HMM and SIPG ink MoU for methanol and LNG bunkering in Shanghai Port

Korea-based integrated logistics company HMM on Wednesday (3 April) said it signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) to cooperate in the supply of clean marine fuel, focusing on bunkering methanol and LNG at Shanghai Port. 

HMM aims to achieve the Net-Zero emissions target for the entire business by 2050. 

“To accomplish this aim, it is critical to establish port bunkering infrastructure for clean marine fuel,” it said on its website. 

HMM said it was continuously expanding to develop sustainable eco supply chain networks at Shanghai Port and other key ports such as Singapore and Busan. 

HMM also signed new building contracts for nine 9,000TEU vessels powered by methanol, and plans to operate two 7,700TEU LNG-powered vessels by the end of this year.

Since 2022, SIPG has provided bonded LNG bunkering services for many shipping companies worldwide. Currently, all preparations for green methanol bunkering in Shanghai Port have been completed.

“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.” said an HMM official.

Photo credit: HMM
Published: 4 April 2024