M/MARITIME is expanding into the feeder containership segment, a move beyond its traditional focus on bulk carriers. The John Mytilienos-backed has reached an agreement with HD Hyundai Heavy Industries (HHI) of South Korea for the construction of two 2,800 TEU containerships, marking its entry into the feeder vessel sector and a targeted broadening of its investment strategy.
The two feeder vessels will be built at HHI’s shipyards in South Korea, one of the world’s leading shipbuilding groups renowned for high-specification vessels. As the company noted, this choice reflects its consistent commitment to quality and technical excellence, ensuring ships with high efficiency, reliability and long-term operational value.
Advanced energy-efficiency systems
The vessels will be constructed in line with HHI’s eco-friendly, energy-efficient CON-GREEN design and will comply with IMO Tier III standards, incorporating advanced energy-efficiency systems and increased capacity for refrigerated cargo (reefers), thereby enhancing operational flexibility and commercial competitiveness. Deliveries are expected from early 2028.
At the same time, M/MARITIME continues to strengthen its traditional presence in the dry bulk segment through three long-term time charter agreements for newbuild vessels at leading Japanese shipyards, including Oshima Shipbuilding, Onomichi Dockyard and Imabari Shipbuilding, with which it has an established track record of cooperation. These agreements have durations ranging from five to ten years and include purchase options at the end of each period. Vessel deliveries are scheduled between 2029 and 2030.
In the bulk carrier segment, M/MARITIME works exclusively with Japanese shipyards. It currently manages a fleet of 18 vessels with capacities ranging from 30,000 to 82,000 dwt, all built at reputable Japanese yards. The fleet includes Handysize, Ultramax and Kamsarmax vessels constructed at shipyards such as Imabari, Mitsui, Oshima, Shin Kurushima, Onomichi, Hakodate and Japan Marine United.
“These moves highlight the company’s disciplined growth model: strengthening its established position in dry bulk while selectively expanding into adjacent markets. The company remains committed to high-quality investments, reliable partners and long-term value creation, through strategic partnerships with leading shipyards worldwide,” the company underlined.
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