Friday, September 28, 2018
hyundai merchant marine
Maritime News

Hyundai Merchant Marine Pulls Trigger on 20 Large Containerships for $2.8 Billion

South Korea’s biggest shipping line Hyundai Merchant Marine (HMM) said Friday it has placed orders for the construction of 20 large containerships worth $2.84 billion. The orders are spread out...

September 28, 2018
Total Views: 17

Monday, March 26, 2018
hyundai containership
News

Bargain Charter Rates Give HMM’s New Asia-N.Europe Panamax Service a Competitive Edge

By Mike Wackett (The Loadstar) – With Hyundai Merchant Marine (HMM) about to launch an Asia-North Europe service deploying panamax-size vessels, maritime consultant Drewry has debunked the theory that unit...

March 26, 2018
Total Views: 0

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: 4

Tuesday, February 13, 2018
hyundai containership
News

HMM Losses Exceed $1 Billion, But Carrier Still Plans to Order More Megaships

By Mike Wackett (The Loadstar) – Hyundai Merchant Marine (HMM) slumped to a KRW1.2trn ($1.1bn) net loss in 2017. And this follows a KRW484bn loss the year before, bucking the...

February 13, 2018
Total Views: 4

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: 1

Tuesday, September 5, 2017
hyundai containership
News

HMM Confirms Order for Five VLCCs

South Korean shipping company Hyundai Merchant Marine has confirmed that it has signed a contract for the construction of at least five VLCCs at Daewoo Shipbuilding & Marine Engineering (DSME)....

September 5, 2017
Total Views: 0

Monday, August 21, 2017
hyundai containership
News

Hyundai Merchant Marine Says in Talks with BlackRock About Potential Investment

By Joyce Lee  SEOUL, Aug 21 (Reuters) – South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) is in talks with BlackRock Inc about a potential investment but details have...

August 21, 2017
Total Views: 5

Wednesday, August 9, 2017
Hyundai merchant marine ship
News

South Korean Shipping Lines Form Alliance

South Korea’s 14 domestic shipping lines launched a shipping alliance as predicted on Tuesday. The Korean Shipping Partnership (KSP) was announced by the Korea Shipowners’ Association (KSA) with support from...

August 9, 2017
Total Views: 28

Monday, April 10, 2017
News

Hyundai Merchant Marine to Order Up to Ten VLCCs at DSME

South Korea’s Hyundai Merchant Marine (HMM) has singed a letter of intent (LOI) with Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000 dwt very large crude...

April 10, 2017
Total Views: 1

Tuesday, February 7, 2017
hyundai merchant marine ship
Maritime News

Hyundai Merchant Sees More Losses on Shipping Industry Glut

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s biggest sea carrier, said it will post losses through the first half of 2018 as the container-shipping industry attempts to...

February 7, 2017
Total Views: 3

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: 4

Thursday, December 15, 2016
Maritime News

Shippers Kick Back at 2M Alliance Plans to Put Cargo on HMM Ships

By Mike Wackett (The Loadstar) – News that their cargo may be loaded onto Hyundai Merchant Marine (HMM) vessels has angered customers of the 2M Alliance. Shippers expressed concern after...

December 15, 2016
Total Views: 3

Monday, December 12, 2016
hmm containership
News

HMM, Maersk Line Statements on 2M ‘Strategic Cooperation’

South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance (Maersk Line and Mediterranean Shipping Company) to form a cooperative...

December 12, 2016
Total Views: 5

Sunday, December 11, 2016
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News

Hyundai Merchant Marine Secures 2M Deal

SEOUL, Dec 11 (Reuters) – Heavily indebted South Korean shipper Hyundai Merchant Marine Co Ltd (HMM) said on Sunday it has agreed with the 2M shipping alliance to form a...

December 11, 2016
Total Views: 2

Friday, December 9, 2016
hyundai merchant marine
Maritime News

Hyundai Merchant Marine’s 2M Alliance Membership in Doubt

By Jacob Gronholt-Pedersen and Joyce Lee COPENHAGEN/SEOUL, Dec 9 (Reuters) – Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark’s Maersk Line said the...

December 9, 2016
Total Views: 1

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: 6

Wednesday, November 23, 2016
hmm containership
Maritime News

HMM Must Settle for Slot Exchanges Over Full Membership in 2M Alliance

By Mike Wackett  (The Loadstar) – Hyundai Merchant Marine (HMM) may have to settle for a slot exchange agreement with 2M partners Maersk Line and MSC, rather than full membership...

November 23, 2016
Total Views: 2

Monday, November 14, 2016
Maritime News

Korea Line Picked as Preferred Bidder in Hanjin Fire Sale

Note: The headline of this article previously incorrectly stated Hyundai Merchant Marine as being selected as the preferred bidder for some of Hanjin’s assets. The headline has been updated.  By...

November 14, 2016
Total Views: 0

Tuesday, October 18, 2016
hmm containership
News

Hyundai Merchant Marine May Bid for Hanjin’s Asia-U.S. Business

By Joyce Lee and Keith Wallis SEOUL/SINGAPORE, Oct 18 (Reuters) – South Korea’s Hyundai Merchant Marine Co Ltd said on Tuesday it may submit a preliminary bid for Hanjin Shipping...

October 18, 2016
Total Views: 0

Monday, September 26, 2016
hyundai merchant marine
Maritime News

Hyundai Merchant Marine Says It’s Assessing Hanjin Assets

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-largest container line, surged in Seoul trading after the company was said to be looking at some assets of...

September 26, 2016
Total Views: 0