Hyundai Glovis is ready to win the race in order to prepare for the next step in its hydrogen carrier business growth.

The company’s experience with LNG transportation services, which it has mainly operated car-shipping vessels so far, may be useful for hydrogen transportation services.

Hyundai Glovis and Wilh. Wilhelmsen Holding ASA, a Norwegian shipping company, signed a memorandum of understanding on coordinated joint efforts to transport environmentally sustainable energy resources such as LNG and hydrogen.

Last year, it also announced that a liquefied hydrogen carrier design it collaborated on with Korea Shipbuilding & Offshore Engineering and Hyundai Mipo Dockyard obtained preliminary approval in Korea and Liberia.

The company currently has 32 bulk carriers, with only two of them being LNG carriers. The company’s LNG carrier business has only recently begun, given that it already has 76 pure car and truck carriers.