Maersk and HD Hyundai Partner to Develop Decarbonised Shipping Technology
Key Ideas
- HD Hyundai and A.P. Moller-Maersk signed an MOU to collaborate on decarbonised shipping technology and integrated logistics services.
- Maersk will implement HD Hyundai's decarbonisation technologies, while HD Hyundai will leverage Maersk's logistics services.
- The partnership aims to enhance engine efficiency, increase cargo capacity, and explore using a solid oxide fuel cell system for decarbonisation.
- Both companies expressed commitment to mutual trust and future collaboration, emphasizing the significance of the partnership.
South Korea's largest shipbuilding group HD Hyundai and A.P. Moller-Maersk have entered into a partnership to jointly develop decarbonised shipping technology and global integrated logistics services. The memorandum of understanding (MOU) was signed at the HD Hyundai Global R&D Center in Seongnam, Gyeonggi, with key executives from both companies in attendance. Maersk is set to integrate HD Hyundai's ship decarbonisation technologies into its fleet to reduce carbon emissions, while HD Hyundai will utilize Maersk's integrated logistics services across its subsidiaries. The collaboration will see Maersk's newbuilds from HD Hyundai equipped with innovative solutions like Hinas navigation system and Oceanwise AI-based decarbonisation and economic operation solution. Additionally, the partnership will focus on optimizing engine efficiency, increasing cargo capacity on container ships, and potentially incorporating a solid oxide fuel cell system through HD Hyundai subsidiary, HD Hydrogen. Maersk's chairman, Robert Maersk Uggla, highlighted the importance of the partnership, emphasizing the longstanding trust and respect between the two companies. The collaboration signifies a significant milestone in their relationship and sets the stage for further cooperation in the future.