HMM to Invest KRW 2 trillion in Newbuild Fleet
HMM has announced that it placed a newbuilding order for eight 13,000 TEU containerships with HD Hyundai. The eight newbuildings will be built to LNG dual-fuel specifications, with the total contract value amounting to approximately KRW 2 trillion. Under the contract, the vessels will be built by HD Hyundai Heavy Industries and HD Hyundai Samho, ...
HMM has announced plans to invest KRW 2 trillion in expanding its newbuild fleet of 13,000 TEU containerships. The order was placed with HD Hyundai for eight vessels, built to dual-fuel LNG specifications. Under the agreement, HD Hyundai Heavy Industries and HD Hyundai Samho will construct the ships, with delivery beginning in 2029.
HMM aims to use these new vessels on its flagship FIM service route to improve efficiency on its core trade lanes. Additionally, the company acquired four feeder vessels through resale agreements, with three being 2,800 TEU and one 1,700 TEU ship. These feeder vessels will be integrated into new regional networks linked to major hub ports, enhancing HMM's 'Hub & Spoke' network competitiveness.
HMM plans to continue its strategic investment approach to achieve qualitative growth and structural improvement.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
