News / Methanol high on South Korean agenda as HMM orders more ships

HMM has placed a $1.1bn order for nine 9,000 teu methanol-fuelled container vessels at compatriot South Korean shipyards, as well as an agreement to fuel them with methanol from Hyundai Corp.

A spokesperson for HMM told The Loadstar in December that it was increasing capacity, explaining: “HMM is considering a range of options, according to its medium-to-long-term strategy, which includes building its fleet from 820,000 teu to 1.2m teu by 2026.”

The movement toward methanol power has snowballed following Maersk’s 2021/22 orders for 18 ...