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HMM, LOTTE Fine Chemical sign agreement for ammonia fuel transportation

Ioanna Kontos - April 24, 2023 0

HMM and LOTTE Fine Chemical have signed a Memorandum of Understanding (MoU) for the marine transportation of ammonia. The agreement also includes the bunkering...

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HMM works with SHI and PANASIA to conduct field tests of onboard carbon capture system

Container News Team - April 19, 2023 0

HMM plans to conduct field tests of an onboard carbon capture system (OCCS) for container ships along with SHI (Samsung Heavy Industries) and PANASIA...

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HMM cuts carbon emissions by half in last decade

Container News Team - April 12, 2023 0

HMM reduced the CO2 emissions generated when transporting 1 TEU of container for 1km to 29.05g in 2021, from 68.7g in 2010, representing a...

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HMM shareholders discontent with dividends

Container News Team - April 11, 2023 0

HMM's shareholders have demanded higher dividends as South Korea's flagship container carrier has seen its stock price halve with the normalisation of freight markets. At...

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Game-changer for Indian box trade: HMM opens long-haul access for Kolkata shippers relying on transshipment

Container News Team - April 6, 2023 0

In a game-changing move for Indian containerised trade, South Korean carrier HMM has begun connecting freight out of India’s east coast Kolkata Port –...

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Advisors appointed for HMM sale

Container News Team - March 28, 2023 0

Samsung Securities has been appointed to manage the sale of the South Korean government’s shares in HMM, while Samil PricewaterhouseCoopers and law firm Lee...

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HMM receives EcoVadis gold rating for 2022

Ioanna Kontos - March 23, 2023 0

HMM, South Korea's flagship carrier headquartered in Seoul, had been given a gold rating by EcoVadis, a provider of business sustainability ratings. HMM achieved better...

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THE Alliance stops Cape of Good Hope diversions

Container News Team - March 16, 2023 0

THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were...

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HMM supports earthquake victims in Türkiye

Container News Team - March 6, 2023 0

HMM will transport relief goods and provide empty containers to support the earthquake victims in Türkiye. In particular, the company started to transport 50 TEUs...

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Korea Development Bank, Korea Ocean Business Corporation start HMM sale process

Container News Team - March 3, 2023 0

HMM's two largest stakeholders, Korea Development Bank (KDB), and Korea Ocean Business Corporation (KOBC), announced on 2 March that they will form an advisory...

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