Marine Link
Tuesday, December 18, 2018

Hyundai Merchant Marine Selects 3 Yards to Build Eco-Friendly Mega Containerships

Maritime Activity Reports, Inc.

June 4, 2018

Photo: HMM

Photo: HMM

 South Korea's Hyundai Merchant Marine (HMM) has selected the shipbuilders who will build the eco-friendly mega containerships it is to order under its "Capacity of 1 Million TEU Strategy."

 
Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for 20 new vessels.
 
First, HMM chose Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries (SHI) for seven and five 23,000 TEU containerships respectively which are expected to deliver in the second quarter of 2020. 
 
HMM also selected Hyundai Heavy Industries (HHI) for eight 14,000 TEU containerships to be delivered in the second quarter of 2021. 
  
HMM formed a ‘newbuilding examination committee’ in order to thoroughly review all the conditions and selected shipbuilders followed by fair procedures. 
 
After signing a Letter of Intent with shipbuilders, HMM will negotiate further details of new shipbuilding including prices and conclude the final agreement.
 
Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News