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Tag: HMM

HMM and Bolero join forces to accelerate eBL growth in Asia

South Korea's flagship carrier HMM and Bolero International, which provides cloud-based trade finance digitisation solutions, have decided to collaborate to improve the visibility, transparency,...

HMM officially appoints Kim, Kyung Bae as new president & CEO

According to a decision that was already known, the South Korean shipping company HMM has officially appointed Kim, Kyung Bae as its new president...

HMM dangles dividends for first time since 2011

After achieving a second consecutive record high profit in 2021, HMM is offering dividends for the first time in 11 years. The dividends, totalling US$240...

Appointment of Hyundai Glovis veteran fuels talk of HMM acquisition

The selection of a former CEO of Hyundai Glovis as HMM’s new CEO has sparked speculation in South Korean media that either Glovis or...

THE Alliance unveils updated service network for 2022

THE Alliance, comprising Hapag-Lloyd, Ocean Network Express (ONE), Yang Ming and HMM, has announced an updated service setup, which will be effective from spring...

HMM’s profits soar as revenue more than doubled

Following the "record profit trend" in the liner shipping industry, HMM is the latest global ocean carrier announcing historical revenues and profits for 2021. Particularly,...

HMM to shift out of Hyundai Group building, removes all Hyundai vestiges

HMM will cut off its last remaining link to the Hyundai chaebol as South Korea’s flagship liner operator will move out of the Hyundai...

SM Line refutes talk of HMM takeover

SM Merchant Marine, also known as SM Line, has told Container News that it does not harbour any ambitions of acquiring its fellow South...

SM Line takes minority stake in HMM; minister says still early to assert market recovery

South Korean liner operator SM Line Corporation has become a minority shareholder in its larger compatriot rival HMM, with a 0.49% stake. SM Line, which...

“Time for us to take our hands off HMM,” says KDB chairman

Korea Development Bank (KDB) chairman, Lee Dong-gull said on 1 December that the time has come for the South Korean state-backed policy lender to...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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