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HMM orders four heavylift newbuilds

Hyundai Merchant Marine (HMM), South Korea's largest shipping company, has ordered four 38,000-ton heavy-lift ships from China's Huangpu Wenchong, equipped with advanced features, and reported strong financial performance for H1 2023, along with compliance readiness for carbon intensity regulations.

Michele Labrut, Americas Correspondent

August 14, 2023

1 Min Read
HMM heavy lift
HMM

South Korean carrier Hyundai Merchant Marine (HMM) has put in an order for four heavylift newbuilds in China. The four 38,000-ton multi-purpose heavylift ships have been ordered from Huangpu Wenchong - a China State Shipbuilding Corporation subsidiary - and be delivered in 2026.

The heavylift ships will be equipped with three cargo holds, hydraulic folding hatch covers, and hoisting hatch covers. The ships will also have two sets of 400-tonne;one set of 200-tonne cranes and be equipped with scrubbers, bulbous bows, and deflector fins.

HMM - largest shipping company in South Korea – posted H1 net profit and operating income of $355 million and also announced that 99% of its owned ships are suitably positioned to maintain compliance with the carbon Intensity Indicator (CII) regulation during voyages.

 

 

About the Author

Michele Labrut

Americas Correspondent

Michèle Labrut is a long-time Panama resident, a journalist and correspondent, and has continuously covered the maritime sector of Central & Latin America.

Michèle first came to Panama as a press attaché to the French Embassy and then returned to the isthmus as a foreign correspondent in the 1980s.

Author of Seatrade Maritime's annual Panama Maritime Review magazine and of several books, Michèle also wrote for Time magazine, The Miami Herald, NBC News and the Economist Intelligence Unit. She has also collaborated in making several documentaries for the BBC and European and U.S. television networks.

Michèle's profession necessitates a profound knowledge of the country, but her acumen is not from necessity alone, but a genuine passion for Panama.

In 2012 she was awarded the Order of Merit (Knight grade) by the French Government for her services to international journalism and in 2021 the upgrade to Chevalier grade.

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