South Korea’s HMM has secured financing worth $584m from Standard Chartered Bank for eight 16,000-teu boxships.
The credit facility will be guaranteed by the government-owned Korea Ocean Business Corp.
Liner operator and shipowner HMM will use the loans to acquire the post-panamax containerships that were delivered by Hyundai Heavy Industries this year.
HMM said the vessels have been fitted with the latest energy-efficient technologies and it expects the ships to provide the company with the capacity and flexibility to get its customers’ cargo to the right place at the right time.
