Loosely Appointed as the New CEO of BIMCO

BY Tiya Chatterji january 15, 2020

Korean shipping company Hyundai Merchant Marine (HMM) is set to join the elite club of megaship owners in a few months. It will introduce the largest container vessels of the world in April. These mega-ships will be deployed on the company’s Asia-Europe services.

The ships are undergoing final touches at the Korean shipyards Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering (DSME). The consecutive delivery of the new containerships coincides with the company’s entry into a new containership alliance – THE Alliance; comprising Hapag-Lloyd, Ocean Network Express, and Yang Ming.

The BusinessKorea reported, HMM will put into operation a total of 12 24,000-TEU super large vessels, one per week, staring this April, the Busan New Port Terminal said on Jan 12. The shipping company owns a 50-percent stake in the terminal. The rest of the alliance fleet handle containers at PNC Terminal (Wharf 2) of Busan New Port.