Yoo given another three years at the helm of HMM

Yoo given another three years at the helm of HMM

At a shareholders’ meeting in Seoul, C K Yoo, the CEO of Hyundai Merchant Marine (HMM) has been granted another three years at the helm of South Korea’s largest shipping line, extending his tenure in charge through to 2021.

Yoo, who was appointed for his second stint as HMM boss in 2016, commented: “All employees of HMM – with a sense of great duty and mission as the only national ocean carrier – will give our all to leap forward as one of the top global shipping carriers.”

During Yoo’s second stint in charge he has had to handle HMM’s restructuring, the fallout from the demise of compatriot Hanjin Shipping, the strike up of a business relationship with the members of 2M and the kick start of a significant fleet development programme, which could see the HMM fleet double in size by 2022.

“We believe that HMM will gain great cost-competitiveness and strengthen its sales power,” Yoo said today.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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