HMM will invest $17.5 billion to boost its market standing by 2030.
Nine billion dollars will be invested in expanding its boxship fleet to 130 vessels with a total cargo capacity of 1.55 million TEUs. The fleet currently consists of about 80 ships with a capacity of 870 thousand TEUs.
$ 1.2 billion is to be spent on purchasing new containers, while another $3 billion is to fund new terminals and facilities to support its expanding container services.
HMM plans to invest $4.1 billion in improving its bulk carrier fleet. On the zero-emission front, the company has announced that it intends to invest $670 million in upgrading its ships and setting up green fuel supply chains.
Translation by Giles Foster
