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.