HMM Lines Up Methanol and LNG Fuel Supply in Shanghai Port

Sunday, 15 September 2024

South Korean ocean carrier HMM has inked a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG), China’s largest port operator, on the supply methanol and liquefied natural gas (LNG) bunker fuel at the Port of Shanghai.

HMM says the establishment of port bunkering infrastructure for clean marine fuels is critical to achieving its net-zero emissions by 2050 commitment.

As part of this, HMM has already signed contracts for the construction of its first nine methanol-powered vessels with a capacity of 9,000 TEU each. The company also anticipates the operation of two 7,700 TEU LNG-powered vessels by the end of the year.

HMM said the MoU also supports carbon reduction goals, promotes global shipping new energy cooperation, and aids in shipping energy transformation and sustainable development.

Since 2022, SIPG has offered bonded LNG bunkering services to several global shipping companies. HMM says 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.