News / HMM should use surplus cash to double size of its box ship fleet

HMM should use the earnings from the Covid-19-powered shipping boom to double its box ship fleet, to 1.7m teu, according to Kim In-hyeon, a maritime law professor at Korea University and a new member of South Korea’s ruling People Power Party.

HMM, the eighth-largest liner operator, currently operates more than 784,000 teu, 565,000 teu of owned tonnage and the rest chartered, and it has 25 newbuildings, of around 251,000 teu, on order.

Prof Kim noted that only 20% of South Korea’s exports ...