rss icon Subscribe
desktop mobile

HMM to Order 20 Mega Containerships

(File photo: Hyundai Merchant Marine)

By Eric Haun

South Korea's largest shipping line Hyundai Merchant Marine (HMM) announced it will order 20 new containerships, including eight 14,000 TEU vessels and 12 ships above 20,000 TEU.

The announcement comes less than a week after the South Korean government unveiled its Five-year Plan for Rebuilding Korean Shipping.

HMM said it has sent a request for proposal (RFP) to eligible shipbuilders. Once a builder is selected, HMM will decide between scrubbers or liquefied natural gas (LNG) bunkering in order to comply with the environmental regulations due to enter force in 2020.

The larger vessels will be deployed on Asia-North Europe routes while the 14,000 TEU ships will serve the U.S. East coast trade.

"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 company said in a press release.

Apr 10, 2018

 

Container Ships

Maersk to Merge Damco, Ocean Product Units

(Photo: Eric Haun)

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product

Yang Ming Launches New Container Vessel, 'YM Wellbeing'

File Photo: Yang Ming Marine Transport Corp.

YM Wellbeing, a new 14,000 TEU full-container vessel built by Imabari Shipbuilding Co., Ltd.

Maersk to Spend $2 Bln to Meet 2020 Sulphur Cap

(Photo: Eric Haun)

Maersk Line said it will introduce a new Bunker Adjustment Factor (BAF) surcharge designed to

Contracts

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new

Austal Awarded Two More Independence-variant LCS

(U.S. Navy photo courtesy of Austal USA)

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional

Maritime Apps