Hmm News

Chinese shipyard Guangzhou Shipbuilding International (GSI) has received an order for four MAN B&W 8S60ME-GI engines in connection with the building of four 10,800 CEU pure car and truck carriers (PCTC) for South Korean shipping owner, HMM Co. Ltd.CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-gas injection) engines in China, which will feature exhaust gas recirculation (EGR) emissions-reduction technology for Tier III NOx compliance.Upon delivery, the PCTCs will go out on charter to Hyundai Glovis Co.…

HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on the supply of methanol and LNG at Shanghai Port.HMM has committed to achieving net-zero emissions target for the entire business by 2050.HMM is also working on eco supply chain networks at 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.Since 2022, SIPG has provided bonded LNG bunkering services for many shipping companies worldwide.

VesselsValue has unveils this year’s top 10 shipowning nations, reviewing the total asset values for vessels by beneficial owner country. From Japan's resolute leadership in the top position with a USD 206.3 billion fleet to the emergence of Hong Kong at USD 44.7 billion, asset values and ownership strategies have changed considerably over the last 12 months, says Rebecca Galanopoulos-Jones, Senior Content Analyst, Veson Nautical.The data provided by VesselsValue and analysed by Veson is valid as of February 2024.

KR has awarded a third-party verification certificate for a “Greenhouse Gas Reduction Calculation Methodology” developed by HMM, South Korea’s largest shipping company.The methodology is based on the Renewable Energy Directive II, a regulatory framework adopted by the EU to promote the use of renewable energy to all member states.The greenhouse gas reduction methodology verified by KR involves calculating the amount of reduced greenhouse gases (GHG) based on the fuel's life cycle emissions (WtW…

Harim Holdings on Tuesday said it has been chosen as the preferred bidder to buy control of South Korea's biggest container shipping company HMM in what people with knowledge of the matter said was a 6.4 trillion won ($4.92 billion) deal.Harim and HMM creditors Korea Development Bank and Korea Ocean Business will negotiate a final deal by the first half of 2024 for 58% of the shipper, said the people, declining to be identified as they were not authorised to discuss terms.Harim entered bidding via a consortium led by its bulk shipping unit Pan Ocean.

Ships sailing for Israel face a 10-fold jump in war risk premiums as the conflict in Gaza intensifies, prompting industry calls for the government to help ensure vital imports keep coming.Israel has vowed to annihilate Islamist group Hamas after its fighters stormed through Israeli towns from Gaza on Oct. 7, killing 1,400 people and seizing more than 220 hostages.Israeli forces have hit back with deadly air strikes and now a ground offensive on the narrow coastal strip, with growing fears the conflict could escalate and pull in the whole region.Israel…

ABS signed a memorandum of understanding to work with key stakeholders in Korea to develop and demonstrate a 3D printing system for ocean-going vessels.Using a digital library for the design process, the system aims to support rapid maintenance, repair and operations by using 3D printing, also known as additive manufacturing (AM), to manufacture parts on a vessel while at sea.ABS joins project partners Ulsan Metropolitan City, Ulsan ICT Promotion Agency, Korea Institute of Industrial Technology…

Safetytech Accelerator, a non-profit established by Lloyd’s Register, has confirmed that UK maritime insurers, the UK P&I Club and TT Club, have signed up for its Cargo Fire & Loss Innovation Initiative (CFLII).The Initiative, launched in February 2023, is a multi-year collaborative technology acceleration program focused on reducing cargo fires and loss in maritime and its impact. It is already supported by anchor partners COSCO Shipping Lines, Evergreen Line, HMM, Lloyd’s Register…

Interest in methanol as an alternative fuel has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of upcoming methanol bunkering-related projects by companies and ports:COMPANIES:A.P. Moller-MaerskMaersk received the world's first methanol-enabled container ship in July. It has 24 more such vessels on order to help it to achieve its goal of using low-emission fuels to transport a quarter of its volumes by 2030.HD Hyundai Heavy Industries expects to build a dozen more such vessels…

The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes.According to the Carbon Emissions Index (CEI), a unique environmental benchmarking tool from Xeneta and Marine Benchmark, the trade corridor making the biggest emissions inroads was the US West Coast to the Far East lane, while Yang Ming emerged as the industry’s ‘emissions hero’ for the second consecutive quarter.The CEI is built on a foundation of real-time AIS data and individual vessel specifications…

Denmark's Maersk said on Monday it has secured fuel for the world's first container vessel able to run on carbon-neutral methanol for its inaugural journey.Interest in methanol as an alternative fuel for bunkering has grown in the shipping industry, which seeks to achieve net-zero emissions by 2050.Below is a list of key upcoming methanol bunkering-related projects by companies and ports:COMPANIES:*A.P. Moller-MaerskMaersk has ordered 19 methanol-enabled ships to work towards a goal of transporting 25% of its ocean cargo using green fuels by 2030.

