HMM aims for 7% market share on main east-west container tradelanes by 2021

In a remarkably bullish two-page press release issued today South Korean flagship HMM has claimed it will have a 7% market share on the main east-west container tradelanes by 2021.

HMM said today that it has rebuilt trust with customers after restructuring two years ago and is on course to have a fleet of 1m slots, more than twice the size of its existing fleet.

In September HMM ordered twelve 23,000 teu ships and eight 15,000 teu vessels due for delivery in 2020.

HMM stated today that its average utilisation level for round trips has grown from 75% in 2016 to more than 80% in the second half of this year. Volumes handled have jumped too, from 3m teu to 2016 to an anticipated 4.5m teu this year.

“HMM will continuously grow its business and make extreme efforts to achieve a global top rated carrier,” the liner stated in its release today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
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