HMM Set for Major Container Ship Deliveries Over Three Years Starting Next Year

[Financial News] NH Investment & Securities said on the 13th that HMM is scheduled to receive large-scale container ship deliveries over the three years starting next year. Under its mid- to long-term strategy, HMM plans to invest a total of 29 trillion won, including expanding its fleet by 2030 to 166 container ships (1.47 million TEU of capacity) and 110 bulk carriers (13.52 million DWT).
Jeong Yeon-seung, an analyst at NH Investment & Securities, said, “With the resumption of transit through the Red Sea and the Suez Canal shortening shipping distances and congestion at Chinese ports easing, effective vessel capacity supply is expected to increase rapidly. The biggest concern is the unfavorable medium- to long-term supply-demand outlook, as container shipping companies, backed by ample liquidity, continue to order newbuilds to maintain market share in 2026 as well (with orders totaling 4.98 million TEU through the end of October). To address this, HMM plans to expand its bulk carrier fleet based on long-term contracts to respond to fluctuations in the container market.”
Analyst Jeong said, “Fourth-quarter container freight rates remain high, but we expect them to gradually decline from their October peak. Tanker rates have also fallen by at least 30% recently as the risk premium has narrowed amid expectations that the war will end.”

[email protected] Kang Gu-gwi Reporter