The shipping company HMM has planned to order 12 containerships of 20,000 TEU and 8 containerships of 14,000 TEU capacity to be deployed in the Asia-North Europe and US East coast.
The company has embarked on a mission to reach the top by embarking on a ‘Capacity of 1 Million TEU’ strategy.
Eco-friendly mega containerships
This move comes shortly after the Korean government announced the ‘5 Year Plan for Rebuilding Korean Shipping’.
HMM, Korea’s national flagship carrier-is now getting into its stride to gain global competitiveness by ordering eco-friendly & highly efficient mega containerships.
First, HMM plans to order of total twenty mega-vessels; twelve above 20,000 TEU and eight
14,000 TEU vessels which are considered trades respectively.
Shipyards to be identified
HMM will start on selection of shipyards by sending out its Request for Proposal (RFP) to shipbuilding companies.
To comply with the new environmental regulations, HMM will opt for scrubber installation or LNG bunkering for all the newbuilding vessels after thorough discussions with the finally selected shipbuilder.
If the shipbuilding process proceeds smoothly followed by the selection of the shipbuilder, signing of a Letter of Intent (LOI) and finalizing its contract, all the new vessels will be sequentially delivered in the right time to prepare for the 2020 environmental regulations.
HMM official said, “Through the acquisition of the most technologically advanced mega containerships, we can strengthen cost competitiveness and react rapidly to the international environmental regulations. HMM will do its best to become a global top carrier to meet expectations of related organizations and shareholders.”
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Source: Hyundai Merchant Marine
