HMM strengthens existence in dry bulk sector

HMM strengthens existence in dry bulk sector

1 minute, 3 seconds Read

November 3, 2023, by Jasmina Ovcina Mandra

South Korean shipping line HMM has concluded time charter agreements for 4 bulk provider newbuildings.

HMM Nuri; Image credit HMM

The charter offer is worth around $954.2 million with an concealed business and is set to start from 2026 to 2042.

The agreement marks a considerable relocation in the business’s growth method into the bulker sector which hasactually been explained as more steady than the more unpredictable container shipping sector.

HMM desires to grow its dry bulk fleet from 29, as tape-recorded at the end of 2022, to a overall of 55 by2026 To accomplish this, the business has currently integrated 6 brand-new bulk providers into its fleet in the existing year. The strategy is to continue this development trajectory by presenting an extra 11 bulk providers in the upcoming year.

In August, HMM positioned an order for 4 multi-purpose vessels as part of its method to boost its maritime abilities and fulfill progressing market needs.

  • Posted: 2 months ago

HMM is goingthrough a privatization procedure with 3 finalists in the bidding procedure. These are Harim, the momsanddad business of Pan Ocean, Korea’s biggest dry bulk shipping business, LX Holdings, and Dongwon Group, which are mostlikely lookingfor combination of maritime logistics with their existing land logistics and storagefacility operations.

  • Posted: about 1 month ago

Read More.

Similar Posts