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

HMM to significantly expand its fleet by 2030

HMM Co., South Korea’s main sea carrier, plans to significantly expand its fleet of container and bulk carriers by 2030 to boost its global competitiveness. As Korea Economic Daily (KED) reports, HMM aims to increase its cargo capacity to 150 twenty-foot equivalent units (TEU) from the current 92 TEU. This expansion would equate to the

HMM, SIPG to cooperate on eco-friendly fuel

South Korea’s major ocean carrier HMM Co. announced that it signed a Shanghai Port Clean Marine Fuel memorandum of understanding (MOU) with China’s Shanghai International Port Group (SIPG). SIPG, a global terminal operator based in the world’s largest port Shanghai Port, has been supplying liquefied natural gas (LNG) fuel to shipping companies worldwide since 2022

HMM targets to have 10% of fuel mix coming from biofuels

HMM, South Korea’s flagship line, intends to have as much as 10% of its fuel mix coming from biofuels by 2026. HMM announced today that it conducted another trial use of a sustainable marine biofuel on its 6,400 teu containership HMM Tacoma calling in Busan. This marine biofuel consists of 30% biodiesel derived from used

HMM ships meet CO2 rules set by IMO

An environmental regulation of the International Maritime Organization (IMO), the CII is a numerical value obtained by indexing the volume of CO2 emitted when transporting a ton of cargo per nautical mile (1,852 m) using ship operational information such as fuel consumption and operating distance.

HMM enters bidding to take over Hyundai LNG Shipping

HMM has decided to enter the bidding to acquire its former LNG shipping operation that was spun off a decade ago during the company’s liquidity crisis. The Korea Herald is reporting on Friday that HMM notified IMM Holdings, owners of the gas carrier, of its intent to enter the bidding and to begin a due

HMM signs MOU with LOTTE for ammonia transportation

HMM is looking to enter the ammonia trades. The company has signed a memorandum of understanding(MoU) with compatriot. LOTTE Fine Chemical for the marine transportation of ammonia. The MoU also covers the bunkering of ammonia and methanol fuel. In 2021, HMM launched a consortium with five Korean partners to seek feasible solutions to form the

HMM to install onboard carbon capture system

South Korean flagship HMM plans to conduct field tests this year of an onboard carbon capture system for containerships along with compatriots Samsung Heavy Industries and Panasia, a scrubber manufacturer which has latterly developed carbon capture technology. A feasibility study has already been carried out, which showed that no major reconfiguration of existing equipment is

HSHI and HJSC receive methanol box ships order from HMM

Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) have received $1.12bn worth of newbuilding contracts from South Korean container shipping company HMM for nine methanol-powered containerships. Under the contracts, HSHI will construct seven vessels, while HJSC will construct two. The 9,000 twenty-foot equivalent unit (TEU) vessels will feature methanol dual-fuel engines. The order

Korean shipping lines to develop nuclear-powered ships

A host of Korean shipping lines including HMM, Sinokor and H-Line Shipping along with the nation’s class society are pressing ahead with plans to develop nuclear-powered merchant ships. Recently, the CEOs of the shipping lines along with the Korean Register, the Nuclear Research Institute and the Korea Atomic Energy Research Institute met in Gyeongju City