In a busy week for HMM’s expansion plans, South Korea’s flagship line has tapped Hanwha Ocean to build four 13,000 teu ships in a deal worth $730m. The ships will deliver in 2029.

On Monday, Splash reported HMM had contracted HD Hyundai for eight 13,400 teu LNG dual-fuel containerships, in a deal worth $1.46bn. 

HMM became the eighth member of the exclusive teu millionaires club last month. HMM’s fleet now stands at 1,016,180 teu, according to analysis by Alphaliner, which noted that the Korean carrier’s operated capacity has doubled over the past five years.

In September last year, HMM unveiled expansion plans through to the end of the decade, setting aside a massive KRW23.5trn ($17.48bn) that will see its container fleet nearly double while its tanker and dry bulk fleets will triple in size come 2030.