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
HMM remains in the black for Q4 2023
SEOUL : South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets. HMM reported a net profit of KRW1.01 trillion for 2023
Container shipping alliances – feel the quality not the breadth
SINGAPORE : With the formation of the Gemini Cooperation between Maersk and Hapag-Lloyd correspondent Nick Savvides examines how alliances may change their approach to customer service. Ocean Network
Harim takeover of debt-ridden HMM draws concerns
SEOUL : Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4
THE Alliance announces updated service network for 2024
SINGAPORE : THE Alliance, including Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has reconfigured its service network setup. The updated services will be effective from April
FMC dismisses MSRF’s complaint against HMM
PHILADELPHIA : The US Federal Maritime Commission (FMC) has thrown out US gourmet food producer MSRF’s complaint against South Korean liner operator HMM. In June 2022, MSRF complained against HMM
Israel-Hamas war: 10% of Ashdod Port staff recruited by Israeli army, first war-related surcharges a
JERUSALEM : Israel’s Ashdod Port, one of the largest ports of the country and a crucial asset for the national economy, is continuing to operate normally despite the
HMM upgrades ICN(Intra-Asia Cross Network) Service
SEOUL : Major South Korean shipping line HMM announced the expansion of ICN (Intra-Asia Cross Network) container service. Starting on 9 October, HMM’s renewed ICN service will provide