South Korea's shipbuilding and shipping companies, including HMM Co., Samsung Heavy Industries, marine equipment manufacturer Panasia and the ship inspection agency Korean Register of Shipping, are collaborating on a joint research project to capture carbon emitted from ships. This is the first demonstration of domestic technology to capture carbon emissions from ships.
The companies announced on Friday that they have signed a memorandum of understanding for onboard carbon capture and storage (OCCS) demo research. According to the agreement, the four organizations plan to install their proprietary OCCS equipment on a 2,100 TEU (twenty-foot equivalent unit) container ship operated by HMM within this year. This is a high-capacity equipment that captures 24 tons of carbon dioxide per day and stores it in liquid form.
South Korea's No. 1 container line HMM Co. announced on Wednesday that it has achieved a remarkable 57.7% reduction in carbon dioxide emissions during the container transportation process over the past ten years.HMM's internal analysis revealed that the CO2 emissions per twenty-foot equivalent
HMM Co., formerly known as Hyundai Merchant Marine, announced on Thursday that it has received the "Gold" rating for environmental, social and governance (ESG) evaluation from EcoVadis for two consecutive years.EcoVadis is a global ESG evaluation agency based in France, known as a major refere
HMM vessel anchored at a South Korean port South Korea has started the process to privatize the country’s No. 1 container line HMM Co. by tapping advisors for the sale of the controlling stake as the government aims to recover taxpayers’ money injected into the company.State-run Kor
HMM is under heavy operating pressure on a plunge in SCFI South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in container freight rates amidst a global economic downturn. The Shanghai Containerized Freight