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South Korean government’s HMM stake sale to be outlined in 2022 first quarter

The South Korean government is discussing the offloading of the state's shares in HMM with the Financial Supervisory Service, Korea Development Bank (KDB) and...

HMM hits US$1.95 billion record Q3 profit

The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared...

THE Alliance to drop Savannah port calls

The Alliance, which comprises Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced it will temporarily remove calls at the Port of...

HMM pilots IoT technology in reefer containers

HMM will try out Internet of Things (IoT) technology on the shipping of refrigerated and frozen containers. IoT enables ship operators to determine the location...

KDB holding on to more than half of HMM’s reserves

It turns out that 67% of HMM's surplus US$4 billion funds have been deposited in low-interest funds managed by its largest shareholder Korea Development...

HMM launches new Far East Asia – Latin America service

The South Korean carrier HMM has announced the launch of a new service between Far East Asia and Latin America, connecting three continents. The new...

THE Alliance announces changes in its Transatlantic services

THE Alliance, comprising Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced several changes in its Atlantic Loop (AL) services. The alliance partners...

SM Line shoots down rumours of acquiring HMM

South Korean liner operator SM Line has refuted market talk that it could try to acquire the Korea Development Bank's stake in its larger...

HMM must improve salary system and bank will eventually release control, said KDB chairman

Korea Development Bank chairman, Lee Dong-gull has called on HMM to improve its salary system and disclosed that the state policy lender will inevitably...

K-Alliance starts operations 

Five South Korean liner operators began their code-sharing arrangement on intra-Asia routes on 1 September. HMM, SM Line Corporation, Pan Ocean, Sinokor Merchant Marine and...
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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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