HMM upsizes plan to boost box shipping fleet with extra orders

HMM has decided it needs more ships to support its hub-and-spoke model for liner shipping. On Friday, the South Korean flagship carrier’s directors approved a $19.7bn budget to take its fleet to 166 containerships, or 1.55m teu,  and the expansion of its bulk carrier fleet to 110, or 13.52m dwt, by 2030. This means HMM’s mid-term plan from 2024 for its container shipping fleet to reach 130 vessels Read full article →