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Container Shipping & Trade

Container Shipping & Trade

HMM to order 20 ‘eco-friendly’ mega box ships

Wed 11 Apr 2018 by Rebecca Moore

HMM to order 20 ‘eco-friendly’ mega box ships
HMM will order 20 ships of 20, 000 TEU and 14,000 TEU that will meet the 2020 low sulphur directive

Hyundai Merchant Marine (HMM) will order 12 box ships of 20,000 TEU and eight of 14,000 TEU – and will use LNG or scrubbers on all of these ‘eco-friendly’ mega ships.

HMM will select shipyards by sending out its request for proposal to shipbuilding companies on 10 April.

The South Korean carrier said that “if the shipbuilding process proceeds smoothly followed by the selection of the shipbuilder, signing of a letter of intent and finalising its contract, all the new vessels will be sequentially delivered in the right time to prepare for the 2020 environmental regulations”.

HMM has decided on scrubbers or LNG bunkering to meet these regulations – and will decide which option after “thorough discussions with the finally selected shipbuilder”.

HMM said the benefits of its shipbuilding programme include being able to secure stronger “fleet competitiveness with the benefit of economies of scale” and helping the carrier to “form a stable basis for making profits”.

It said the programme was part of its ‘Capacity of 1M TEU’ strategy. The new vessels will be deployed on Asia-North Europe and US East Coast trades.

HMM added that along with the fleet expansion, it will establish a new mid-long-term plan to enhance its global competitiveness to promote business normalisation and shareholder value, and to create added value between shipping and logistics for mutual growth. To do so, HMM will boost its organisational capability, develop IT technology adopted in shipping and expand global networks.

An HMM spokesperson said “Through the acquisition of the most technologically advanced mega container ships, we can strengthen cost competitiveness and react rapidly to the international environmental regulations.”

They added that “HMM will do its best to become a global top carrier to meet expectations of related organisations and shareholders.”

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