In line with Korean government’s ‘5 Year Plan for Rebuilding Korean Shipping’ initiative, Korea’s national flagship carrier Hyundai Merchant Marine announced plans to order twenty eco-friendly and highly efficient mega container ships, which are considered to deploy in the Asia-North Europe and US East coast trades.
South Korean Hyundai Merchant Marine announced that it will launches a new Asia-North Europe Express service in April. HMM will use ten Panamax vessels in AEX service and its first sailing begins on April 8th. HMM has in its plans to order eco-friendly mega containerships in the 1st half of 2018.
German Hapag-Lloyd has reached an agreement with Geneva-based Mediterranean Shipping Company, the Japanese joint venture Ocean Network Express and South Korean Hyundai Merchant Marine, to restructure its Asia to West Coast of South America services, starting from 1 April 2018.
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.