South Korea’s Hyundai Merchant Marine (HMM) is going to order 20 mega containerships at three domestic yards as part of its newbuilding plan announced in April.
HMM said today that it has selected Hyundai Heavy Industries for eight 14,000 teu container ships, Daewoo Shipbuilding & Marine Engineering for seven 23,000 teu ships and Samsung Heavy Industries for five 23,000 teu ships.
The larger ships will be deployed on Asia-North Europe trades while the 14,000 teu vessels will work the transpacific.
The company expects to conclude negotiations with the three shipbuilders soon and sign letters of intent within the next two weeks.
Last week, HMM announced that it will exit from the transatlantic container trades by terminating services of two loops linking North Europe and the United States.