry of Industry and Information Technology should have specified the number of vessels to be built. Still, they highlighted China’s commitment to

India supplies green ships to EU and US

India has now started supplying indigenously built “green ships” to shipbuilding nations like Norway, the US, and Germany, boosting its aim to emerge as a global shipping hub. This move has come through amid a global environmental focus on the entire shipping industry. While vessels are responsible for ferrying the majority of goods all over

Chevron, Angelicoussis to jointly explore ammonia transportation

Chevron, through its subsidiary Chevron Shipping Co. LLC, and the Angelicoussis Group’s Green Ships division, have formed a joint study agreement to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. The initial study will evaluate the ammonia transportation market, existing infrastructure, the safety aspects of ammonia, potential next-generation