South Korea’s largest shipping company, HMM, has announced a ₩23.5 trillion ($18 billion) investment plan by 2030, aiming to strengthen its global presence and advance eco-friendly practices. The strategy, revealed during a briefing in Seoul, outlines plans for expanding shipping routes and investing heavily in green technologies.
A new “Premier Alliance” with existing partners is set to launch in early 2024, increasing the company’s operational scope, including 30 global routes. HMM also plans to boost services on the Atlantic, India, and European routes.
To achieve its sustainability goals, the company will invest 60% of the funds in eco-friendly infrastructure, aiming to reach carbon neutrality by 2045. The strategy includes expanding its container fleet and building new logistics terminals to diversify its services and reduce reliance on specific markets.
HMM’s investment aligns with global maritime trends, as companies adapt to stricter environmental regulations and evolving market demands.
