HMM signs Letter of Intent for its mega containership orders

On June 15th, HMM has signed its letter of intent for its mega containership orders with three

shipyards – Hyundai Heavy Industries, Daewoo Shipbuilding & Marine ngineering (DSME)

and Samsung Heavy Industries.

Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10,

HMM has considered all the conditions for newbuilding including delivery date and price of

new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of

Intent (LOI) for 20 new vessels.

DSME and Samsung Heavy Industries will build seven and five 23,000 TEU containerships

respectively which are expected to deliver in the second quarter of 2020, and Hyundai Heavy

Industries will construct eight 14,000 TEU containerships to be delivered in the second quarter

of 2021.

HMM will negotiate further details of new shipbuilding and sign the formal contract.

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