Hyundai has established a decarbonization alliance with the global shipping and logistics company A.P. Mollermusk. The companies signed a Memorandum of Understanding for the Development of Decarbonized Shipping Technology and Comprehensive Cooperation in Global Integrated Logistics Services at Hyundai's Global R&D Center in Seongnam, South Korea. The partnership involves applying navigation optimization and AI-based solutions to Musk's container ships to test-run for six months. Hyundai and Musk will cooperate on ship decarbonization, engine efficiency optimization, cargo loading, and potentially utilize hydrogen fuel cell technology from HD Hydrogen. This alliance is seen as a significant step towards bringing innovation to the global logistics market by creating synergy between sustainable shipping technology and a comprehensive logistics network. Additionally, Hyundai Heavy Industries and Hanwha Ocean have joined forces in a joint bidding proposal for the Canadian ship modernization project worth $20-24 billion, involving the replacement of submarines with the latest domestic technology-built KSS-III submarines.