SHIPPING: Most carriers will not add surcharges or service fees to offset USTR port charges
NEW YORK: New port charges from the US Trade Representative (USTR) for Chinese-built and China-based operators are set to take effect on 14 October, and several carriers have announced that they will not implement
POSCO eyes KDB’s $5 bn stake in HMM to enter shipping industry
SEOUL : POSCO Group, South Korea’s largest steel and energy raw materials trader, has embarked on the process to acquire a controlling stake, worth around 7 trillion won ($5 billion), in HMM Co., the
HMM earns EcoVadis Platinum rating for second year
SEOUL : HMM announced that it has been awarded a Platinum rating by EcoVadis for the second consecutive year, placing the company among the top 1% of all evaluated companies worldwide for its sustainability
HMM ranked No.1 among global carriers in ESG by Sustainalytics – Two years in a row
SEOUL : HMM has once again been ranked No.1 among global shipping carriers in the ESG Risk Ratings by Sustainalytics, a leading ESG research and rating firm under Morningstar. This marks the second consecutive
HMM plans to order more container ships
SEOUL : South Korea‘s flagship liner company, HMM, after increasing its fleet size by approximately 50% through another South Korean Shipping giant, SK Shipping, is currently planning to order more container ships. In fact,
HMM signs MOU for Vadhvan Port development cooperation in India
MUMBAI : HMM has signed a Memorandum of Understanding (MOU) with the Jawaharlal Nehru Port Authority (JNPA) to collaborate on developing Vadhvan Port in India. Under the MOU, HMM will support the development and
HMM launches new India-North Europe service
MUMBAI : HMM announced the launch of a new INX (India North Europe Express) service at a trade get-together in Mumbai on January 17, 2025. The new service will offer a direct connection from
HMM Re-enters Atlantic Route after 7 Years, Launches New India-Europe Route
SEOUL : HMM has announced its return to the Atlantic route and the launch of new container services on the India-Europe and Atlantic routes starting from February next year. This marks a significant development