Monday, May 15, 2023

HMM Revenue Plunges, Prompting Measures to Counter Economic Downturn

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

May 15, 2023
Total Views: 1343

Thursday, April 20, 2023

HMM to Test Shipboard Carbon Capture on Containership

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

April 20, 2023
Total Views: 2199

Tuesday, February 14, 2023

HMM Orders Nine Methanol-Powered Containerships for $1.2 Billion

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

February 14, 2023
Total Views: 1783

Wednesday, September 7, 2022

Two-Tier Market Emerges as Container Spot and Contract Rates Diverge

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

September 7, 2022
Total Views: 4236

Wednesday, August 10, 2022

Ocean Carrier HMM Sees ‘Considerable Uncertainties’ Ahead for Container Shipping as Profits Roll In

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

August 10, 2022
Total Views: 2723

Thursday, July 14, 2022
HMM containership in port

South Korea’s HMM Reveals Plan to Leapfrog in Carrier Rankings with $11 Billion Growth Strategy

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,

July 14, 2022
Total Views: 1031

Wednesday, July 6, 2022

SM Line Increases Stake in HMM, Fueling Takeover Speculation

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

July 6, 2022
Total Views: 1265

Wednesday, June 22, 2022

Shipper Complaint Accuses Yang Ming and HMM of Collusion and Profiteering

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

June 22, 2022
Total Views: 1341

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: 3713

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: 2072

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: 953

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: 1422

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: 581

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: 2833

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: 8439

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: 793

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: 3878

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: 1655

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: 3825

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: 1747