Hyundai Merchant Marine to land on 22,000 TEUs
South Korean shipping company plans to join the owners’ club of mega carriers holders
South Korean shipping company Hyundai Merchant Marine (HMM) plans to join the 22,000 TEU ownership club as the company’s CEO has revealed plans to order these megaships in 2018.
Speaking at 2018 Sales Strategy Meeting HMM President & CEO C.K. Yoo said that the 22,000 TEU newbuilding construction project will be in accordance with the national expectation for being a leading shipping nation.“HMM is now located in the good position to be a world-class leading shipping company by overcoming new environmental regulations starting from 2020. Last year HMM has faced many changes such as regaining customer trust, recovering profitability, and ranking no.1 in service reliability. We identified education of ourmanpower and achieving innovative growth through Blockchain technology as key strategic objectives for next year. In addition, securing profitability based on the overseas terminal belt US West Coast – Pusan – Kaohsiung – Algeciras – Rotterdam, was discussed as well, together with the deployment of new vessels, the opening of new services, expanding business network and cutting operating costs” he pinpointed.
The 22,000 TEU order has been rumored for quite some time on the market, however, this is the first time that the plans have been officially confirmed. HMM is considered the best carrier line in the world for being on-time for port calls, according to SeaIntel's latest report.