Tag: HMM

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.

On March 15, an agreement was signed which officially launched the strategic cooperation between Maersk Line, MSC and HMM on East-West trades. This strategic cooperation between 2M and HMM will include a series of slot exchanges and slot purchases on East-West routes.

Hyundai Merchant Marine announced that it has entered into a contract with Hanjin Shipping and Marine Terminals Investment Limited to acquire Hanjin Pacific Corporation’s 100% stake in terminals in Tokyo and Kaohsiung.

Hyundai Merchant Marine has announced that its board of directors decided to buy a 20-percent stake in Total Terminals International LLC and equipment-leasing firm HTEC for a combined US$15.6 million.

Hyundai Merchant Marine announced that it determined to initially employ 131 of Hanjin’s workforce including onshore, offshore, overseas staffs and ship managers.

On January 3, 2017, Hyundai Merchant Marine announced that HMM signed MOU with intra-Asia trade carriers, Heung-A Shipping and Sinokor Merchant Marine to form a ‘HMM + K2 consortium’.