South Korean shipping company HMM has ordered a fleet of containerships and very large crude carriers (VLCCs) worth KRW 4 trillion (about $2.9 billion).
Courtesy of HMM
As informed, the order includes a dozen 13,000 TEU sister ships and two VLCCs.
The 13,000 TEU container vessels, all liquefied natural gas (LNG) dual-fueled, will be built by HD Hyundai Heavy and Hanhwa Ocean.
As decarbonization regulations from the IMO and EU continue to strengthen, LNG is viewed as one of the most readily deployable lower-emission fuels. According to Clarksons Research, alternative fuel vessels made up nearly 50% of all newbuildings ordered last year, with over 70% powered by LNG.
By adding these new LNG dual-fueled vessels to its existing portfolio, which already includes methanol-powered containerships and LNG-powered vessels, HMM aims to strengthen its position in sustainable shipping.
