ONE returns to HD Hyundai for $1.2bn LNG-fuelled boxship deal

AI Summary

Ocean Network Express has contracted HD Hyundai Heavy Industries for a $1.2 billion deal to purchase LNG-capable containerships. This decision reflects the company's commitment to updating its fleet with alternative fuel options, even as expansion plans are tempered.

Ocean Network Express has returned to South Korea’s HD Hyundai Heavy Industries for another batch of LNG-capable containerships, pressing ahead with its long-term alternative-fuel fleet renewal strategy despite scaling back earlier expansion plans. Market sources identified the Singapore-headquartered liner operator as the buyer behind a $1.22bn newbuilding contract announced by HD Korea Shipbuilding & Offshore …