Korean company HMM has placed a newbuilding order for eight 13,000 TEU container ships with HD Hyundai, which will be built with LNG dual-fuel propulsion.
The total contract value amounts to approximately KRW 2trn. Under the contract, the vessels will be built by HD Hyundai Heavy Industries (HD HHI) and HD Hyundai Samho, with deliveries scheduled to begin sequentially from 2029.
HMM plans to deploy the newbuild 13,000 TEU vessels on its flagship FIM (Far East-India-Mediterranean) service route to enhance operational efficiency on its core trade lanes.
In addition to this order, HMM has acquired four feeder vessels through resale agreements, comprising three 2,800 TEU ships and one 1,700 TEU ship. The feeder vessels will be integrated into emerging regional feeder networks linked to major hub ports, reinforcing the company’s ‘Hub & Spoke’ network competitiveness.
With this latest acquisition, HMM’s total investments this year in fleet expansion, logistics infrastructure, and future technologies have reached about KRW 6trn. Moving forward, HMM intends to maintain its strategic investment approach to achieve qualitative growth and structural improvement.
Image: HMM CEO(Left), Head of Ship Sales Division at HD HHI(right), (source: HMM)
