HMM finally provides details on 20-ship ordering spree

In one of container shipping’s longer telegraphed orders, South Korea’s Hyundai Merchant Marine (HMM) has finally officially announced it is proceeding with an order for twelve 20,000+ teu ships and eight 14,000 teu ships, which will more than double its fleet size when they all deliver in 2020. The larger ships will be deployed on Asia-North Europe trades, while the 14,000 teu vessels will work the transpacific.

Today HMM sent out a request for proposal (RFP) to shipbuilding companies for the ships that will feature either scrubbers or LNG propulsion. Splash has been reporting on this impending order all year.

“Through this new shipbuilding, HMM will be able to secure stronger fleet competitiveness with the benefit of economies of scale. Furthermore, it will help HMM to form a stable basis for making profits in the intensely competitive market,” the Korean line said in a 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.
Back to top button