Hyundai Merchant Marine orders 20 vessels
Korean carrier Hyundai Merchant Marine (HMM) has ordered 20 new ships which will double its capacity to just under 700,000 teu.
The company has ordered 12 vessels capable of carrying more than 20,000 teu and eight with a capacity of 14,000 teu, which have a combined total of more than 350,000 teu.
According to Alphaliner, HMM has a current capacity of 343,000 teu, but the company said this order launched a new strategy to take that figure to 1m teu.
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