Friday, May 13, 2022

Horizon Murky for Container Shipping as Carriers Report Big Returns 

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

May 13, 2022
Total Views: 3484

Wednesday, May 11, 2022
HMM containership in port

HMM to Deploy More Vessels as Port Congestion Persists

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

May 11, 2022
Total Views: 1990

Tuesday, February 15, 2022
hmm alge

Container Bull Market Helps HMM Wipe Out Years of Losses

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,

February 15, 2022
Total Views: 917

Friday, November 26, 2021
HMM containership in port

South Korean Government to Launch Search for HMM Buyer Next Year

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,

November 26, 2021
Total Views: 1391

Wednesday, November 10, 2021
HMM containership in port

HMM Posts Record Quarterly Profit

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

November 10, 2021
Total Views: 562

Thursday, August 26, 2021
hyundai containership

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

August 26, 2021
Total Views: 2816

Tuesday, August 24, 2021
hyundai containership

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

August 24, 2021
Total Views: 8420

Friday, August 13, 2021
HMM containership in port

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

August 13, 2021
Total Views: 788

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

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

July 9, 2021
Total Views: 3858

Tuesday, June 29, 2021
HMM containership in port

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

June 29, 2021
Total Views: 1629

Tuesday, June 15, 2021
hyundai containership

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

June 15, 2021
Total Views: 3804

Tuesday, February 9, 2021
HMM containership in port

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

February 9, 2021
Total Views: 1740

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

October 7, 2020
Total Views: 183

Monday, May 11, 2020
HMM containership in port

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

May 11, 2020
Total Views: 1281

Thursday, April 23, 2020

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

April 23, 2020
Total Views: 1358

Monday, April 20, 2020

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

April 20, 2020
Total Views: 62

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

March 29, 2019
Total Views: 35

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

June 5, 2018
Total Views: 113

Tuesday, April 10, 2018
hyundai merchant marine

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

April 10, 2018
Total Views: 63

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

April 10, 2018
Total Views: 91