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HMM Reports Over Two Times Profits Compared To 2020 

marinesalvage by marinesalvage
September 19, 2022
in News
0
HMM's Twelve 24,000 TEU Ships Fully Laden With Containers
Hyundai Merchant Marine (HMM) observed document incomes in 2021. The numbers rose over twofold from what was videotaped in 2020, as international supply chain blockages and also raised products prices maintain improving sea lining earnings, the company pointed out February 14.

Profits and also income got to a document high in 2021, driven by high products prices and also improved fleet procedures, consisting of twelve 24,000 TEU container vessels, HMM pointed out in a declaration.
Further information have actually not been launched.

Several sea linings are mosting likely to report substantial enhancement in their monetary outcomes for 2021, as logistical restraints raised products prices to a document degree.

HMM's Twelve 24,000 TEU Ships Fully Laden With Containers                         Representation Image – Credits: hmm21.com

HMM’s highlights from 2021 consist of authorizing brand-new agreements with Hyundai Heavy Industries (HHI) and also Daewoo Shipbuilding and also Marine Engineering (DSME) for 12 13,000 TEU container vessels. This set you back an overall of $1.57 billion.

In a declaration, HMM proclaimed that per a contract with DSME, each company will certainly create 6 vessels that schedule for shipment by 2024’s initial fifty percent. All vessels will certainly flaunt hybrid scrubbers and also made to be LNG-ready.

In March, the delivery line proclaimed that its first-ever container vessel in the firm’s mega-ship fleet had actually left from the Port of Busan for its first trip.

The vessel had an ability of 16,010 TEU and also had actually been geared up with 1,200 plugs to handle reefer containers. The company presented its Far East-India-Latin America (FIL) solution.

The solution began with Busan on 7 December and also a complete blood circulation is anticipated to take 84 days. Ocean products prices are most likely to stay high also this year, the company pointed out in their record. The need for items, a significant consider United States supply chain problems, reveals absolutely no indicators of lowering.

HMM rates 8th in the listing of biggest container providers on the planet with a TEU of 817,300 and also a fleet extending 130 containerships per Alphaliner, a maritime information solutions firm.

Reference: spglobal.com

Source of This New.

Tags: HMM
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