New alliance formation intensifies battle between major lines
SINGAPORE : With the container shipping alliance landscape expected to change in less than five months, it is worth examining the current dynamics of the alliances and how
HMM unveils its new investment strategy
SEOUL : HMM maps out a mid-to-long-term strategy to expand its business portfolio for future growth and proceed with global green initiatives. Under the sustainable growth plan, the
ONE, HMM and Yang Ming confirm the Alliance Partnership
SINGAPORE : Ocean Network Express (“ONE”), HMM (“HMM”) and Yang Ming Marine Transportation (“Yang Ming”) are pleased to announce that the three companies will continue to cooperate closely
HMM achieves growth in first-half revenue and profits
SEOUL : HMM, South Korea’s major container line has posted significant gains in first-half revenue and profits. In particular, HMM reported a year-on-year 18.6% growth in its H1
Tussle between HMM and Samsung escalates
SEOUL : The legal wrangling between South Korea’s flagship carrier HMM and its compatriot conglomerate Samsung Electronics is deepening. After Samsung Electronics’ US branch filed a complaint with
HMM introduces new rate increase from India to Mediterranean
SEOUL : HMM India has announced a new General Rate Increase for shipments from India to North Continental Port and Mediterranean ports. The Indian branch of the South
HMM’s methanol-powered ships to ply world’s first green shipping route
SEOUL : South Korea is pursuing an ambitious project to launch the world’s first green shipping route. And 9,000 TEU methanol-fueled container ships being built by the country’s
HMM reports strong first quarter financial results
SEOUL : South Korea’s major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion in
HMM to double fleet by 2030 in major expansion plans
SEOUL : HMM will double its fleet to 240 vessels by the end of the decade, it has revealed in its mid-to-long-term strategy published shortly after a sale of
HMM sale not likely to happen soon
SEOUL : South Korea’s Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang was