Scheduled to join their owner in the second quarters of 2020 and 2021, respectively, the units are a part of the company’s ‘Capacity of 1 Million TEU’ strategy.
Since it sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, Hyundai Merchant Marine has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected the three shipbuilders to sign Letters of Intent (LOI) for 20 new vessels.
HMM formed a ‘newbuilding examination committee’ in order to thoroughly review all the conditions and selected shipbuilders followed by fair procedures.
After signing a Letter of Intent with shipbuilders, HMM said it would negotiate further details of new shipbuilding including prices and conclude the final agreement.
The Original Posted by World Maritime News