South Korean shipbuilding company HD Hyundai has forged a collaboration with UK energy giant Shell to pioneer the development of large liquefied hydrogen carriers. The partnership aims to jointly produce these carriers for commercialization by 2030, with HD Hyundai focusing on key technologies like hydrogen tanks and engines while Shell provides operational knowledge. The global market foresees substantial growth in the hydrogen transportation sector, with projections indicating a market value of around $566 billion by 2050, encompassing ships and pipelines. Prior initiatives, including partnerships with compatriots and international companies, demonstrate HD Hyundai's commitment to establishing a robust liquefied hydrogen supply chain in Asia and other regions. The approval received by HD Hyundai for their hydrogen system in 2023 further underlines their dedication to innovation, utilizing boil-off gas for a hybrid propulsion system integrating hydrogen engines and fuel cells.