HMM(011200) said on the 8th that it signed a long-term transport contract worth 4.7 trillion won with Brazil mining company Vale.
This contract is the third large-scale order following May and September last year, with a contract period of 25 years per vessel starting in 2030.
HMM disclosed that to carry out this contract, it will place a new order for eight Newcastlemax bulk carriers in June.
They are scheduled for delivery in stages starting in 2030 and will be equipped with triple-fuel propulsion engines that can use methanol, ethanol, and heavy fuel oil.
They will be built in an "LNG/ammonia ready" configuration so they can be converted into liquefied natural gas (LNG) or ammonia-fueled vessels in the future.
They will also be fitted with eco-friendly equipment such as "rotor sail," a wind-assisted propulsion device that uses wind power to drive the ship, to help reduce carbon emissions.
An HMM official said, "This contract once again proves a solid partnership with a global major shipper," adding, "We plan to strengthen a stable revenue base by expanding the share of long-term contracts and reshaping our business portfolio, and to expand our business with a focus on high-profit, future growth."