Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) have received $1.12bn worth of newbuilding contracts from South Korean container shipping company HMM for nine methanol-powered containerships.

Under the contracts， HSHI will construct seven vessels， while HJSC will construct two. The 9，000 twenty-foot equivalent unit (TEU) vessels will feature methanol dual-fuel engines.

The order of methanol-powered containerships is said to be HMM’s ‘initial step toward expanding its eco-friendly fleet using alternative fuels’.

HMM will use the new vessels on the Asia-North/Latin America trade lanes as well as the Asia-India routes.

Green shipping corridors between Busan， Korea， and major ports in the US are also expected to become one of the routes that the new ships will run on， stated HMM.

The new box ships are expected to be delivered between 2025 and 2026.

Furthermore， HMM has reached a memorandum of understanding (MoU) with five fuel suppliers for the delivery of methanol to the new ships.

The fuel suppliers include Proman，PTTEP，European Energy and Hyundai Corporation.