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Tag: HMM

SM Line strengthens hold over HMM with more shares purchased

Samra Midas (SM) group has consolidated its position as HMM’s third-largest shareholder after its subsidiary SM Line bought more HMM shares to grow the...

HMM and Yang Ming accused of breaching contract with US shipper

South Korea’s flagship carrier HMM and Taiwan’s Yang Ming Marine Transport have become the latest liner operators to be accused by shippers of failing...

SM Line ups HMM stake to 5.52%, denies acquisition ambitions

SM group, comprising SM Line and its affiliates, has become HMM’s third largest shareholder after buying a substantial number of shares on 20 June. In...

HMM, SM Line and Pan Ocean launch first K-Alliance service

HMM, SM Line and Pan Ocean have started the first service under the K-Alliance, a joint South Korea-Vietnam-Thailand service. K-Alliance was launched in 2020, with...

HMM unveils its new digital booking platform

The South Korean ocean carrier HMM has introduced its new digital solution called Hi Quote (HMM Instant Quote) aiming to offer a comprehensive contact-free...

SM Line’s failed attempt to charter HMM vessels highlights tonnage tightness

SM Line is now seeking ways to procure more ships to operate its Transpacific services, after the South Korean liner operator’s slot-sharing deal with...

Record earnings for HMM in the first quarter

HMM announced its financial results for the first quarter of 2022, in which the company recorded record profits, mainly due to freight rates and...

SM Line ups stake in HMM to 0.99%

South Korean liner operator SM Line (also known as SM Merchant Marine) has purchased more shares in its compatriot rival HMM, increasing its stake...

HMM and Bolero join forces to accelerate eBL growth in Asia

South Korea's flagship carrier HMM and Bolero International, which provides cloud-based trade finance digitisation solutions, have decided to collaborate to improve the visibility, transparency,...

HMM officially appoints Kim, Kyung Bae as new president & CEO

According to a decision that was already known, the South Korean shipping company HMM has officially appointed Kim, Kyung Bae as its new president...
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ABS boss foresees implementation of global carbon tax on shipping

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One Equity Partners takes over Acteon Group

One Equity Partners (OEP), a middle market private equity firm, has acquired Acteon Group, a global marine energy and infrastructure solutions company. The financial terms...