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HMM to Take 50 Pct Stake in Busan Terminal

HMM containership

HMM to acquire 50 pct ownership in the Hyundai Pusan New-Port Terminal that was sold off in 2016.

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HMM: Nothing Has Been Decided Yet on 2M Alliance

HMM

HMM hasn't made a final decision on the potential departure from its alliance with 2M carriers.

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Competitive Landscape Could Change Completely in Liner World

Maersk Lamanai, Monte Azul container ships

Global carriers are starting to distinguish themselves with new corporate strategies.

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HMM Fully Confident That Its Mega Boxships Will Be Filled Up

Hyundai

HMM dismisses claims that it won't be able to fill up the mega containerships.

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Increased Bunker Cost Widens HMM's Loss

Hyundai Merchant Marine vessel

Hyundai Merchant Marine widened its loss in the third quarter of 2018 as bunker cost climbed up.

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Capital Product Partners to Fit 14 Ships with Scrubbers

Hyundai Merchant Marine containership

Capital Product Partners is planning to install scrubbers on up to 14 of its larger vessels.

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HMM Targets USD 10 Bn in Annual Revenue by 2022

Hyundai Merchant Marine

HMM targets building up its capacity to 1 million TEUs and posting USD 10 billion in annual revenue by 2022.

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HMM to Sell USD 883 Mn of Bonds to KDB

HMM vessel

Hyundai Merchant Marine to sell KRW 1 trillion of bonds to state-owned Korea Development Bank.

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HMM Introducing Fuel Surcharge as of January 2019

Hyundai Merchant Marine vessel

Hyundai Merchant Marine to add fuel adjustment surcharge ahead of the 2020 sulphur cap.

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South Korea Unveils Support for Struggling Shipping Firms

Money

Korea Ocean Business Corp to support financially troubled shipping firms and fund eco-friendly projects.

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HMM Inks Final Contracts for 20 Boxship Giants

HMM

HMM signed formal contracts for 20 eco-friendly mega containerships with three shipyards.

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Spotted: HMM's New Scrubber-Fitted Boxship Visits Santos

HMM Promise berthed at DP World Santos on August 17 on its maiden voyage to the Port of Santos in Brazil.

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HMM Widens Loss amid High Bunker Costs, Poor Freight Rates

HMM containership

Higher bunker costs and lower average freight rates pushed HMM further into loss during the second quarter.

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HMM Hires Diana Containerships' Panamax

Containership

Hyundai Merchant Marine has signed an agreement to hire a Panamax boxship from Diana Containerships.

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HMM Joins NYSHEX

Hyundai Drive

Hyundai Merchant Marine has become the newest carrier member of NYSHEX.

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Two 11,000 TEU Newbuildings Delivered to HMM

Hanjin Subic has delivered two mega containerships to Hyundai Merchant Marine.

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Three Carriers Launch China-Australia Express Service

Shipping companies HMM, Evergreen and APL have teamed up on launching a new China-Australia service.

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DSME, SHI and HHI to Build HMM's New Mammoths

HMM vessel

HMM has selected three compatriot shipbuilders to build its 20 new eco-friendly mega containerships.

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HMM Pulls Out from Transatlantic

HMM containership

Hyundai Merchant Marine is ending its two Transatlantic loops to concentrate on its core trades.

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HMM and PSA Increase Stake in Busan Terminal

Contract signing ceremony

Hyundai Merchant Marine and PSA International have agreed to increase their stake in a Busan terminal.

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HMM Launches Mega-Ship Ordering Spree

Hyundai Merchant Marine

HMM's long-awaited mega-boxship order initiated.

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