South Korea’s largest surviving ocean carrier, Hyundai Merchant Marine (HMM) has now officially confirmed its plans to order 350,000 teu of new capacity, including 12 x 20,000 + teu ultra-large vessels.
In a bullish statement today HMM said that the order of the 12 ULCVs together with eight 14,000 teu ships was part of its strategy to build a fleet of 1m teu.
Currently HMM is the 12th largest container line with a …

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Source: The Loadstar