April 10th, 20180In one of container shipping’s longer telegraphed orders, South Korea’s Hyundai Merchant Marine (HMM) has finally officially announced it is proceeding with an order for twelve 20,000+ teu ships and eight 14,000 teu ships, which will more than double its fleet size when they all deliver in 2020. The larger ships will be deployed on...
March 5th, 20180Neil Dekker, container consultant at ClipperMaritime, assesses the big picture on the Korean carrier’s decision to reenter the Asia to North Europe trades next month.
Much has been said about Hyundai Merchant Marine’s (HMM) decision to reenter the Asia to North Europe trade in April 2018 with a small loop of sub-5,000 teu vessels....
February 28th, 20180Hyundai Merchant Marine (HMM) today confirmed its intention to reenter the Asia-Europe box tradelane on its own with its boss saying incoming environmental legislation will reshape the liner trades and give the Korean carrier a chance to compete.
HMM’s new standalone Asia-North Europe Express (AEX) service will launch on April 8 using...
February 21st, 201812With an eye on 2020 when its agreement with Maersk and MSC comes up for renewal, Hyundai Merchant Marine (HMM) from South Korea is launching its own standalone Asia-North Europe service this April.
The Asia-Europe Express (AEX) will have a 10-week rotation and feature ten 4,700 teu ships with a first sailing departing Busan on April...
February 13th, 20183South Korea’s leading line Hyundai Merchant Marine (HMM) issued its unaudited results for 2017 today with the red ink flowing in dramatic fashion. HMM, which came through a fierce restructuring in 2016, saw its annual net loss more than double to KRW1.208trn ($1.1bn).
Revenues grew 10% to KRW5.03trn, while it managed to put a cap on...
February 12th, 20180Multiple sources in South Korea are now reporting that Hyundai Merchant Marine (HMM) will very shortly put pen to paper for a string of giant boxships. Sources within the government have let it been known funds are being made available to let HMM order twelve 22,000 teu ships and eight 13,000 teu ones on home soil. The orders are...
February 9th, 20180Post-restructuring Hyundai Merchant Marine (HMM) has been keen to develop business lines in partnerships wherever possible. Its latest breakthrough was announced yesterday; a liner consortium with MSC, Hapag-Lloyd and ONE, the new Japanese mega line, which will focus on services from Asia to the west coast of South America.
The new...
February 1st, 20180South Korea’s Hyundai Merchant Marine (HMM) has inked a long-term crude oil shipping contract worth KRW190bn ($176.7m) with compatriot GS Caltex.
HMM will transport a total of 19m tons of crude oil from the Middle East to South Korea over a period of five years from July 1, 2019 to August 31, 2024.
HMM will deploy two 300,000 dwt...
January 17th, 20181Hyundai Merchant Marine’s (HMM) deal to work with the two liner giants of the 2M vessel sharing agreement (VSA) has come at a high price as evidenced from data carried in the latest weekly report from analysts at Alphaliner.
Having been barred from entering THE Alliance, HMM top management flew from Seoul to Europe in the first half...
January 3rd, 20180In a new year’s address to employees Yoo Chang-Keun has laid down plans to double the size of Hyundai Merchant Marine’s (HMM) fleet by 2022.
Detailing how HMM had come through restructuring and saw growth in 2017, Yoo stated: “I am convinced that these achievements have laid a solid foundation for our long-term plan where we...
