HMM defends future plans

South Korean HMM has a role to play in the container market of the future, according to a statement from the carrier regarding its future plans. The recent order of 20 mega vessels will help make sure of that.

Photo: Hyundai Merchant Marine

HMM has been under a lot of pressure in recent years with red numbers on the bottomline. But the new order of mega vessels will help turn things around, says the South Korean container carrier in an explanation of its future strategy.

In September, the carrier ordered 20 mega vessels including 12 with a capacity of 23,000 teu vessels and eight with with 15,000 teu capacity. The ships will be delivered in 2020, and with them in operation things will improve for the carrier. This applies to, among other things, fixed costs, which will significantly decrease, and fuel costs bunker costs will decrease moderately, writes the carrier.

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