KMTC contracts four feeders at Hyundai Mipo

KMTC contracts four feeders at Hyundai Mipo

Intra-Asia specialist Korea Maritime Transport Co (KMTC) has contracted Hyundai Mipo Dockyard to build four 1,800 teu boxships. No price has been revealed for the vessels which will deliver next year.

KMTC sold its last bulker in April last year to focus on growing its container business.

KMTC’s 124,711 slots places it 17th in the global liner standings, according to Alphaliner statistics.

Charter rates for sub-3,000 teu tonnage has jumped this year as available ships have become scarce leading many brokers to predict a swathe of feedership orders.

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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