Shanghai and HMM team up on clean fuel

The memorandum of understanding between the two will focus on bunkering methanol and LNG at Shanghai Port as well as driving decarbonisation in general.

The logistics and shipping company has committed to achieving net-zero emissions across its entire business by 2050 and is focused on developing sustainable green supply chain networks at Shanghai Port and other key ports such as Singapore and Busan.

HMM has 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.

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,” said an HMM spokesperson. “We will continue to strive for various efforts to find a way to go green.”