Cash-rich HMM outlines $11.45bn expansion plan

South Korean flagship carrier HMM has laid out a massive spending plan through to 2026 that will see its box fleet grow by nearly 50%, while its bulk fleet will just about double in size.

The KRW15trn ($11.45bn) outlay over the coming four years, detailed today, will grow HMM’s boxship fleet from today’s 820,000 slots to 1.2m, while its bulk fleet is set to grow from 29 vessels to 55. Other acquisitions will include terminals and logistics facilities.

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