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HMM diverts MPV for ad hoc USEC container service

HMM has diverted a multi-purpose vessel (MPV), from its breakbulk service, to fulfill an extra loader service between Busan and the US East Coast...

Korean feeders in profit frenzy

All 12 privately owned South Korean feeder operators had a profitable 2020 as the year saw a remarkable recovery in demand for intra-Asia shipping. Korea...

Korean partners to build end-to-end green ammonia supply chain

South Korean flagship carrier HMM signed a Memorandum of Understanding (MoU) with five compatriot companies to develop a green ammonia supply line from manufacturing...

HMM switches MPV to extra loader service

HMM has diverted a chartered multi-purpose vessel, from its breakbulk service, to fulfill an extra loader service between Busan and the US East Coast. The...

Korean banks finance HMM’s latest container order

The Export-Import Bank of Korea (Korea EXIM Bank KEB) and Multi-Asset Global Investments, an offshoot of South Korean financial services group Mirae Asset, will...

HMM sets US$1 per box charge for Indian medical supplies

In an effort to support India to overcome the extreme Covid-19 situation, HMM has imposed a charge of US$1 for ocean freight rates on...

Free for all sees rates blow indexes out of the water

Freight indexes have become divorced from the reality of the market according to consultant Jon Monroe, who says that no index accurately represents the...

HMM achieves record Q1 earnings

HMM has announced the highest operating profits in its history of US$900 million with a margin of 42%, while the South Korean container carrier...

HMM launches extra loader to ease Suez blockage

HMM has announced the launch of an Asia-Europe extra loader service to alleviate the bottleneck created by the grounding of the Ever Given in...

HMM to commission a dozen 13,000TEU vessels by June

HMM will order a dozen 13,000TEU ships within H1 2021, at the direction of South Korea's Ministry of Oceans and Fisheries (MOF). The newbuilding plan...
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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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