HMM & AAL will start a joint service for 4 MPVs in HMM’s operation as well as newly added 2 AAL A-Class vessels. HMM will deploysix vessels in Asia, in Middle East region, instead of four that are currently deployed. One of the AAL’s vessels will be deployed in March, and the other during the second half of 2018.
South Korean Hyundai Merchant Marine plans to double its size fleet by 2022, as part of a long-term development plan, as announced by President & CEO C.K. Yoo in his New Year message. The plan is fully aligned with the company's recently announced ambition to create a 22,000 TEU shipbuilding plan.
HMM, Samsung SDS and other members of shipping and logistics blockchain consortium, have been conducting the blockchain technology integrated pilot voyage and internal assessment for past seven months.
On December 18 HMM held a “2018 Sales Strategy Meeting”. In the meeting HMM President & CEO C.K. Yoo, talked about the future plans for the company, as well as its ambition to create a 22,000 TEU shipbuilding plan.
Hyundai Merchant Marine announced that it has successfully completed its first blockchain technology adopted pilot voyage. The voyage was conducted by a blockchain consortium, from Korea to China, with reefer containers from August 24 to September 4.
Hyundai Merchant Marine, South Korea's largest shipbuilder, is in discussion with Daewoo Shipbuilding & Marine Engineering, over the construction of five very large crude carriers. Further, HMM revealed plans to spend USD 162 million to acquire two large container ships.
HMM announced that its cargo processing at Busan Port, the largest sea gateway in Korea, has hit a new record, as the company handled 167,018 TEUs of cargo through the port in July, increased by 93 percent year-over-year.
Hyundai Merchant Marine announced that its global on-time performance in June ranked 4th among the 18 largest container carriers, the company informed. HMM marked a score of 83.6 percent, a significant improvement of 8.6 percent points from last month with ranking of 12th.
Less than a year after Hanjin Shipping's bankruptcy, all the 14 remaining South Korean shippers are joining forces to form the first domestic alliance, aiming to restore the country’s shipping sector. Under the name "Korea Shipping Partnership", the new shipping consortium will be led by Hyundai Merchant Marine.
Hyundai Merchant Marine announced that it has signed a memorandum of understanding with Saigon Newport Corporation for joint cooperation on the development of port and container depot facilities in Vietnam. Under the agreement, the two parties expect to exchange various know-hows in port development and shipping.