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Alphaliner: HMM idea of holding 5pc of box market is 'far-fetched'

Time：2017-01-05 Browse：146 Author：RISINGSUN

ALPHALINER cast doubt on Hyundai Merchant Marine`s prediction it would more than double its global container market share to five per cent by 2021 as "unrealistic" and "far-fetched".

"In order to achieve its targeted market share, HMM would need to add over 650,000 TEU of additional capacity by 2021 ?a tall order, given that the carrier is currently not engaged in any newbuilding programme," said Alphaliner.

Moreover, HMM management has publicly stated the ocean liner will "be engaged in overly-active fleet expansion," which Alphaliner slammed as being even more "far-fetched," particularly, as the company has "failed to back up these growth plans with any coherent strategies," reported Singapore`s Splash 24/7.

To control five per cent of the market, HMM would need to expand vessel capacity from its current 455,000 TEU to 1.1 million TEU over the next four years.