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HMM signs $136Mn funding deal for scrubber installations
South Korean ship operator Hyundai Merchant Marine (HMM) has announced that it has signed an MOU to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries.
The total investment amount will be WON 153.3 billion ($136Mn) which consists of HMM's investment of WON 46 billion and the rest of the amount of WON 62.3 billion and a win-win fund of WON45 billion invested by five companies: Hyundai Corporation, SKTI, Hyundai Global Service, DSEC, and PANASIA).
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