HMM Plans to Become Leading Liner
Sea Freight

HMM Plans to Become Leading Liner

With 20 mega ships on the way, HMM states ‘expect great things’

TLME News Service

South Korean liner HMM has outlined its maritime plan for the future to see it become one of the world’s top liners.

In September 2018, HMM ordered twenty eco-friendly mega containerships, including twelve 23,000 TEU and eight 15,000 TEU vessels.

HMM to Invest $2.8 Billion on 20 Mega Ships

With the vessel deployment in 2020, HMM expects that fixed costs will significantly decrease, fuel efficiency will largely improve, and that bunker costs will moderately decrease through installed scrubber systems.

The scrubber systems are in compliance with IMO 2020 environmental regulations.

HMM said in a statement: “The timely deployment with this combination of cost competitiveness is expected to attract customers, partners and investors.

“Cost competitiveness and the mega containerships is in line with ‘Capacity of 1 Million TEU’ strategy that will play an important role for HMM in obtaining economies of scale.

“This strategy will lead to additional cost reduction.”

The South Korean liner went on to say it was “surely confident” it can fill up the newly ordered mega containerships and told the industry to expect “great things”.

Read more: Wan Hai Confirms Order for 20 New Vessels

Transport and Logistics ME