South Korea’s top shipping company, HMM, has unveiled an extensive strategy to evolve into a global leader in green shipping and logistics. The company plans to invest approximately $17,4 billion USD (23,5 trillion Korean won) by 2030.
The investment will focus on four main areas: $9,4 billion USD for the container business, $4,14 billion USD for the bulk business, $3,11 billion USD for integrated logistics, and $740 million USD for competitive enhancements. More than 60 % of this investment, about $10.66 billion USD, will be dedicated to sustainable initiatives, such as low-carbon ships and green facilities.
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HMM’s strategy includes expanding its container fleet to 1,55 million TEU across 130 vessels, up from the current 83, and acquiring around 70 green vessels by 2030. The bulk transportation fleet will also grow from 36 to 110 vessels, with a focus on eco-friendly energy transport.
The company is contemplating advancing its Net Zero carbon emissions target to 2045. To support this, HMM will allocate $740 million USD for retrofitting engines, securing green fuel supplies, and enhancing operational efficiency through digital technology.
HMM President & CEO Kim Kyung Bae emphasized the company’s commitment to strengthening partnerships, improving service quality, and positioning itself as a global leader in eco-friendly shipping.
