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15 August 2020 The on-line newspaper devoted to the world of transports 09:32 GMT+2

January 29, 2019

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Hyundai Merchant Marine buys back half of the capital of terminalista society HPNT of Busan

Christened before five new VLCC of the South Korean shipowning company

The South Korean shipowning group Hyundai Merchant Marine (HMM) has riacquisito 50% of the capital of terminalista society PSA Hyundai Pusan New Terminal (HPNT) of Busan, quota that had yielded in 2016 to the South Korean investment trust IMM Investment Corp. in order to increase the liquidity and to face the phase of crisis crossed from the containerized marine companies culminated to beginning 2017 with the failure of Hanjin Shipping. HMM had yielded also having remained 50% of the HPNT to terminalista group PSA of Singapore, than now she is therefore partner of the South Korean shipowning group in joint venture.

The ceremony of the subscription of the contract for the acquisition of the quota the HPNT will hold tomorrow in the South Korean port.

Today, while, in the ship yard of Geoje of Daewoo Shipbuilding & Marine Engineering (DSME) the ceremony of baptism of the Universal has been carried out Leader, a new Raw Very Large Carrier from 300.000 gross capacities in tons that are before five tidy ships of same type in September 2017 from the HMM, store clerk of the total value of about 420 million dollars. The other four VLCC will be taken in delivery within the next september.

In occasion of the today's event the managing director of the HMM, C.K. Yoo, has remembered that, besides the five VLCC, in the biennium the 2020-2021 company will take in delivery also 12 new portacontainer of the ability to 23.000 teu and eight new portacontainer from 15.000 teu.

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