HMM joins mega boxship club
South Korean shipowner Hyundai Merchant Marine (HMM) has confirmed several orders for new vessels including 12 ships of 23,000 teu capacity.
The confirmation follows an announcement earlier in the year by HMM that it was contemplating a fleet expansion programme. The contracts announced on 28 September amount to a combined value of 3.15Tn Won ($2.84Bn) for 20 vessels from three of South Korea’s main builders.
For the 12 mega carriers, the orders have been awarded to Samsung – five vessels – and DSME – seven ships. A further eight 15,000teu vessels included in the total value will be built by Hyundai Heavy. In the statement about the orders, HMM said “The company has ordered the environment-friendly ships not only to pre-emptively respond to new environmental regulations but also to strengthen its mid- and long-term competitiveness”.
The earlier announcement of the fleet expansion programme revealed that HMM is planning to increase its fleet capacity to 1Mn teu by 2021. The first of the larger vessels is expected to be delivered in the second quarter of 2020 with the delivery of the smaller vessels beginning in 2021.
No details as to how the ships will meet the 2020 sulphur cap were released but HMM was previously thought to favour scrubbers.