HMM Plans Methanol and LNG Fuel Distribution at Shanghai Port

HMM and Shanghai International Port Group (SIPG) have entered into a Memorandum of Understanding (MoU) to collaborate on the supply of Clean Marine fuel. This agreement focuses on facilitating the bunkering of methanol and LNG at Shanghai Port, aligning with efforts to support carbon reduction objectives, foster global cooperation in new energy for shipping, and contribute to the transformation of shipping energy towards sustainability. As part of its commitment to achieving a Net-Zero emissions target for its entire business by 2050, HMM recognizes the pivotal role of establishing port bunkering infrastructure for clean marine fuel. To this end, HMM is actively expanding efforts to develop sustainable eco-supply chain networks not only at Shanghai Port but also at other strategic ports such as Singapore and Busan. Moreover, HMM has recently inked new building contracts for nine 9,000TEU vessels powered by methanol, and it intends to put two 7,700TEU LNG-powered vessels into operation by the end of the current year.

SIPG, on the other hand, has been leading the charge in promoting the advancement of green and ecological ports. Since 2022, SIPG has been providing bonded LNG bunkering services to numerous shipping companies globally. Presently, all necessary preparations for green methanol bunkering at Shanghai Port have been finalized. An HMM official expressed their perspective on this collaboration with SIPG, highlighting the expansion of their green fuel supply chain in China, following similar initiatives in Korea and Singapore. They emphasized HMM's ongoing commitment to exploring diverse avenues to adopt environmentally friendly practices.

HMM stands as a globally integrated logistics and shipping entity dedicated to delivering customer value. The company offers tailored services catering to diverse cargo types, encompassing container cargo (including dry, reefer, and special cargo) as well as bulk cargo comprising raw materials, oil, and plants. With a fleet comprising over a hundred vessels of various types, ranging from small ships to mega containerships and VLCCs*, complemented by extensive global maritime networks connecting logistics facilities worldwide, HMM possesses the infrastructure necessary to provide reliable shipping services across different locations and at any time. Moreover, our team of shipping and logistics professionals leverage their extensive experience in maritime transportation and conduct meticulous market analysis to offer optimized solutions tailored to our clients' specific needs.

Shanghai International Port (Group) Co., Ltd. (SIPG), which manages public terminals within the Port of Shanghai, emerged as a significant specialized conglomerate following its establishment in January 2003 through the restructuring of the Shanghai Port Authority. Transitioning into a shareholding company in June 2005, SIPG subsequently made history by becoming the first of its kind to go public in China when it was listed on the Shanghai Stock Exchange on October 26, 2006. Presently, SIPG stands as the largest listed company in port operations within mainland China and ranks among the largest globally. The primary operations of SIPG revolve around port handling activities, integrated logistics services, port-related services, and investments in port infrastructure.