HMM orders three feeders at Hyundai Mipo

South Korea’s Hyundai Mipo has received an order from compatriot HMM for three 1,800 teu gearless feeder boxships, with early delivery slots due in Q2 and Q3 2024, according to Clarksons Research. The ships are costing $35.5m each.

Earlier this month, HMM, South Korea’s flagship carrier, laid out a massive spending plan through to 2026 that will see its box fleet grow by nearly 50%, while its bulk fleet will just about double in size.

The KRW15trn ($11.45bn) outlay over the coming four years will grow HMM’s boxship fleet from today’s 820,000 slots to 1.2m, while its bulk fleet is set to grow from 29 vessels to 55. Other acquisitions will include terminals and logistics facilities.

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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