Hyundai Merchant Marine picks three yards to build 20 mega ships

JUNE 4, 2018 — South Korea's Hyundai Merchant Marine (HMM) has selected the shipbuilders who will build the eco-friendly mega containerships it is to order under its "Capacity of 1 Million TEU Strategy."

HMM intends to order a total of twelve 23,000 TEU and eight 14,000 TEU mega containerships.

Seven of the 23,000 TEU ships will be built at Daewoo Shipbuilding and Marine Engineering (DSME) and five at Samsung Heavy Industries. All eight of the 14,000 TEU ships will be built at Hyundai Heavy Industries.

Since sending out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for 20 new vessels.

The 23,000 TEU containerships are expected to deliver from the shipyard in the second quarter of 2020. The 14,000 TEU containerships are expected to be delivered in the second quarter of 2021.

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