
HMM Approves $1.6 Billion Order for 12 Containerships in Fresh Fleet Expansion
South Korea’s HMM has approved a $1.62 billion investment in 12 containerships, combining eight new 13,000 TEU newbuildings with four resale feeder vessels.
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3 articles · Last updated 18 October 2026

South Korea’s HMM has approved a $1.62 billion investment in 12 containerships, combining eight new 13,000 TEU newbuildings with four resale feeder vessels.

South Korea’s PanStar Acro has returned to Busan after completing the country’s first container ship round trip to Europe via Russia’s Arctic Northern Sea Route.

COSCO Shipping Holdings has contracted 18 new containerships worth RMB20.27 billion ($2.99 billion), taking its 2026 newbuilding commitments in the segment to 48 vessels and roughly $8 billion.