HMM poised to pull the trigger on $1.4bn order for 12 neo-panamaxes

HMM is closing in on an order for a series of neo-panamax containership newbuildings worth more than $1.44bn.

Several shipping sources told TradeWinds that the South Korean liner company plans to order 12 vessels of 13,000 teu.

It has contacted the three major domestic shipbuilders for quotes: Samsung Heavy Industries; Daewoo Shipbuilding & Marine Engineering; and Korea Shipbuilding & Offshore Engineering, which controls Hyundai Heavy Industries, Hyundai Samho Heavy Industries and Hyundai Mipo Dockyard.