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.