Seoul - South Korea’s HMM has gone local for its latest newbuilds, contracting HD Hyundai for eight 13,400 TEU LNG dual-fuel containerships, in a deal worth $1.46bn. Two vessels will be built by HD Hyundai Heavy Industries (HHI) and six by HD Hyundai Samho, with deliveries scheduled consecutively through the first half of 2029.

HMM became the eighth member of the exclusive teu millionaires club last month. HMM’s fleet now stands at 1,016,180 TEU, according to analysis by Alphaliner, which noted that the Korean carrier’s operated capacity has doubled over . . .