HMM Becomes Member of Getting to Zero Coalition

HMMIllustration; Source: Pixabay under CC0 Creative Commons license

South Korean shipping company Hyundai Merchant Marine (HMM) has joined the Getting to Zero Coalition, a new alliance that aims to accelerate international shipping’s decarbonization.

“Climate change is a defining issue of our time and the scale of the environmental regulation we are facing is unprecedented,” Jae-Hoon Bae, President & CEO of HMM, said.

“In order to ensure sustainable growth on the pathway to decarbonisation, all players need substantive reaction to the technological solution of ZEV (zero emission vessel) as well as the development of carbon neutral fuels. HMM is well prepared to cooperate with relevant authorities and institutions within the coalition,” he added.

As explained, HMM is committed to reducing carbon emission by 70% by the year 2030 compared to 2008 levels and thereby reach carbon neutrality by 2050 for its entire container fleet.

The company reorganized its R&D team to accelerate a range of research studies including the exploration of the commercial viability of hydrogen-powered systems and collaboration with DSME on smart ship development.

“HMM’s carbon emission target is ambitious but achievable. Along with Getting to Zero Coalition, HMM expects to make a better contribution to overall industry in moving towards carbon neutrality,” an official from HMM commented.

Comprising almost 100 members, Getting to Zero Coalition was launched at the UN Climate Action Summit in New York in September 2019. The coalition is committed to making the ambitious IMO Initial GHG Strategy a reality by getting commercially viable deep-sea zero-emission vessels powered by zero-emission fuels into operation by 2030.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Offshore Energy Exhibition and Conference (OEEC) 2020

The three-day event includes an exhibition where an expected 600+ supply chain companies…

read more >

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

2nd GREENTECH IN SHIPPING GLOBAL FORUM

Forum you will find out from the regulators, government bodies and major ports’ representatives what the near…

read more >

7th Annual Arctic Exchange

Every year the Exchange invites delegates from across the globe to come together to listen to key senior management teams…

read more >