Eco-Friendly Speed HMM Sells Carbon Reduction Volume to German Logistics Company Hellmann

First Contract Signed for Green Sailing Service
Sale of Reduced Amounts from Use of Eco-Friendly Bio Ship Fuel

HMM sold carbon reduction credits to a German logistics company.

HMM announced on the 4th that it signed its first contract for the 'Green Sailing Service' with the German logistics company Hellmann.

The Green Sailing Service is a service that directly reduces carbon emissions by using low-carbon fuel on ships and trades the resulting carbon reduction credits. In the second half of last year, HMM became the first in Korea to significantly reduce carbon dioxide emissions by using eco-friendly 'bio marine fuel' as ship fuel. The rights to this reduction amount were transferred to Hellmann in Germany.

Currently, global logistics companies are striving to reduce carbon emissions from an ESG (Environmental, Social, and Governance) perspective. Recently, the scope has been expanding to include carbon reductions (Scope 3) occurring outside the influence of logistics companies, such as raw material production, product transportation, and product usage.

HMM plans to further expand the Green Sailing Service through increasing the use of bio marine fuel, introducing alternative fuels, and developing various cooperation methods. An HMM official stated, "Eco-friendly navigation has now become an essential element worldwide," adding, "This Green Sailing Service is an example showing that eco-friendly policies can become new opportunities."

Kim Shin, Head of HMM Container Business Division (right), is taking a commemorative photo with Neumann Hellman, Global FCL Director, after signing a Green Sailing service contract at HMM headquarters in Yeouido, Seoul. (Photo by HMM)