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10 August 2022 The on-line newspaper devoted to the world of transports 18:50 GMT+2

July 14, 2022

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HMM Announces Five-Year Value Investment Plan of about $11.5 billion

The growth of fleets for the transport of containers and bulk and investments in terminals, logistics and in the environmental and technological sectors. Planned a diversification of activities

Shipping company HMM today announced a plan five-year investments worth a total of about 17,000 billion won ($11.5 billion) to boost considerably the size of its fleet of ships container carriers and containers of bulk vessels, and to proceed with a vertical integration with investments also in terminals and logistics facilities.

In particular, in the period 2022-2026 the company plans to include in your fleet of full container units a further 26 ships, raising their size from the current 29 container carrier to 55, correspondingly increasing the capacity of hold from 820 thousand teu to 1.2 million teu. As for the segment of bulk, HMM plans to increase its fleet to 55 ships, with a growth of +90% compared to the current 29 units Naval.

The plan also includes an environmental strategy, with the aim of reduce the impact of the fleet on the environment also through future orders for ships using fuels alternatives as well as investing in the research and development of zero-emission fuels in collaboration with partners industrial, and a digital strategy to exploit opportunities in the commercial and organizational field allowed by the new Technologies. In the latter sector, investments are also planned equal to 150 billion won to improve the electronic platform on-line of the company and to accelerate the updates of the management software.

One third of the value of the investments planned for the five-year period, in addition, they will be allocated to the implementation of strategic projects aimed at diversifying the activities of the South Korean company.

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