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South Korean shipping line Hyundai Merchant Marine (HMM) has announced plans to reign in costs as it reports a significant decline in its financial performance

South Korean shipping company HMM has announced plans to conduct field tests of a shipboard carbon capture system on board one of its containerships. The tests

South Korean shipping line HMM has placed a $1.2 billion order for nine 9,000 TEU capacity dual-fuel containerships powered by methanol. The shipbuilding

By Nick Savvides (The Loadstar) – A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse. Carriers

By Mike Wackett (The Loadstar) – South Korea’s national flagship carrier, HMM, reported a net profit of $2.24bn in the second quarter, for a

South Korea’s flagship shipping line HMM will invest approximately $11 billion in the coming years to expand its fleet of container and bulk ships,

By Martina Li in Taiwan (The Loadstar) – SM Line has expanded its hold on HMM after buying more shares, leaving the market to wonder if the rival South

By Nick Savvides (The Loadstar) – An Illinois shipper is suing Taiwanese operator Yang Ming and South Korean carrier HMM, claiming they benefited

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