- HMM introduces its first LNG-powered container ships, “HMM Ocean” and “HMM Sky.”
- These ships are part of HMM’s commitment to carbon neutrality by 2045, with significant investments in eco-friendly technologies.
- The fleet expansion includes nine methanol-powered ships, beginning next year.
On November 21, HMM, South Korea’s leading shipping company, celebrated the naming ceremony of its first LNG-powered container ships, “HMM Ocean” and “HMM Sky,” at HJ Heavy Industries in Yeongdo, Busan, reports Maeil Business Newspaper.
LNG and Methanol as Green Alternatives
The introduction of LNG-powered vessels is a direct response to tightening global carbon emission regulations, including the EU’s Carbon Emission Trading System (ETS).
LNG is gaining attention as a low-carbon fuel due to its ability to reduce carbon dioxide emissions by 30%, nitrogen oxides by 85%, and sulfur oxides and fine dust by 99%.
HMM has also invested in nine methanol-powered ships, which will be delivered next year, marking another leap towards sustainable shipping.
HMM’s Long-Term Investment in Sustainability
HMM’s decision to invest in eco-friendly ships is part of a larger strategic initiative, with a total investment of 23.5 trillion won outlined in the company’s “2030 Mid- to Long-Term Investment Plan.”
Of this, 14.4 trillion won will be allocated specifically to enhancing the company’s green technologies, including a focus on net-zero emissions and sustainability.
Technological Collaboration and Innovation
The LNG-powered ships, built by HJ Heavy Industries, are a major technological achievement. HMM’s partnership with HJ Heavy Industries underscores South Korea’s growing expertise in producing eco-friendly container ships.
This collaboration further enhances the competitiveness of both the shipyard and the shipping company on a global scale.
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Source: Maeil Business Newspaper
