Hyundai Glovis, LGL team up to explore SMR-powered car carriers for Korea-US routes

What happened: Hyundai Glovis signed a memorandum of understanding with US logistics firm Liberty Global Logistics to jointly assess operating SMR-powered pure car and truck carriers on South Korea to US routes. Key numbers: Agreement signed Sept. 30 at LGL headquarters in Jericho, New York. Why it matters: SMRs are being considered as a zero-carbon way to power ships, potentially cutting emissions and removing the need for conventional fuel tanks and some exhaust-treatment equipment. The South Korean government is also pursuing marine applications of its i-SMR.

Hyundai Glovis signed a memorandum of understanding with US logistics firm Liberty Global Logistics to jointly assess operating SMR-powered pure car and truck carriers on South Korea to US routes.

SMRs are being considered as a zero-carbon way to power ships, potentially cutting emissions and removing the need for conventional fuel tanks and some exhaust-treatment equipment. The South Korean government is also pursuing marine applications of its i-SMR.