South Korean shipping giant HMM has confirmed market talk of a huge new containership order, while adding to its fleet portfolio VLCCs. The total investment for the 14 ships (twelve containerships and two VLCCs) comes in at $2.81bn.
HMM has placed an order worth KRW 4 trillion (approximately $2.81bn) for a fleet of new containerships and very large crude carriers (VLCCs).
The company said the order includes a dozen 13,000 TEU sister ships and two very large crude carriers. The 13,000 TEU container vessels, all LNG dual-fuelled ships, will be built by HD Hyundai Heavy and Hanhwa Ocean.
“As decarbonization regulations from the IMO and EU continue to strengthen, LNG is viewed as one of the most readily deployable lower-emission fuels,” said HMM.
It added, “By adding these new LNG dual-fuelled vessels to its existing portfolio, which already includes methanol-powered containerships and LNG-powered vessels, HMM continues to strengthen its position in sustainable shipping. The new VLCCs will also contribute to diversifying and reinforcing the company’s bulk fleet portfolio.”
This fleet expansion is part of HMM’s 2030 mid-to long-term strategy to secure a more flexible and future-ready fleet amid global market and regulatory shifts.
