HYUNDAI Merchant Marine (HMM) recently converted its 8,600TEU container vessel, Hyundai Brave, into an eco-friendly vessel. This ‘green renovation’ is a first in Korea and only the second occurrence of such a transformation in the world. One feature of the conversion related to what is known as the bulbous bow: this protrudes at the front [...]
Hyundai Merchant Marine closed on a $500 million debt facility on Tuesday from a syndicate of financial institutions led by DNB Bank. In order to fund the construction of five ultra-large container vessels being built at Daewoo Shipbuilding & Marine Engineering and planned to be delivered throughout 2014, HMM will utilize the loan from the [...]
Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ( approx USD… By Ju-min Park (reuters) Source: reuters, August 10, 2011;