News / HMM unveils ambitious plan to double box ship capacity with new ULCVs

© Sheila Fitzgerald

South Korean ocean carrier Hyundai Merchant Marine (HMM) has prepared an ambitious blueprint for expansion, aiming to double its current capacity over the next four years.

The bullish message to staff from HMM’s chief executive, CK Yoo, last week reinforced the South Korean government’s determination to do “whatever it takes” to support its flag-carrier after the national disgrace of Hanjin Shipping’s demise in 2016.

Speaking to employees at its Seoul HQ last week, Mr Yoo said HMM’s target was to achieve a fleet capacity ...