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Hyundai Heavy Industries to invest KRW 1 trillion in green shipping tech through IPO

Investment will be made over the next five years for the development of eco-friendly future ships and production facilities to strengthen its competitiveness, it said.

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South Korean shipbuilder Hyundai Heavy Industries on Wednesday (27 January) said it plans to invest KRW 1 trillion (USD 897.8 million) in more eco-friendly future businesses in preparation for the low-carbon energy transition.

The investment will be made over the next five years for the development of eco-friendly future ships, development of ‘green’ construction technology, and the construction of eco-friendly production facilities to strengthen its business competitiveness.

To this end, the currently unlisted company, Hyundai Heavy Industries, plans to issue and raise about 20% new shares within the year through IPO (public disclosure). Hyundai Heavy Industries is currently 100% owned by Korea Shipbuilding & Marine Engineering, an intermediate holding company within the group.

Through this investment, Hyundai Heavy Industries will develop eco-friendly ships in preparation for the low-carbon era such as hydrogen and ammonia powered ships, advanced smart ships for the future, autonomous ships, and advancing dual fuel propulsion ships.

In addition, the company plans to promote technology investment via M&A and the purchase of shares in companies possessing fuel cell-related technologies, and to lay the foundation for ESG (environmental, social, governance) management by building eco-friendly ships and investing in facilities. 

This investment is for Hyundai Heavy Industries to secure competitiveness for the future market through preemptive investments as the shipbuilding industry recovers in earnest.

Related: Korean shipbuilding industry receives record number of LNG powered newbuilding orders
Related: HHI and DNV GL present green tanker solutions from joint research partnership
Related: South Korea: HMM signs MOU to demonstrate use of bio heavy oil as bunker fuel


Photo credit: Hyundai Heavy Industries 

Published: 3 February, 2021

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Ammonia

Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Named after Türkiye’s largest city and economic capital, the “Grande Istanbul” is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.

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Grimaldi Group unveils ammonia-ready PCTC in Türkiye

Grimaldi Group recently presented the Grande Istanbul, one of its latest-generation, ammonia-ready Pure Car & Truck Carriers (PCTCs), during a ceremony held at Autoport in Kocaeli, Türkiye.

Named after Türkiye’s largest city and economic capital, the Grande Istanbul is one of the 17 latest-generation, ammonia-ready PCTCs commissioned by the Grimaldi Group.

The vessel offers a capacity of up to 9,241 CEUs while reducing CO₂ emissions per unit of cargo by up to 50% compared with previous-generation car carriers.

“The ceremony reaffirmed the Group’s long-term commitment to Türkiye, where it has been operating for almost five decades,” the company said in a social media post.

“Today, around 20 state-of-the-art ro-ro vessels and PCTCs connect Turkish ports with a global network of more than 150 ports in over 60 countries, supporting the country’s automotive industry and international trade.”

The Grande Istanbul is currently deployed on the Grimaldi Group’s EuroMed Service, linking several ports in Northern Europe and the Mediterranean, including Autoport, Borusan, Derince, Gemlik, Haydarpaşa and İzmir in Türkiye. 

 

Photo credit: Grimaldi Group
Published: 7 July, 2026

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Methanol

OOCL dual-fuel boxship completes first green methanol bunkering op at Qingdao Port

“OOCL Wisdom” completed its first green methanol bunkering and commenced its maiden voyage to Europe at Qingdao Port on 3 July.

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OOCL dual-fuel boxship completes first green methanol bunkering op at Qingdao Port

​International container transportation and logistics company Orient Overseas Container Line (OOCL) on Friday (3 July) said its first methanol dual-fuel containership, OOCL Wisdom, completed its first green methanol bunkering and commenced its maiden voyage at Qingdao Port.

OOCL Wisdom is the first in a series of seven methanol dual-fuel container vessels. With a maximum capacity of 24,168 TEU, it is currently the world’s largest methanol dual‑fuel container vessel and is deployed on the Asia – North Europe Loop 1 (LL1) service.

Mr. Peter Pan, Director of Trades of OOCL, said: “OOCL Wisdom completed its first green methanol bunkering and commenced its maiden voyage to Europe at Qingdao Port, representing a significant achievement of the deepening collaboration between OOCL and Shandong Port Group, and reflecting OOCL’s steadfast commitment to green and low‑carbon development, digital intelligence and sustainability.”

 

Photo credit: Orient Overseas Container Line
Published: 6 July, 2026

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LNG Bunkering

Zhejiang Province wraps up first cross-regional bonded LNG bunkering operation

“Hai Yang Shi You 302” supplied container ship “MSC Maria Laura” with 3,500 cubic meters of bonded LNG at Chuanshan Port Area, after the bunkering vessel received bonded LNG in Zhoushan.

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Zhejiang Province wraps up first cross-regional bonded LNG bunkering operation

Zhejiang Province on Saturday (27 June) completed its first cross-regional bonded LNG bunkering operation at Chuanshan Port Area of ​​Ningbo-Zhoushan Port, according to Hangzhou Customs. 

Bunkering vessel Hai Yang Shi You 302 travelled to ENN Zhoushan LNG receiving terminal to load bonded LNG. The vessel then supplied container ship MSC Maria Laura with 3,500 cubic meters of bonded LNG at Chuanshan Port Area. 

Zhejiang Province wraps up first cross-regional bonded LNG bunkering operation

Compared with the traditional single-port bunkering model, the cross-regional operation removes the geographical barriers between Zhoushan’s gas supply and bunkering demand in Ningbo’s core port area, enabling cross-port LNG transfer within the province.

“The new operating model addresses longstanding constraints associated with the geographical limitations of LNG supply reloading and tight operational time windows,” said Chen Bangkui, Business Manager at CNOOC Zhejiang New Energy Co Ltd. 

“We can now flexibly source bonded LNG from both Zhoushan and Ningbo, significantly improving operational flexibility and efficiency.”

 

Photo credit: Hangzhou Customs
Published: 6 July, 2026

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