Home / Shipping / HMM Signs Contracts for 20 Mega Containerships With Daewoo, Hyundai & Samsung

HMM Signs Contracts for 20 Mega Containerships With Daewoo, Hyundai & Samsung

Chennai:

Port Wings News Network:

With a view to enhance its service to shipping fraternity, Hyundai Merchant Marine (HMM) has signed a formal contracts for its 20 eco-friendly mega containerships with three shipyards – Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI), on 28 September 2018.

According to a media statement, DSME and SHI will build seven and five 23,000 TEU containerships, respectively, which are expected for delivery in the second quarter of 2020. HHI will construct eight 15,000 TEU containerships to be delivered in the second quarter of 2021.

The ceremonies were held with each shipbuilding companies and attended by CEO & President of DSME Mr. Sung Leep Jung, President & Inside Director of HHI Mr. Sam Hyun Ka and President & CEO of SHI Mr. Joon Ou Nam including President & CEO of HMM Mr. Chang Keun Yoo.

Cargo Processing at Busan Port Hits Another New Record

HMM announced that its cargo processing at Busan Port for January to July 2018, has hit a new record. Processed cargo during the first seven months of this year reached 1,157,980 TEU, an increase of 14.3 percent year-over-year.

For the volume of exports and imports, it has recorded 608,872 TEU, a soaring 14.1 percent year-over-year. Also, the transit cargo volume increased from 473,341 TEU to 541,926 TEU, up 14.5% year-over-year.

HMM attributed the performance to its service & volume reliability, and the launch of Asia Europe Express (AEX) service last April.

An HMM official said, “Since Hanjin shipping’s collapse, HMM cargo processing at Busan port has hit a new record, exceeding 170,000 TEU/month for May to July consecutive months this year attributed to

HMM’s service and volume reliability” And that “For this year, we expect to handle more volume than 2.0 million TEU at Busan port.”

Meanwhile, HMM’s total handling volume at Busan port in 2017 reached 1,774,508 TEU which was much higher than its original target, 1.5M TEU.

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