HMM and SIPG Unite on Methanol and LNG Bunkering in Shanghai Port

by Admin
HMM mou marine fuel SIPG

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply cooperation of Clean Marine fuel. This MoU will focus on methanol and LNG bunkering at Shanghai Port. 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 a 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. HMM is 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.

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,” said an HMM official.

About HMM

HMM is a global integrated logistics and shipping company connecting customer values. The company provides customized services for different cargo including container cargo (dry, reefer and special cargo) and bulk cargo for raw materials, oil and plants. Equipped with over a hundred various vessels, including small ships, mega containerships and VLCCs and global seaway networks linking logistics facilities of each country and the globe, HMM has the foundation for stable shipping services anytime and anywhere. In addition, our shipping and logistics experts propose optimized solutions based on diverse maritime transportation experiences and precise market analysis.

Source HMM Co. Ltd.