Thursday, September 8, 2016
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Maritime News

Hyundai Merchant Marine to Offer Some Relief to Shippers in Wake of Hanjin Debacle

By Kyunghee Park and Sohee Kim (Bloomberg) — More than a week after South Korea’s biggest container line filed for bankruptcy protection and disrupted cargo movements worldwide, exporters such as Samsung...

September 8, 2016
Total Views: 2

Thursday, July 14, 2016
hyundai merchant marine
News

Hyundai Merchant Marine to Join Maersk, MSC in 2M Alliance

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co. will join the world’s biggest shipping alliance, meeting all conditions imposed by creditors as the company seeks to reduce debt after...

July 14, 2016
Total Views: 26

Thursday, June 23, 2016
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Maritime News

Hyundai Merchant Marine Surges On Talks to Join 2M Alliance

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co. gained the most in more than two decades in Seoul trading on optimism a restructuring plan for South Korea’s second-biggest container...

June 23, 2016
Total Views: 4

Tuesday, June 14, 2016
hanjin shipping boston containership
Maritime News

Hanjin Shipping Rises Amid Merger Talks

By Kyunghee Park (Bloomberg) — Hanjin Shipping Co. gained the most in a week in Seoul trading as concerns that the unprofitable shipping line wouldn’t be able to survive eased...

June 14, 2016
Total Views: 2

Wednesday, June 8, 2016
hyundai merchant marine
Maritime News

Hyundai Merchant Marine Falls on Concern Over Debt Plan

By Nikita Mathur and Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, fell the most in three months in Seoul trading as investors worried that...

June 8, 2016
Total Views: 5

Wednesday, June 1, 2016
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Maritime News

Hyundai Merchant Marine Bondholders Approve Debt Plan

SEOUL, June 1 (Reuters) – A majority of Hyundai Merchant Marine Co Ltd (HMM) bondholders have approved a debt-for-equity swap plan, South Korea’s second-largest shipper said on Wednesday, paving the...

June 1, 2016
Total Views: 0

Tuesday, May 10, 2016
hyundai merchant marine
Maritime News

Hyundai Merchant Shares Decline Amid Charter Rate Talks

By Kyunghee Park and Heejin Kim (Bloomberg) — Hyundai Merchant Marine Co. fell the most in three weeks in Seoul trading on uncertainty over whether South Korea’s second-biggest container carrier...

May 10, 2016
Total Views: 0

Tuesday, April 26, 2016
DSME Shipyard South Korea
Maritime News

South Korea Vows More Steps in Revamp of Ailing Shipbuilders

By Heejin Kim and Kyunghee Park (Bloomberg) — South Korea said it will take more active steps to help the nation’s shipping and shipbuilding industries reduce debt and weather a...

April 26, 2016
Total Views: 2

Tuesday, April 19, 2016
hyundai merchant marine
Maritime News

Grim Outlook for Liner Shipping as Continued Weak Market Pushes Carriers to the Brink

By Mike Wackett, (The Loadstar) – The shock waves from the collapse of a top-20 container line such as Hyundai Merchant Marine (HMM) could be the catalyst for a change...

April 19, 2016
Total Views: 4

Friday, March 18, 2016
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Maritime News

Hyundai Merchant Marine on Verge of Bankruptcy as Creditors Reject Debt Rescheduling

By Mike Wackett, (The Loadstar) – Creditors of Hyundai Merchant Marine (HMM) today rejected a rescheduling of the troubled shipping company’s debt, pushing it to the verge of bankruptcy. A...

March 18, 2016
Total Views: 40

Thursday, March 3, 2016
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Maritime News

Hyundai Merchant Marine Plans Write Down as Shipping Losses Mount

By Kyunghee Park (Bloomberg) — Hyundai Merchant Marine Co., South Korea’s second-biggest shipping company, plans to write down its capital by 86 percent after losses mounted from excess capacity, and...

March 3, 2016
Total Views: 8

Thursday, February 4, 2016
Maritime News

South Korea’s Hyundai Merchant Faces ‘Brutal’ Year

By Kyunghee Park and Kyungji Cho (Bloomberg) — More than two years after announcing a 3.3 trillion won ($2.7 billion) bailout of the Hyundai Group, chairwoman Hyun Jeong Eun is...

February 4, 2016
Total Views: 25

Monday, June 9, 2014
Hyundai Merchant Marine masan
Maritime News

Hyundai Group in Talks to Sell Stake in Logistics Unit to Orix

By Kyunghee Park and Chris Cooper June 9 (Bloomberg) — Hyundai Group, the South Korean conglomerate planning to raise 3.3 trillion won ($3.2 billion) from asset sales to ease a...

June 9, 2014
Total Views: 5

Friday, May 2, 2014
hanjin shipping boston containership
Maritime News

Hanjin and Hyundai Must Sell Assets and Cut More Costs to Survive

By Mike Wackett, Against the continued toxic mix of oversupply and weak demand, cash-strapped ocean carriers are being forced to consider every creative financial angle to boost balance sheets and...

May 2, 2014
Total Views: 2

Wednesday, February 12, 2014
hyundai merchant marine lng carrier
Maritime News

Hyundai Merchant Marine to Sell Off Fleet of LNG Carriers

Hyundai Merchant Marine plans to sell its liquefied natural gas (LNG) transport business to a local investment firm for 1.1 trillion won ($1.03 billion) as the South Korean shipper continues its search for funds to pay off debt.

February 12, 2014
Total Views: 8

Monday, October 21, 2013
hyundai merchant marine
News

Hyundai Merchant Marine to Build Pair of Bulk Carriers

In a stock exchange filing today, Hyundai Merchant Marine announced they have exercised an option to build a pair of 82,000 dwt bulk carriers for a total consideration of approximately...

October 21, 2013
Total Views: 0