HMM Sets Sights on Arctic Shipping

South Korean container shipping company Hyundai Merchant Marine (HMM) is reviewing Arctic shipping opportunities as it eyes cost savings resulting from the shorter trip duration between Asia and Europe via the route.

According to the Pulsenews, a trial operation is being planned for 2020 with the deployment of 2,5000 to 3,500 TEU ships.

A HMM Spokesperson confirmed to World Maritime News that the Arctic voyage is being considered as a new idea.

However, the specific dates and reported vessel specifications could not be confirmed, as the company “has nothing definite yet”.

Should the plans move forward, HMM would become the first South Korean container carrier to transit the route.

The Arctic vessel traffic more than doubled as sea ice retreated over the past 40 years, with expectations that the traffic volume might triple by 2020.

Nevertheless, shipping in the region poses a number of risks such as lack of hydrographic study of specific areas of the Arctic Ocean, a year-round ice factor and the need for qualified personnel.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jul 2018 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

TRANSTEC 2018

TRANSTEC 2018 welcomes participants to explore Russian Ports and Shipping development opportunities…

read more >

Europort 2018

From 15-17 May 2018, the 12th edition of Europort Romania willl take place in the IDU Hall in Constanta…

read more >

SMM 2018

This is a must-attend event – a unique opportunity to meet key players, display business strengths, establish new contacts and exchange…

read more >

Defence Safety Conference Supported by The Defence Safety Authority, UK MoD

The Defence Safety Conference is the first of its kind exclusively dedicated to safety across the defence domain…

read more >