Shell and South Korean shipbuilder HD Hyundai Heavy Industries (HHI) have partnered to develop a new liquefied hydrogen carrier under a joint development agreement. The agreement outlines the collaboration between Shell and HHI to create a large-scale LH2 carrier for potential commercialization by 2030. HD Korea Shipbuilding and Offshore Engineering (KSOE), the parent company of HHI, will focus on researching and developing core technologies such as large-scale liquid hydrogen tanks and hydrogen cargo operation systems. Meanwhile, HHI will oversee hydrogen engine development and LH2 carrier design. Shell will provide its expertise in technology development and carrier operation, evaluating the feasibility of LH2 carrier design. The initiative anticipates the growth of the global LH2 transportation market, including both ships and pipelines.