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Monday, July 26, 2021
HomeGeneralHMM Orders 12 Containerships at DSME and Hyundai Heavy

HMM Orders 12 Containerships at DSME and Hyundai Heavy

South Korean shipping company HMM has reached shipbuilding agreements for the construction of twelve 13,000 containerships valued at $1.57 billion.

The order was split between South Korean shipyards Daewoo Shipbuilding & Marine Engineering and Hyundai Merchant Marine who will construct six vessels each. Deliveries are scheduled in the first half of 2024.

HMM said each vessel will be fitted with hybrid scrubbers and designed to be LNGready.

“Our newly ordered containerships will be fitted with the latest energyefficient technologies,” an HMM spokesperson said. “We expect these ships to give us strong environmental credentials, as well as to provide us with the capacity and flexibility to get our customers’ cargo to the right place at the right time.”

HMM in 2020 posted its first annual profit in five years despite a decrease in container volumes. The company reported net profit of $105 million on the year thanks to a record net profit of $137 million in the fourth quarter after 15 consecutive lossmaking quarters.

In 2020, HMM took delivery of twelve 24,000 TEU newbuild ships operating between Asia and North Europe on The Alliance’s eastwest service network.

The opinions expressed herein are the author’s and not necessarily those of News2Sea.

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