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April 13, 2018

HMM will get twenty new eco-friendly mega containerships

Ocean carrier Hyundai Merchant Marine (HMM) announced that it will soon be ordering new eco-friendly mega containerships.

HMM plans to order of total twenty mega-vessels; twelve above 20,000 TEU and eight 14,000 TEU vessels which are considered to deploy in the Asia-North Europe and US East coast trades respectively.

Considering the factors including the recent increase in new shipbuilding price and dock availability, HMM is starting the selection of shipyards by sending out its Request for Proposal (RFP) to shipbuilding companies.

As the International Maritime Organization (IMO) is moving forward with a marked reduction in the maximum sulfur content bunker fuel oil from 3.5% to 0.5% on January 1, 2020, HMM will opt for scrubber installation or LNG bunkering for all the newbuilding vessels after thorough discussions with the finally selected shipbuilder.

If the shipbuilding process proceeds smoothly all the new vessels will be sequentially delivered in the right time to prepare for the 2020 environmental regulations.

Source: HMM