HD Hyundai Secures HMM Boxship Orders, Hits 18-Year Peak

HD Hyundai, parent company for Hyundai shipbuilding yards, has confirmed securing substantial containership orders from HMM, propelling its total boxship contracts to an 18-year high. This achievement, driven by the recent HMM deal, mirrors a market peak last observed in 2007, solidifying HD Hyundai’s leadership in global shipbuilding.

HMM’s Strategic Fleet Expansion & Capacity Growth

HMM continues its ambitious modernization, recently surpassing the critical 1 million TEU capacity milestone. The shipping giant’s strategic investment includes an order valued at approximately $2.8 billion for large containerships and tankers, shrewdly split between HD Hyundai and Hanwha Ocean. This move underscores HMM’s commitment to enhancing operational efficiency and expanding its global maritime footprint.

Advanced Dual-Fuel LNG Vessels and Deliveries

The new boxship orders for HD Hyundai include eight state-of-the-art dual-fuel LNG vessels, each designed for maximum efficiency. These impressive ships measure 337 meters with a capacity of 13,400 TEU. Valued at $1.46 billion, six will be built at the Samho yard and two at HHI, with deliveries scheduled through the first half of 2029. Hanwha Ocean will construct four additional containerships of similar capacity.

HD Hyundai’s Technological Prowess in Shipbuilding

HD Hyundai credits its robust technological capabilities as key to winning this contract. With the HMM deal finalized, HD Hyundai reports booking a total of 69 container vessels, accumulating 720,000 TEU in current orders. This reflects a strong resurgence in the shipping industry and cements HD Hyundai’s dominant position in delivering advanced, eco-friendly maritime solutions globally.