Sunday, June 22, 2025
Home News HMM and Shanghai International Port Group sign clean marine fuel agreement

HMM and Shanghai International Port Group sign clean marine fuel agreement

South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine fuel.

This agreement will focus on bunkering methanol and LNG at Shanghai Port in China, while it also covers supporting carbon reduction goals, promoting global shipping new energy cooperation, and helping shipping energy transformation and sustainable development.

HMM has committed to achieving net-zero emissions for the entire business by 2050. “To accomplish this aim, it is critical to establish port bunkering infrastructure for clean marine fuel,” said the company.

HMM is expanding to develop sustainable eco supply chain networks at Shanghai Port and other important container ports, such as Singapore and Busan. The container carrier also signed new building contracts for nine 9,000 TEU vessels powered by methanol, and plans to operate two 7,700 TEU LNG-powered vessels by the end of this year.

S.W.Oh, Chairman of HMM (Shanghai) Co., Ltd and Huang Haidong, Marketing Director of SIPG sign the MoU.

SIPG continues to become a front-runner in promoting the development of green and ecological ports. 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,” stated an HMM official.





Antonis Karamalegkos
Managing Editor

Latest Posts

We Asked AI: Container Ships in Ancient Worlds

Container Ships in Ancient Worlds Imagine a colossal container ship gliding through the Nile as pyramids rise in the distance, or docking at a bustling...

Scenario planning for Mediterranean ports growth amid ongoing tensions

The sustained growth of Mediterranean port traffic, driven by increased Asia-Europe trade and the Red Sea crisis, presents a dynamic landscape for global shipping. Assuming...

Thessaloniki port Revival: Balkan gateway reawakens

 For decades, Thessaloniki was a port with strategic promise but structural limitations, ideally located at the crossroads of Europe and the Balkans, yet constrained...

Vigor Marine Group’s consolidation signals US push to counter China’s shipbuilding dominance

In a bold move to strengthen America’s maritime capabilities, five leading US ship repair and marine service providers have united under a single banner. This...

AI reshape shipping operations

The integration of artificial intelligence into shipping operations, is poised to transform competition in the maritime industry by enhancing efficiency, safety, and sustainability while...
error: Content is protected !!