February 12, 2026
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HMM remains in the black for Q4 2023

February 16, 2024 International Shipping, Shipping Line, Trending News
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 a 90% drop compared to KRW10.12

Container shipping alliances – feel the quality not the breadth

January 27, 2024 International Shipping, Shipping Line, Trending News
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 Express (ONE) has issued a statement reaffirming

Harim takeover of debt-ridden HMM draws concerns

December 20, 2023 International Shipping, Shipping, Trending News
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 trillion won ($4.9 billion), industry sources

THE Alliance announces updated service network for 2024

December 14, 2023 International Shipping, Associationn, Trending News
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 2024. “One of the key highlights

FMC dismisses MSRF’s complaint against HMM

December 12, 2023 International Shipping, Maritime, Trending News
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 and Taiwanese liner operator Yang Ming

Israel-Hamas war: 10% of Ashdod Port staff recruited by Israeli army, first war-related surcharges announced

October 23, 2023 International Shipping, Foreign Ports, Logistics, Maritime, Shipping Line, Trade, Trending News
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 ongoing conflict between Israel and Hamas,

HMM upgrades ICN(Intra-Asia Cross Network) Service

September 27, 2023 International Shipping, Shipping Line, Trending News
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 a convenient shortcut, seven-day route from

THE Alliance revises Transpacific – North West Coast network

September 21, 2023 International Shipping, Shipping Line, Trending News
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 enhancing the existing PN2 service as

HMM looking for reunion with Hyundai LNG Shipping

May 18, 2023 International Shipping, Company, Trending News
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 facing financial troubles. The LNG shipping

HMM Q1 profits plunge 91%

May 16, 2023 International Shipping, Shipping Line, Trade, Trending News
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 some 58% lower than the first
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