The six-month old shipping line has added two more containerships to its still-growing fleet, with a goal to own 30 by the end of the year.
South Korean ocean carrier SM Line has added two more boxships to its still-growing fleet, according to a report from maritime news outlet Splash 24/7.
The two panamax container vessels, the SCT Oman and the SCT Qatar, can transport up to 4,860 TEUs and will cost the shipping line roughly $10 million apiece.
SM Line first launched in January in the wake of the collapse of South Korea’s Hanjin Shipping, and has since built up its fleet with a goal to own 30 container vessels by the end of 2017.
With its focus primarily on transpacific and intra-Asia routes, SM Lines currently operates five services and purchases slots on two other loops, according to ocean carrier schedule and capacity database BlueWater Reporting.
SM Line continues to grow fleet with two more boxships
