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Tag: HMM

Saudi port welcomes maiden call from THE Alliance’s AG3

Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has received the Hyundai Tacoma container vessel from the recently updated AG3...

Busan Port considers volume-linked terminal rentals

Busan Port Authority (BPA), aware of the challenges facing liner operators, could offer volume-linked rental rates to terminal operators from 2022, ahead of the...

Seoul sets aside US$382m emergency fund for HMM

The South Korean government has set aside KRW470 billion (US$382 million) in emergency funding for mainline operator HMM as the maritime industry faces another...

HMM launches US$592m bond issue for new containers, working capital

South Korean mainline operator HMM is issuing KRW720 billion (US$592.3 million) in convertible bonds, raising funds for capital investments in new containers as well...

Covid-19 crisis forces THE Alliance to blank more sailings

Due to the unprecedented nature of the Covid-19 pandemic and the forecast sharp downturn in demand, members of THE Alliance, Hapag-Lloyd, HMM, Ocean Network...

HMM axes South Korea-Japan service

Hyundai Merchant Marine (HMM) will cease its South Korea-Japan service ahead of the South Korean liner operator’s entry into THE Alliance on 1 April. HMM's...

Hyundai Merchant Marine to rebrand as HMM Co., Ltd

South Korean flagship mainline operator Hyundai Merchant Marine (HMM) will be renamed HMM Co., Ltd. Container News understands that the move had been planned for...

South Korean operators and ports execute COVID-19 contingency plans

South Korea has suddenly become the world’s second largest COVID-19 cluster, its liner operators and container port authorities have implemented contingency plans similar to...

Minister tells HMM it must improve returns in 2020

Hyundai Merchant Marine must make an all-out effort to return to the black with the help of mega-container ships. This was the message that South...
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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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