HMM denies Zodiac chartering deal

Hyundai Merchant Marine (HMM) from South Korea has denied it has sealed a deal to take five 11,000 teu boxship newbuilds from the UK’s Zodiac Marine on charter.

News carried on this site yesterday that the two parties who do have a chartering history together had sealed a deal whereby the British tonnage provider will order scrubber-installed vessels at the Korean yard Hyundai Heavy Industries was described by one HMM official in contact with Splash on Tuesday as “not a fact”.

Allied Shipbroking had the Zodiac/HMM deal as done with each ship pegged as $90m.

Since securing its future after a tricky restructuring last year, HMM has set about reestablishing itself outlining plans to order new ships, take more in on charter as well as buying more terminals around the world.

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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