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HMM commits $1.6bn to 12 more containerships
South Korea's HMM won board approval for KRW2.168trn ($1.617bn) of spending on 12 containerships, comprising eight 13,000 teu newbuildings and four smaller vessels.
HMM's board approved spending KRW2.168trn ($1.617bn) on 12 containerships, according to a stock exchange filing by the Seoul-listed carrier.
The investment covers fresh orders for eight 13,000 teu newbuildings along with four smaller vessels, and forms part of the South Korean line's ongoing fleet expansion programme.
The source material did not specify delivery dates, shipyards, or how the four smaller ships split between new orders and acquisitions.
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