According to reports, the South Korea-headquartered carrier has revealed a plan to increase its container fleet capacity from 920,000 TEU to 1.5M TEU
HMM also plans to boost its bulk carrier capacity to 12.3M deadweight tonnage, compared with 6.3M at the moment.
The company, majority owned by Korea Development Bank and Korea Ocean Business Corp, will reveal details of its midterm growth plan in the first half of this year.
The announcement came after an attempt to sell a majority stake in HMM to South Korea poultry processor Harim Co in a US$5Bn deal fell through in February.
In March, HMM signed a memorandum of understanding (MoU) with Shanghai International Port Group to co-operate on the supply of clean marine fuel. The MoU will focus on bunkering methanol and LNG at Shanghai Port. It also covers supporting carbon-reduction goals, promoting global shipping new energy co-operation, and helping the shipping energy transformation and sustainable development.
HMM has committed to achieving net-zero emissions target for the entire business by 2050. To accomplish this aim, it said it is critical to establish port bunkering infrastructure for clean marine fuel.
According to Alphaliner, it is number eight in the world’s largest container shipping lines, with a current fleet of 809,224 TEU and has 23 ships on its orderbook.
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