Hyundai Samho Heavy Industries and HJ Shipbuilding & Construction will build what are said to be the world’s first methanol-fuelled neo-panamax container ships for HMM.

Hyundai Samho has won seven vessels while HJ Shipbuilding will build two.

HMM said the order is part of its carbon-neutral push. The total value of the order is KRW 1.41trn ($1.112bn) or about $123.5m per ship.

The South Korean liner giant is scheduled to take delivery from 2025 onwards.