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  3. Boxship fleet of Hyundai Merchant Marine completed
Boxship fleet of Hyundai Merchant Marine completed

Boxship fleet of Hyundai Merchant Marine completed

South Korean shipping company HMM took delivery of the final 24,000 TEU newbuild containership of a total of 12 ordered two years ago.


Based on their carrying capacity these are the largest container ships in the world.

Samsung Heavy Industries (SHI) built HMM St Petersburg and delivered on 11 September.

The colossal vessel joints its sister ships HMM Algeciras, HMM Copenhagen, HMM Dublin, HMM Oslo, HMM Gdansk, HMM Hamburg, HMM Helsinki, HMM Le Havre, HMM Rotterdam, HMM Southampton, and HMM Stockholm.

SHI constructed five vessels from the batch, while the remaining 7 from the series were designed by its compatriot Daewoo Shipbuilding & Marine Engineering (DSME).

Both twelve containerships were deployed along the route from Asia-Europe.

All 12 vessels were equipped with scrubbers and feature optimized hull design and engines that are energy efficient.

The 24K-class containerships play an significant role in the long-term aim of HMM to achieve by 2050 net zero emissions across its fleet of vessels.

In other words, HMM aims to reduce carbon emissions by 50 per cent relative to 2008 levels by 2030 and thereby achieve carbon neutrality by 2050.

Operating profit for both container and bulk industry turned to black, primarily driven by streamlining service lines, cost reduction, and higher freight charges.

This is attributed to the COVID-19 effect amid a 20.9 percent decrease in container handling volumes in H1 2020-469,000 (TEU) YoY to 1,779,000 TEUs.

South Korean shipping heavyweight plans to take delivery in the first half of 2021 of eight more 16,000 TEU containerships from Hyundai Heavy Industries. HMM 's fleet will crack the 850,000 TEU mark with the delivery of these ships as the business moves ahead towards achieving its 1 million TEU target by 2022.

For the upcoming winter season HMM expects the business outlook to remain unpredictable.

Maritime Business World 

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