Wilhelmsen Group inked a Memorandum of Understanding (MoU) with South Korean Hyundai Glovis aiming to explore the potential of the global gas shipping market, and research into alternative vessel fuels.
Specifically, through the MoU Wilhelmsen and Hyundai Glovis work together practically to explore both short, and longer-term opportunities.
In light of the MoU, Thomas Wilhelmsen, CEO of the Wilhelmsen group commented that
We have always been interested in leveraging potential synergies between the two companies, but it’s our shared focus on developing hydrogen as a fuel for the future that has acted as the real catalyst.
Under the MoU, Wilhelmsen will be able to test a variety of technologies on board Hyundai Glovis vessels, such as different digital initiatives, ballast water technologies, and scrubbers.
In addition, Hyundai will be able to tap into Wilhelmsen Ship Management’s twenty-five years of experience in the gas shipping market, expertise, managing both LNG and LPG vessels.
Hyundai Glovis will also look for opportunities to cooperate with Wilhelmsen’s agency division to achieve operational efficiencies across their global port operations.
