{"id":18642,"date":"2025-10-16T19:02:16","date_gmt":"2025-10-16T19:02:16","guid":{"rendered":"https:\/\/krogragg.com\/?p=18642"},"modified":"2025-10-16T19:02:16","modified_gmt":"2025-10-16T19:02:16","slug":"south-koreas-hmm-orders-12-eco-friendly-container-ships-in-2-3-billion-deal","status":"publish","type":"post","link":"https:\/\/krogragg.com\/?p=18642","title":{"rendered":"South Korea\u2019s HMM Orders 12 Eco-Friendly Container Ships In $2.3 Billion Deal"},"content":{"rendered":"

South Korea\u2019s HMM Orders 12 Eco-Friendly Container Ships In $2.3 Billion Deal
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Image Credits: HMM\/Facebook<\/figcaption><\/figure>\n

HMM, South Korea\u2019s largest shipping company, has placed an order for twelve eco-friendly container ships with domestic shipbuilders in a deal worth 3.05 trillion won ($2.3 billion).<\/p>\n

The 13,000 TEU (twenty-foot equivalent unit) vessels will be constructed by HD Hyundai Heavy Industries and Hanwha Ocean, and all will be powered by liquefied natural gas (LNG).<\/p>\n

The order marks HMM\u2019s first major domestic shipbuilding investment in seven years and forms part of the company\u2019s mid-to-long-term growth strategy, announced last year, which focuses on fleet expansion and meeting stricter carbon emission regulations.<\/p>\n

According to classification society DNV, LNG fuel can reduce greenhouse gas emissions by more than 23%, nitrogen oxides by over 80%, and sulfur oxides by more than 99% compared with conventional fuels.<\/p>\n

The new vessels will supplement HMM\u2019s existing fleet, which includes nine methanol-fuelled and two LNG-fuelled container ships. The company aims to strengthen its environmental credentials while increasing shipping capacity.<\/p>\n

HMM has a history of large-scale domestic orders. In 2018, it commissioned twenty ships, twelve 24,000-TEU vessels and eight 16,000-TEU vessels, for around 3.1532 trillion won.<\/p>\n

Further orders followed, including twelve 13,000-TEU ships in 2021 at 1.7776 trillion won, and nine 9,000-TEU methanol-fuelled ships in 2023 for 1.4128 trillion won.<\/p>\n

Company sources said the new investment will help HMM expand its fleet and strengthen its eco-friendly operations. They added that HMM will keep investing in fleet growth and alternative fuels under its 2030 mid-term plan.<\/p>\n

Analysts noted that the order will benefit South Korea\u2019s shipbuilding sector, which has been recovering after several years of cyclical downturns, driven by rising global demand for low-emission vessels.<\/p>\n

Clarkson Research data shows that about half of all vessels ordered last year were powered by alternative fuels, with LNG accounting for 70% of those orders.<\/p>\n

References: The Chosun, asiae<\/em><\/p>\n<\/div>\n

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South Korea\u2019s HMM Orders 12 Eco-Friendly Container Ships In $2.3 Billion Deal Image Credits: HMM\/Facebook HMM, South Korea\u2019s largest shipping company, has placed an order for twelve eco-friendly container ships with domestic shipbuilders in a deal worth 3.05 trillion won ($2.3 billion). The 13,000 TEU (twenty-foot equivalent unit) vessels will be constructed by HD Hyundai […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194,196],"tags":[197],"class_list":["post-18642","post","type-post","status-publish","format-standard","hentry","category-marine-insight","category-shipping-news","tag-marine-insight"],"_links":{"self":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/18642"}],"collection":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=18642"}],"version-history":[{"count":0,"href":"https:\/\/krogragg.com\/index.php?rest_route=\/wp\/v2\/posts\/18642\/revisions"}],"wp:attachment":[{"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=18642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=18642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/krogragg.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=18642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}