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
Leading container lines show improved schedule reliability
COPENHAGEN : Danish maritime data analysis company Sea-Intelligence showed schedule reliability data through March 2023 in its latest report. March 2023 saw a further month-to-month gain in global
HMM starts solo intra-Asia route after ending joint operation with KMTC Line
SEOUL : South Korea’s flagship carrier HMM has backed out of the Korea-Thailand Express (KTX) service which it was co sharing with its compatriot regional carrier Korea Marine
HMM to conduct field tests of onboard carbon capture system for containership
SEOUL : HMM announced that it plans to conduct field tests of an onboard carbon capture system(OCCS) for containerships along with SHI(Samsung Heavy Industries) and PANASIA in the
Sea-Intelligence reports US$15 billion drop in box lines 2022 last quarter earnings
COPENHAGEN : Even though the shipping lines recorded 2022-FY Earnings Before Interest and Taxes (EBIT) of US$138 billion, minus CMA CGM, PIL, and MSC, there were visible indications
HMM has got Gold rating by EcoVadis
SEOUL : South Korea’s flagship carrier HMM had been given a gold rating by EcoVadis, a provider of business sustainability ratings. HMM achieved better results in the environment
HMM announces best-performing carrier, achieving the lowest carbon emission
SEOUL : HMM announced it was selected as the best-performing carrier, achieving the lowest carbon emission between Far East Asia and the U.S. West Coast in Q4 2022,
Korea Development Bank, Korea Ocean Business Corporation start sale process HMM
SEOUL : HMM’s two largest stakeholders, Korea Development Bank (KDB), and Korea Ocean Business Corporation (KOBC), announced on 2nd March that they will form an advisory group to
HMM to jump on the methanol-fuelled containerships worth of $1.12bn
SEOUL : South Korea’s HMM is ordering nine 9,000 TEUs capacity boxships with methanol dual-fuelled engines from two South Korean yards. The orders worth a total of $1.12bn
HMM’s annual profits crosses US$7 billion
SEOUL : South Korean container shipping company HMM saw its revenue rose 34.7% to US$14.57 billion in 2022, while its operating profit increased by 34.8% to US$7.8 billion.