Thursday, August 26, 2021
hyundai containership
Shipping

Union: Over 300 HMM Seafarers Resign as Pay Negotiations Continue

By Martina Li in Taiwan (The Loadstar) – More than half HMM’s 600-strong seafarer workforce have quit following management refusal to meet pay demands. Some 453 staff voted in the seafarers’ union strike...

August 26, 2021
Total Views: 2784

Tuesday, August 24, 2021
hyundai containership
Shipping

HMM Seafarers Threaten Pay Strike, Mass Resignation

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 453 union members are threatening...

August 24, 2021
Total Views: 8387

Friday, August 13, 2021
Shipping

Derivatives Losses Punch Massive Hole in HMM Bottom Line

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 substantially better without a...

August 13, 2021
Total Views: 772

Friday, July 9, 2021
kmtc container ship Pusan Newport Terminal in Busan
Ports

South Korea’s Container Squeeze Throws Exporters Into Costly Gridlock

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 port of Busan...

July 9, 2021
Total Views: 3833

Tuesday, June 29, 2021
Shipping

HMM Orders 12 Containerships at DSME and Hyundai Heavy

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

June 29, 2021
Total Views: 1602

Tuesday, June 15, 2021
hyundai containership
Shipping

HMM Confirms Cyber Attack on Email System

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 confirmed a virus attack on its email...

June 15, 2021
Total Views: 3791

Tuesday, February 9, 2021
Shipping

HMM Returns to Black for First Time in Five Years

By Mike Wackett (The Loadstar) – South Korean ocean carrier HMM has posted its first annual profit for five years, despite a decrease in its liftings.  Revenue last year surged by 16.3%,...

February 9, 2021
Total Views: 1725

Wednesday, October 7, 2020
Maritime News

HMM’s New Megaships Sailed Fully-Loaded on Maiden Voyage

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 company said this week. According to...

October 7, 2020
Total Views: 167

Monday, May 11, 2020
Interesting

World’s Largest Containership Departs China with Record Load

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 Port of Yantian on May 8...

May 11, 2020
Total Views: 1232

Thursday, April 23, 2020
Interesting

HMM Launches World’s First 24,000 TEU Containership

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 private ceremony at the Daewoo Shipbuilding and...

April 23, 2020
Total Views: 1283

Monday, April 20, 2020
Interesting

Oil Prices Crash Below Zero for First Time in History Amid Pandemic

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 coronavirus-induced supply glut, ending the day...

April 20, 2020
Total Views: 53

Friday, March 29, 2019
hyundai merchant marine
Maritime News

World’s Biggest Boxships Will Be Fitted with Scrubbers

Hyundai Merchant Marine will fit its 23,000 TEU megaships with exhaust gas cleaning systems to meet the International Maritime Organization’s low sulphur fuel regulations. South Korea’s number one shipping line...

March 29, 2019
Total Views: 31

Tuesday, June 5, 2018
hyundai merchant marine
Maritime News

HMM to Spread 20-Vessel Megaship Order Among South Korea’s Top Shipbuilders

South Korea’s biggest shipping line Hyundai Merchant Marine has opted to split its twenty-vessel megaship order among South Korea’s top three shipbuilders as it seeks to accelerate its strategy of...

June 5, 2018
Total Views: 104

Tuesday, April 10, 2018
hyundai merchant marine
News

HMM Sets Course for 1 Million TEU Fleet with Megaship Order

By Mike Wackett (The Loadstar) – South Korea’s largest surviving ocean carrier, Hyundai Merchant Marine (HMM) has now officially confirmed its plans to order 350,000 teu of new capacity, including 12...

April 10, 2018
Total Views: 49

hyundai containership
Maritime News

Hyundai Merchant Marine Confirms Plan for 20 Mega-Containerships

South Korea’s flagship container shipping company Hyundai Merchant Marine has confirmed a long-rumored plan to order 20 eco-friendly mega containerships at South Korean shipyards.  The shipbuilding plan announced Tuesday calls...

April 10, 2018
Total Views: 78

Tuesday, February 27, 2018
hyundai containership
Maritime News

Loss-Making HMM Stays Bullish, But Its Goal of Becoming a Leading Carrier Seen as ‘Pipe Dream’

By Mike Wackett (The Loadstar) – Hyundai Merchant Marine’s long-term aspiration to become a “leading global carrier” with a market share of 5% is a pipe-dream, according to maritime consultant...

February 27, 2018
Total Views: 8

Tuesday, December 19, 2017
hyundai containership
News

Hyundai Merchant Marine Planning to Order 22,000 TEU ‘Megaships’ in 2018

South Korean shipping line Hyundai Merchant Marine has revealed plans to construct 22,000 TEU containerships in 2018 to boost its competitiveness within the global shipping sector. The revelation was made...

December 19, 2017
Total Views: 3

Tuesday, May 16, 2017
hmm containership
Maritime News

The Hanjin Effect: Improved First-Quarter May Be Turning Point for HMM

By Alexander Whiteman (The Loadstar) – Hyundai Merchant Marine (HMM) has calmed the waters that led it to the brink of bankruptcy with first-quarter results showing a reduction in operating...

May 16, 2017
Total Views: 54

Tuesday, January 3, 2017
hmm containership
News

Hyundai Merchant Marine Forms Intra-Asia Shipping Alliance

South Korean shipping company Hyundai Merchant Marine has signed an agreement with smaller Asia-only carriers Heung-A Shipping and Sinokor Merchant Marine to form a niche shipping alliance targeting intra-Asia trade....

January 3, 2017
Total Views: 7

Friday, November 25, 2016
Maritime News

Hyundai Merchant Marine Preferred Bidder for Hanjin Shipping’s Algeciras Terminal

SEOUL, Nov 25 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd (HMM) said on Friday it was chosen as preferred bidder to buy a port terminal in Algeciras, Spain,...

November 25, 2016
Total Views: 23