HMM has signed a memorandum of understanding to establish a win-win fund for scrubber installation in preparation for IMO 2020 and to seek cooperation in the shipping-related industries. HMM plans to complete the scrubber installation on its 19 containerships currently operated by the first half of 2020. HMM is investing KRW 46 billion, with Hyundai Corporation, SKTI, Hyundai Global Service, DSEC, and PANASIA together contributing an additional KRW 62.3 billion. The total investment amount will be KRW 153.3 billion. The five companies invested in a win-win fund will get the first priority for the contract negotiation for long-term fuel supply, supply of scrubber equipment, and scrubber installation etc.