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By Mike Wackett (The Loadstar) – As container spot rates continue to wane and close in on contract rates two more ocean carriers have reported record

By Kyunghee Park (Bloomberg) — HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to

By Mike Wackett (The Loadstar) – South Korean flagship carrier HMM has reported a $4.4bn net profit for 2021, compared with just $100m the year before,

By Martina Li in Taiwan (The Loadstar) By the end of Q1 22, a roadmap to sell the South Korean government’s stake in flagship liner HMM will be unveiled,

By Mike Wackett (The Loadstar) – South Korean ocean carrier HMM has wiped out two-thirds of the losses it incurred in the past five years with a

By Martina Li in Taiwan (The Loadstar) – More than half HMM’s 600-strong seafarer workforce have quit following management refusal to meet

By Nick Savvides (The Loadstar) – More than 90% of HMM’s seafaring union members voted to strike on Sunday and, if a resolution is not reached, the

By Mike Wackett (The Loadstar) – HMM posted a net profit of $310m for the first six months of the year, but its bottom-line result would have been

By Cynthia Kim (Reuters) Unable to get a slot on a container vessel, Lee Sang-hoon is considering using fishing trawlers docked for repair in the South Korean

South Korean shipping company HMM has reached shipbuilding agreements for the construction of twelve 13,000 containerships valued at $1.57 billion. The order

By Mike Wackett (The Loadstar) – Yet another ocean carrier has fallen foul to a cyber-attack: this time it is South Korea’s HMM, which today

By Mike Wackett (The Loadstar) – South Korean ocean carrier HMM has posted its first annual profit for five years, despite a decrease in its

HMM’s twelve new 24,000 TEU megaships carried a full load of containers during their maiden voyages from China to Europe, the South Korean shipping

The world’s largest containership has departed China carrying a record 19,621 TEUs.  South Korean shipping line HMM said its new HMM Algeciras departed the

HMM has launched its first of twelve 24,000 TEU containerships HMM Algeciras, the world’s largest containership.  The ship was officially named during a

By Stephanie Kelly NEW YORK, April 20 (Reuters) – U.S. crude oil futures collapsed below $0 on Monday for the first time in history, amid a

Hyundai Merchant Marine will fit its 23,000 TEU megaships with exhaust gas cleaning systems to meet the International Maritime Organization’s low sulphur

South Korea’s biggest shipping line Hyundai Merchant Marine has opted to split its twenty-vessel megaship order among South Korea’s top three

By Mike Wackett (The Loadstar) – South Korea’s largest surviving ocean carrier, Hyundai Merchant Marine (HMM) has now officially confirmed its

South Korea’s flagship container shipping company Hyundai Merchant Marine has confirmed a long-rumored plan to order 20 eco-friendly mega containerships