HMM Aims Of Building Up Its Capacity To 100 Million TEUs By 2022

On October 26, HMM HQ employees gathered in the Seoul office to hear CEO C.K. Yoo’s presentation on HMM’s blueprint for the year 2022. Mr. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting US$10 billion in annual revenue by 2022.

HMM plan 2022 — Image Credits: hmm21.com

HMM recently ordered twelve 23,000 TEU and eight 15,000 TEU eco-friendly mega vessels in preparation for the IMO’s sulfur regulations starting from 2022, and to secure competitiveness through economies of scale. The newly ordered mega vessels are expected to deliver from 2020 in sequential order.

In addition, HMM plans to finalize the acquisition of stakes in Hyundai Pusan New Port (HPNT) by the end of this year. Mr. Yoo stated that, “HMM will do its utmost to improve productivity by connecting Block Chain and IoT technology to our services in order to increase customer satisfaction. We need to transform HMM to an IT-friendly company to fulfil our vision of smart shipping.”

Reference: hmm21.com

Disclaimer :
The information contained in this website is for general information purposes only. While we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.