HMM, Shanghai International Port sign MoU on methanol, LNG bunkering

Korean logistics company HMM has inked a memorandum of understanding (MoU) with the Shanghai International Port Group to strengthen cooperation in the supply of clean marine fuel, it said on April 3. The cooperation will focus on bunkering methanol and LNG at Shanghai Port. 

HMM said it aims to expand its efforts in developing sustainable supply chain networks not only at Shanghai Port but also at other key ports such as Singapore and Busan. The company has reaffirmed its dedication to environmental responsibility by signing new building contracts for nine 9,000 TEU vessels powered by methanol. Additionally, HMM plans to operate two 7,700 TEU LNG-powered vessels by the end of this year.

Shanghai International Port Group has been providing bonded LNG bunkering services for shipping companies worldwide since 2022. According to SIPG, all necessary 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.