Photo courtesy of HMM

HMM’s twelve new 24,000 TEU mega-ships carried a full load of containers on their maiden voyages from China to Europe, the South Korean shipping company said this week.

According to the carrier, the twelve ships left China with a full tank of around 19,500 TEUs, their maximum allowable capacity.

The 12-vessel series was launched in April with the delivery of the HMM Algeciras, which left China with 19,621 TEUs loaded. The last ship in the series, the HMM St. Petersburg, made its maiden voyage on September 30 with 19,529 TEUs, according to the HMM.

The 24,000 TEU class ships, the largest ever built in terms of container carrying capacity, were ordered in 2018 from Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries. Each of the twelve ships operates between Asia and Northern Europe on the Alliance’s East-West network.

The delivery of the ships came at a time of great uncertainty surrounding the COVID-19 crisis and its impact on global trade. Despite the initial uncertainty, however, the shipping industry has actually benefited from a combination of strong demand resulting from inventory replenishment, capacity shortages and repositioning of containers. HMM reported second quarter net profit of US $ 23 million on operating income of $ 115 million.

“HMM has led an effort to stabilize the logistics flow by deploying additional tonnage in the market where rapid delivery of goods is required and by fully exploiting its entire fleet without idle container ships in the face of the recent surge in demand. freight, “HMM said. in a report.

“This is an important step for us to expand our presence in the global market in close cooperation with THE Alliance,” said Jae-hoon Bae, President and CEO of HMM. “I am delighted that our efforts and dedication have paid off, which has given us a much needed boost. We will take a big step forward to prove what we are capable of in the years to come. “

HMM has ordered eight more 16,000 TEU vessels from Hyundai Heavy Industries with deliveries scheduled for next year.