South Korea’s HMM has signed a memorandum of understanding (MoU) with Samsung Heavy Industries (SHI) to develop smart ship technology.

According to the MoU, HMM and SHI will partner for the research, development and innovation for smart ship solutions.

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It covers the development of eco-friendly technologies for smart ships and technological competence associated with the digitalisation of ships.

HMM has implemented SHI-developed, advanced smart ship solution called SVESSEL.

The SVESSEL has been installed on five out of twelve 24,000 twenty-foot equivalent unit (TEU) mega containerships that were delivered to HMM.

In April, HMM revealed the world’s largest containership HMM Algeciras in Geoge, South Korea.

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HMM official said: “Both digitalisation and decarbonisation have become integral factors on the pathway to sustainable growth. HMM has concentrated on the exploration of new technologies for the future and has actively participated in various discussions with the parties concerned.”

“We look forward to taking this partnership to the next level with great synergy.”

Additionally, HMM is preparing to run a Smart Ship Control Centre that will enable it to monitor the ship’s safety and efficiency in real time, using cargo information, service routes, locations, ocean weather and vessel conditions.

The centre will start complete operations from this month.

Earlier this month, Singapore-based PSA Corporation formed a joint venture (JV) with HMM in Singapore to achieve improved operational efficiency in container operations.