HMM secures financing for eight newbuilds

South Korean HMM signs a financing agreement with British bank Standard Chartered for more than half a billion dollars. The funds will finance a series of eight newbuilds.

Photo: HMM

HMM secures financing for eight new container vessels.

The South Korean carrier has entered an agreement with British financial services company Standard Chartered for a loan facility totaling USD 584 million, according to several media.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

Further reading

Related articles

Trial banner

Latest news

See all jobs