HMM’s Asia-US Volumes Surge by 67%

South Korean shipping company Hyundai Merchant Marine (HMM) has seen a 67% year-on-year rise in its Asia-US volume in April 2017.

The company’s volumes jumped from 10,733 TEU/WK to 17,932 TEU/WK in April after HMM formed a strategic cooperation with 2M.

HMM’s Asia-US west coast (USWC) volumes were up by 73% in April 2017, rising from 7,604 TEU/WK to 13,186 TEU/WK at the end of the month, the company said citing PIERS Data.

Additionally, the carrier’s USWC-Asia volume also increased to 7,336 TEU/WK.

“HMM has raised its market share along with its ranking, as its volume has shown dramatic increase compared to last year,” HMM official said.

“We expect gradual improvements in profitability, since we’re heading into the peak season with higher volumes,” the official added.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2019 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Singapore Maritime Week (SMW) 2019

very year, SMW gathers the international maritime community for a week of flagship conferences…

read more >

Maritime Reconnaissance & Surveillance Technology

Now in its 4th successful year, Maritime Reconnaissance & Surveillance Technology is the only event that specifically.

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year…

read more >

GREENTECH IN SHIPPING GLOBAL FORUM

The mindset of sustainability and efficiency is the key to unlocking successful business…

read more >