HMM orders $2.8 billion fleet of LNG-fueled containerships and VLCCs
SEOUL : South Korean Shipping Line HMM has placed a KRW 4 trillion (US $2.814 billion) newbuilding order for vessels that will significantly expand its fleet portfolio. The
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
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
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
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
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
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 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
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
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