Sponsored By

HMM splashes out $1.57bn on 12 boxship newbuilds

As container shipping’s bull run continues HMM is splashing out $1.57bn of twelve 13,000 teu newbuildings at Korean yards.

Marcus Hand, Editor

June 29, 2021

1 Min Read
photo 1 HMM KSOE
Photo: HMM

HMM has inked contracts Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for each yard to build six 13,000 teu boxships.

The vessels for delivery in the first half of 2024 and will be fitted with scrubbers and also LNG-ready in terms of fuel. The vessels will cost a total of $1.57bn.

An HMM official said, “Our newly ordered containerships will be fitted with the latest energy-efficient technologies. 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.”

The latest orders from HMM add to a surge in containership newbuilding orders since the latter half of last year.

About the Author

Marcus Hand

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

See more from Marcus Hand
Get the latest maritime news, analysis and more delivered to your inbox
Join 12,000+ members of the maritime community

You May Also Like

Latest in Red Sea Crisis

thumbnail
Containers
Gemini to pick from twin network options in OctoberGemini to pick from twin network options in October
byGary Howard
Sep 10, 2024
2 Min Read
thumbnail
Containers
Standalone MSC network to offer Suez and Cape routesStandalone MSC network to offer Suez and Cape routes
byGary Howard
Sep 9, 2024
1 Min Read
View of container ship from the air
Containers
ONE and SeaLead launch new Red Sea servicesONE and SeaLead launch new Red Sea services
byMarcus Hand
Sep 5, 2024
2 Min Read
Latest News
VIEW ALL
Sep 18 - Sep 19, 2024
Connecting global maritime and logistics professionals in Saudi Arabia.
learn more
Recent Podcasts