Hyundai Merchant Marine (HMM) has signed a Memorandum of Understanding (MoU) with GS Caltex to secure marine biofuels.HMM plans to conduct the trial use of the fuels on its three 24,000 TEU container ships in the second half of this year. The biofuels comprise 30% biodiesel derived from used cooking oil and 70% high-sulfur fuel oil (HSFO).Biodiesel reduces greenhouse gas emissions by 80% compared to conventional fuels, notes HMM. Biofuels also have the merit of being compatible with current ship engines without technological modification.In 2021…

Hyundai Merchant Marine (HMM) has announced plans to conduct field tests of an onboard carbon capture system following a feasibility study of the technology for container ships.The project is being conducted with Samsung Heavy Industries (SHI) and PANASIA in the second half of this year.The feasibility study revealed that the system could be installed without changing the existing equipment of the ship and does not hinder the stability of vessel operation.The collected CO2 will be liquefied in a pressurized tank and used for manufacturing dry ice on land.Earlier this year…

Hyundai Merchant Marine (HMM) has reduced carbon emissions to less than half of 2010 levels.According to HMM, the CO2 emissions generated when transporting 1TEU of container for 1 kilometer decreased from 68.7g in 2010 to 29.05g in 2021, representing a reduction of 57.7% over the last decade.This has been achieved amid a more than two-fold increase in fleet capacity, from 337,407 TEU to 755,209 TEU, over the same period.HMM attributes its success to its efforts to constantly upgrade its fleet with energy-efficient mega-vessels.

Xeneta returns this week with a second ranking of carrier carbon emissions, this time focused on the Far East to U.S. West Coast Trade."Why are we doing this? We want to shine a light on the importance of green shipping and spotlight the progress of carriers,” said Peter Sand, chief analyst, touting the results as "Name & Fame." Results are based on the Xeneta and Marine Benchmark Carbon Emissions Index (CEI).Name & Shame: Xeneta CEI Tool Highlights Best, Worst Enviro PerformersQ4'22…

Global shipping companies are exploring ways to boost safety in transporting cargoes as risks grow from fires erupting inside containers or in cars at sea, officials said on Wednesday.Shipping transports around 90% of world trade onboard different vessels including container and Ro-Ro ships with trade routes getting busier.In a new initiative, leading carriers Evergreen Line of Taiwan, South Korea's HMM, Denmark's Maersk, Germany's Offen Group, Singapore's ONE (Ocean Network Express)…

A group of partners in South Korea has set out to develop, demonstrate and commercialize vessels powered by small modular reactors (SMR).Nuclear power for ships has been gaining interest amid stricter greenhouse gas emissions regulations in the international shipping sector.Nine participating institutions, including KAERI, Gyeongsangbuk-do, Gyeongju-si, Korea Research Institute of Ships and Ocean Engineering (KRISO), Korean Register (KR), H-Line Shipping Co., Ltd., HMM Co., Ltd., Wooyang Shipping Co., Ltd., Sinokor Merchant Marine Co., Ltd.

South Korean shipping company HMM announced it has ordered nine 9,000 TEU containerships capable of running on cleaner burning methanol.The $1.12 billion newbuild contracts were signed with South Korean shipyards Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC), HMM said. HSHI and HJSC will build seven and two vessels, respectively, for expected delivery from 2025 to 2026.Upon delivery, the newbuilds are scheduled to be deployed on the Asia-North/Latin America trade lanes and the Asia-India routes.

The blocking of the Suez Canal by one of the largest container ships in service in the world – the Ever Given – in March 2021 caused huge delays to hundreds of vessels waiting to transit the canal, one of the biggest chokepoints on the critical East/West trade shipping route. The blockage was estimated to have affected an estimated $9.6bn of goods each day, or around 12% of total world trade.The latest in a growing list of incidents involving large vessels, the Ever Given has…

HMM Co Ltd, South Korea's largest container shipping company by sales, said on Thursday it plans to invest 15 trillion won ($11.46 billion) over the next five years to sharply increase its capacity.HMM plans to expand its shipping capacity to 1.2 million 20-foot equivalent units (TEU) from the current 820,000 TEU by 2026 and increase the number of bulk carriers to 55 from 29.

The Korean Register (KR) awarded approval in principal (AIP) to two green ammonia-fueled ships at KR’s Seoul branch office on December 15, 2021. One of the ships is a 60,000m3 ammonia-fueled ammonia carrier and the other is a 38,000m3 ammonia carrier/bunkering ship, developed by Korea Shipbuilding & Offshore Engineering (KSOE), Hyundai Heavy Industries (HHI) and Hyundai Mipo Dockyard (HMD).The AIP is the first result from the ‘Green Ammonia Marine Transport and Bunkering Consortium’ which was launched in May 2021.

Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell, attributable to re-stocking of containerized cargo as economic activity recovered from the pandemic induced jolts.

In producing a column for the Marine Design issue, I considered a number of subjects, but in starting to write about them, somehow my mind connected to “Beam is Cheap.” I have a faint memory of being made aware of this during a discussion of a ship design by a design luminary very early in my career, but I don’t remember who it was.When first putting pencil to paper on some design, I always think about that when I make my first rough sketch. It is a very powerful truism, and over…