News / HMM leads as South Korea embarks on state-backed box fleet expansion

HMM said today it would increase its box ship fleet to 130, with a combined capacity of 1.5m teu, by 2030, from today’s 84-ship fleet of 920,000 teu.

Part of its “mid- to-long-term strategy for 2030”, the boost aims to pre-empt the “rapidly changing environment”, particularly the container shipping alliance shake-up, because THE Alliance – of which HMM is part – will lose Hapag-Lloyd in February to the new Gemini Cooperation with Maersk.

HMM added that it planned to grow its market ...