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
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