HMM strikes methanol and LNG supply deal with Shanghai

South Korea's Hyundai Merchant Marine (HMM) has partnered with Shanghai International Port Group (SIPG) on supply of methanol and LNG as marine fuels in Shanghai Port.

PHOTO: SIPG's marketing director Huang Haidong (left) signing a fuel supply agreement with HMM Shanghai chairman S.W.Oh (right). HMM

“Through this cooperation with SIPG, we have expanded our green fuel supply chain in China, following Korea and Singapore,” said an HMM official in a statement.

In February last year, HMM signed newbuilding contracts for nine 9,000 TEU vessels powered by methanol and is set to operate two 7,700 TEU LNG-powered vessels by the end of this year.

SIPG says it has facilitated bonded LNG bunkering for many shipping companies in the past, and that it is prepared for green methanol bunkering in Shanghai Port.

By Debarati Bhattacharjee

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