Friday, 28 September 2018 15:04

HMM shares plan for 20 new ships

529 HMM

Hyundai Merchant Marine (HMM) has released details of its plans to build 20 new container ships, including 12 vessels of 23,000 TEU each. All of the orders will go to Korean yards, in keeping with the goals of South Korea's state-backed shipbuilding program. Five of the 23,000 TEU class ships will be built by Samsung Heavy Industries, and the remaining seven will be built at Daewoo Shipbuilding and Marine Engineering (DSME). The eight smaller ships - 14,000 TEU each - will be contracted to Hyundai Heavy Industries, and will be delivered in 2021. 

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