HMM lays out plans to double fleet size by 2030

April 16, 2024 Stu Turley Press
HMM

HMM, South Korea’s flagship carrier, laid out mid-term expansion plans yesterday which will see its container fleet nearly double in size to 1.5m teu by 2030, while also looking to double the size of its bulk fleet by the start of the next decade.

In recent months, plans to privatise HMM have fallen through and the company remains majority owned by Korea Development Bank (KDB) and Korea Ocean Business Corp. (KOBC), both state-backed entities.

HMM said yesterday it aims to acquire more terminals, and is looking at bringing forward its decarbonisation targets from 2050 to 2045.

Last year, HMM branched out, ordering four multipurpose vessels, as well as reentering the car carrier trades with a triple order in China.

Source: Splash247.com

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About Stu Turley 4164 Articles
Stuart Turley is President and CEO of Sandstone Group, a top energy data, and finance consultancy working with companies all throughout the energy value chain. Sandstone helps both small and large-cap energy companies to develop customized applications and manage data workflows/integration throughout the entire business. With experience implementing enterprise networks, supercomputers, and cellular tower solutions, Sandstone has become a trusted source and advisor.   He is also the Executive Publisher of www.energynewsbeat.com, the best source for 24/7 energy news coverage, and is the Co-Host of the energy news video and Podcast Energy News Beat. Energy should be used to elevate humanity out of poverty. Let's use all forms of energy with the least impact on the environment while being sustainable without printing money. Stu is also a co-host on the 3 Podcasters Walk into A Bar podcast with David Blackmon, and Rey Trevino. Stuart is guided by over 30 years of business management experience, having successfully built and help sell multiple small and medium businesses while consulting for numerous Fortune 500 companies. He holds a B.A in Business Administration from Oklahoma State and an MBA from Oklahoma City University.

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