Tags HMM
Tag: HMM
KDB sounds out potential buyers for HMM shares
Korea Development Bank (KDB) has identified Hyundai Motor, steel mill POSCO, logistics group LX Pantos and SM Line as potential buyers for its 20.69%...
HMM hits US$11 billion revenue, surpasses US$6.3 billion profit in 9M 2022
HMM has achieved strong financial results for the third quarter of the year, increasing revenue by 27.1%, compared to the same quarter last year,...
South Korea’s Minister: HMM divestment depends on market conditions
South Korea’s Minister for Oceans and Fisheries Cho Seung-hwan said on 6 October that stock market conditions and the shipping cycles would determine when...
HMM and CEVA Logistics ink multi-year cooperation deal
South Korean ocean carrier HMM and French logistics firm CEVA Logistics have signed an agreement which is expected to strengthen and expand relations between...
New KDB boss: HMM, DSME must be sold at soonest
Newly appointed Korea Development Bank (KDB) chairman Kang Seok-hoon said in a press briefing that the bank must divest its holdings in the country’s...
HMM and PANASIA partner on onboard carbon capture system
South Korean container line HMM has signed a Memorandum of Understanding (MoU) with global eco-friendly and energy system company PANASIA to collaborate on onboard...
Government planning to divest HMM shares in phases
The South Korean government is now inclined to find a buyer for its substantial shareholding in flagship liner operator HMM, after earlier asserting that...
Box lines continue to reap record profits, HMM reports US$4.6 billion earnings in 2022 H1
Container carriers continue to achieve record financial results in the post-Covid era with HMM announcing outstanding revenue and profits this time. The South Korean box...
THE Alliance revises rotations of Transpacific services
North America's northwest coast continues to experience port congestion with vessel delays. This is the reason that effective from August, Transpacific services of THE...
HMM unveils upcoming investments over US$11.4 billion, aims to boost TEU capacity by nearly 400,000 TEU
HMM has decided to proceed with massive investment in several initiatives aiming to diversify its business portfolio for future growth. In the mid-to-long term strategy...
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World’s first large-scale Battolyser plant to be located in Port of Rotterdam
The world’s first large scale Battolyser factory will be constructed in the port of Rotterdam to meet soaring demand for green hydrogen and electricity...
ICTSI’s Mindanao Container Terminal enhances port equipment
Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) business unit in Misamis Oriental in the Philippines, has acquired a mobile harbor crane...
Escalating protests threaten Indian hub port development at Vizhinjam
The Adani Group finds itself in a fix due to an escalation of protests against its under-construction container transshipment hub project at Vizhinjam, a...
Increased container volume at Port of Melbourne in October
Port of Melbourne noted increased container volumes in October 2022 compared to the same month last year. The Australian port saw October's container throughput rise...
