HMM plans a $17.6 billion investment to boost its container, bulk, and logistics businesses, aiming for Net Zero by 2045.
South Korean carrier HMM has unveiled a strategic investment plan of KRW 23.5 trillion ($17.6 billion) by 2030 to enhance its business operations and establish itself as a global leader in green shipping and logistics. The investment will be allocated across various sectors: KRW 12.7 trillion for container business, KRW 5.6 trillion for bulk business, KRW 4.2 trillion for integrated logistics, and KRW 1 trillion for enhancing competitiveness.
A significant portion, KRW 14.4 trillion ($10.8 billion), will be dedicated to sustainable management initiatives, including the development of low-carbon ships and green facilities, supporting HMM’s target of achieving Net Zero carbon emissions by 2045.
The company plans to invest KRW 11 trillion ($8.3 billion) to expand its operational fleet to 1.55 million TEU (130 vessels) and KRW 1.7 trillion in container boxes to improve efficiency. HMM aims to acquire around 70 green vessels by 2030 and build a carbon-neutral ecosystem across all transportation segments. Additionally, KRW 4.2 trillion will be invested in enhancing shipping infrastructure and expanding terminal capabilities to bolster end-to-end logistics services. HMM’s President & CEO, Kim Kyung Bae, emphasised the company’s commitment to eco-friendly shipping and superior customer service through strengthened partnerships and strategic investments.
