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More newbuildings on the way to struggling Hyundai

In the midst of its struggle to survive and while negotiating with creditors, carrier Hyundai Merchant Marine (HMM) is on track to take on additional large container newbuildings from shipowner Zodiac.

Photo: Hyundai Merchant Marine

While the South Korean shipping group Hyundai Merchant Marine (HMM) has begun a new round of critical negotiations with shipowners regarding the reduction of charter commitments, which are crucial for the carrier's survival, the third newbuilding in a series of six 10,055 teu container vessels bound for Hyundai has just left the South Korean shipyard Daewoo (DSME).

According to Alphaliner, the vessel Hyundai Jupiter is currently anchored in South Korean waters and has still not been transferred to the carrier.

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