HMM
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Asia
HMM offloads Busan terminal stake to PSA
Hyundai Merchant Marine has completed its much telegraphed sale of its stake in a local terminal to Singapore’s PSA International.…
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Asia
HMM told to cut charter costs or go bankrupt
Shipowners who have ships on charter to under pressure Hyundai Merchant Marine (HMM) look like they will decide the fate…
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Asia
HMM shareholders agree to 7-to-1 capital reduction
Shareholders of Hyundai Merchant Marine (HMM) today approved a capital reduction in order to keep the line listed in Seoul.…
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Asia
Hyundai Group chair quits HMM role as shares take another massive hit
Shares in beleaguered Hyundai Merchant Marine (HMM) plunged 21% in Seoul today on news that the line will push for…
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Asia
Desperate HMM looks at selling tankers
Business Korea, a Seoul-based portal, is reporting struggling Hyundai Merchant Marine (HMM) is looking to sell off its tanker division…
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Asia
HMM restructuring continues at pace
Under fire officials from South Korea’s Hyundai Merchant Marine communication department have been in touch with Splash to stress that…
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Asia
‘Half-baked rumour’: HMM/Hanjin merger dismissed
Hyundai Merchant Marine (HMM) might be struggling to stay solvent amid mounting debts and urgent due repayments, but it is…
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Asia
HMM merger talk with Hanjin reignites
The pressure on South Korea’s Hyundai Merchant Marine continues to mount with shipping consultant Drewry downgrading the line this week…
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Asia
HMM sets mid-March deadline for charter renegotiations
Hyundai Merchant Marine (HMM) has set a date of mid-March to renegotiate rates for its chartered-in fleet. A team is…
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Asia
Hyundai Group chair spending $24m to prop up HMM
Hyundai Group chairwoman Hyun Jeong-eun will cough up around KRW30bn ($24.4m) of her own money in a bid to save…
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Asia
HMM’s shares plunge 20% on North Korean links
Adding further woe to its prospects of survival, the share price in South Korea’s Hyundai Merchant Marine plunged a record…
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Asia
HMM disposes of dry bulk fleet in desperate bid to stay afloat
Hyundai Merchant Marine (HMM) has seen its credit ratings take more of a hammering despite the sell-off on Friday of…
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Asia
HMM chair will use her own cash to save line
The chairman of Hyundai Group, which controls struggling Hyundai Merchant Marine (HMM), is willing to inject her own capital to…
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Asia
HMM readies fire sale to stave off bankruptcy
Investors in South Korea reacted positively today to Hyundai Merchant Marine’s (HMM) decision to offload stakes in a number of…
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Asia
As Seoul cuts financial lifeline, merger talk reemerges between HMM and Hanjin
The debt situation at South Korea’s two largest shipping lines is causing serious concern in local circles with authorities stating…
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Asia
HMM’s dry bulk fleet in the shop window again
The on/off sale by Hyundai Merchant Marine (HMM) of its dry bulk division has resurfaced again. The Korea Economic Daily…
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Asia
Seoul denies it its trying to force Hanjin and HMM to merge
Following a local media report this morning that the government is set to discuss the merger of the nation’s top…
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Asia
Merger rumours send HMM and Hanjin share prices into a tailspin
Rumours on plans to merge South Korea’s top two shipping lines simply refuse to die down, the uncertainty plaguing the…
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Asia
What a merger between Hanjin and HMM would look like
With details of the mega merger between Cosco and China Shipping expected to be revealed within days, it is across…
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Asia
HMM denies Hanjin merger talk
Hyundai Merchant Marine yesterday issued a statement to the Korea Exchange dismissing reports that it would merge with fellow Korean…
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