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Ocean carrier has agreed to order 10 containerships with 2,800 TEUs of capacity, with more orders possibly on the way.
Korean company returned to profitability thanks to a boost from its ocean carrier division.
Industry analyst Hackett Associates expects volumes to increase in coming months, but freight rates to fall.
The first of seven groups will meet early next month to discuss issues surrounding the upcoming peak season.
French ocean carrier will commence transatlantic operations on a new joint pendulum service with Hamburg Sud and UASC this month.
Container volumes at the Port of Baltimore decreased 8.8 percent compared to April 2014, according to the latest figures from the Maryland Port Administration.