HMM has approved a “new facility investment” worth KRW 4,027,398,930,000 (approximately USD 2.82 billion) to order 12 container ships of 13,000 TEU each and two VLCCs, the company said in a statement.
The company’s board approved the decision on 16 October 2025. According to the disclosure, the investment period runs from 16 October 2025 to 30 April 2029, which is also cited as the expected final delivery date, though HMM noted it could change depending on shipyard schedules.
The filing states that the objective of the investment is “to strengthen fleet competitiveness.”
The investment equals 14.08% of the company’s equity. The company confirmed that it has an audit committee composed entirely of outside directors, and the disclosure lists no withheld items.
The 12 container ships will be LNG dual-fuel and built at South Korean yards HD Hyundai Heavy Industries and Hanwha Ocean. Yard details for the two VLCCs were not disclosed.
HMM Co., Ltd. is a publicly listed South Korean shipping company headquartered in Seoul and one of the world’s largest container carriers. It operates global liner and bulk services and prepares consolidated financial statements under K-IFRS.
HD Hyundai Heavy Industries Co., Ltd. is a South Korean shipbuilding and marine engineering company, part of HD Hyundai Group, and among the world’s largest shipbuilders by orderbook and capacity.
Hanwha Ocean Co., Ltd. is a South Korean shipbuilder specializing in commercial and naval vessels, LNG carriers, and offshore structures. It operates major shipyards on Geoje Island and belongs to Hanwha Group.
