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

Large Containerhip Order for MAN ES

Photo: MAN Energy Solutions

Eastern Pacific Shipping exercised an option connected with an order for 5 × 15,000-TEU

JAXPORT Receives Largest Ever Box Ship

Image: Jacksonville Port Authority

The Jacksonville Port Authority (JAXPORT) and terminal operator SSA Atlantic on Monday afternoon

Hapag-Lloyd Collaborates with XVELA

Pic: XVELA

German-based global cargo container shipping line, Hapag-Lloyd AG Hapag-Lloyd set to implement

Contracts

GSL Extends Hapag-Lloyd Charter

Pic: Global Ship Lease

Marshall Islands-incorporated  containership charter owner Global Ship Lease (GSL) has agreed a

IRClass Wins SCI Contract for 33 Vessels

Pic: IRClass

The ship classification society, Indian Register of Shipping (IRClass) has secured a five-year

TEN Charters for Two LNG Vessels

Pic: Tsakos Energy Navigation

Greek shipping company Tsakos Energy Navigation (TEN) announced new charters for two LNG carriers

Maritime Apps