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
THE Alliance revises Transpacific – North West Coast network
SINGAPORE : THE Alliance, including Hapag-Lloyd, Yang Ming, ONE and HMM, will make changes to Asia to Transpacific-North West Coast network by temporarily suspending the PN3 Service and
HMM looking for reunion with Hyundai LNG Shipping
SEOUL : HMM is reportedly attempting to buy back the liquefied natural gas (LNG) shipping unit that South Korea’s flagship carrier divested back in 2014 when it began
HMM Q1 profits plunge 91%
SEOUL : HMM reported a first quarter profit for 2023 of KRW285bn ($212m) a drop of 91% compared to the same period in 2022. Revenues for Q1 2023 were KRW2.08trn