HMM announced a major newbuilding order for LNG-powered boxships and very large crude carriers worth about $2.9 billion, officially confirming earlier reports of a multi-billion shipbuilding deal.
Announced on October 16, the order covers twelve 13,000 TEU LNG dual-fueled containerships and two VLCCs to be built in South Korea. Eight of the boxships will be constructed by HD Hyundai Heavy Industries, while Hanwha Ocean will build the remaining four.
Media reports indicate that the vessels are scheduled for delivery in 2027 and 2028.
HMM said the order aligns with its 2030 strategy to develop a flexible, low-carbon fleet. The company is investing heavily in green technology as the shipping industry faces stricter IMO and EU emission rules.
According to Clarksons Research, nearly half of all vessels ordered last year were alternative-fuel designs, with LNG accounting for more than 70%. HMM already operates methanol- and LNG-powered ships and plans to acquire 70 green vessels by 2030.
