Hyundai Merchant Marine Co. (HMM), South Korea’s largest shipper, said Sunday that it is aiming to post US$10 billion in sales by 2022.
The target announced at a gathering of employees on HMM’s corporate vision in Seoul last week calls for building up its cargo hauling capacity to 1 million twenty-foot equivalent units (TEUs) annually.
The company as part of its effort to become a global player has also placed orders for 12 23,000 TEU-class and eight 15,000 TEU container ships last month. It said...