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Seoul earmarks US$2.5 billion to boost vessel capacity of smaller box lines

Container News Team - April 19, 2024 0

As part of plans to grow the locally owned container shipping fleet, the South Korean government will set aside around US$2.5 billion to increase...

News

HMM and Shanghai International Port Group sign clean marine fuel agreement

Antonis Karamalegkos - April 3, 2024 0

South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine...

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Major lines’ margins in negative territory for first time after five years

Container News Team - March 20, 2024 0

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s...

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Course reversal: HMM sale not on the cards

Container News Team - March 8, 2024 0

South Korea's Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang...

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HMM and Hellmann cooperate to reduce Scope 3 emissions

Ioanna Kontos - March 4, 2024 0

HMM has collaborated with Hellmann Worldwide Logistics to manage Scope 3 emissions by implementing the Green Sailing Service, a low-carbon transportation solution aimed at...

News

HMM earns ‘A-‘ environmental rating from CDP

Ioanna Kontos - February 21, 2024 0

HMM has been honoured for its commitment to sustainability and transparency in addressing climate change by the global environmental organization CDP, achieving an ‘A-’...

News

HMM reports financial declines, but remains profitable

Antonis Karamalegkos - February 15, 2024 0

In line with the trend observed among its counterparts, HMM, a major South Korean container carrier, reported a decline in its financial figures for...

News

HMM sale to Harim-JKL collapses

Container News Team - February 7, 2024 0

HMM will not be sold to the Harim Group-JKL Partners consortium, after talks with the South Korean flagship carrier’s state-controlled shareholders, Korea Development Bank...

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Delay in negotiations cast doubt on HMM sale

Container News Team - January 31, 2024 0

Aspersions have been cast on the sale of HMM to the Harim Group-JKL Partners consortium after negotiations with the South Korean flagship carrier’s state-controlled...

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THE Alliance temporarily halts AR1 service due to Red Sea crisis

Antonis Karamalegkos - January 25, 2024 0

THE Alliance, including Hapag-Lloyd, ONE, Yang Ming and HMM, has announced the temporary suspension of AR1 service due to recent Red Sea tensions. "Due to...

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Tag: HMM

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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

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

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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

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

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

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