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Tussle between HMM and Samsung escalates

The legal wrangling between South Korea's flagship carrier HMM and its compatriot conglomerate Samsung Electronics is deepening. After Samsung Electronics' US branch filed a complaint...

HMM, ONE launch new Far East Latin America Express service

HMM and Ocean Network Express (ONE) will introduce an enhanced service connecting Far East Asia with Latin America. This new product, named Far East-Latin America...

HMM proceeds with onboard carbon capture and storage initiatives

In pursuit of its 2050 carbon neutrality goal, HMM is actively advancing multiple initiatives, including the installation and demonstration of an Onboard Carbon Capture...

US FMC designates HMM as state-controlled carrier

The United States Federal Maritime Commission (FMC) designated HMM as a controlled carrier of the Government of the Republic of Korea and added it...

HMM introduces new rate increase from India to Mediterranean

HMM India has announced a new General Rate Increase for shipments from India to North Continental Port and Mediterranean ports. The Indian branch of the...

HMM and IKEA forge alliance to advance ocean transport decarbonization

HMM and IKEA Supply Chain Operations have entered into an agreement to utilize HMM's 'Green Sailing Service', a low-carbon ocean transport solution aimed at...

HMM’s methanol-powered ships to ply world’s first green shipping route

South Korea is pursuing an ambitious project to launch the world's first green shipping route. And 9,000 TEU methanol-fueled container ships being built by...

Box lines’ first-quarter margins the best since 2010, bar Covid-boom

Liner operators' operating margins for 1Q 2024 have reached the highest since 2010, excluding the period during the Covid-induced boom, according to Alphaliner’s report. Average...

HMM and SM Line cooperate on Transpacific lane amid alliance shuffle

South Korean liner operators HMM and SM Line are working together on long-haul routes for the first time. On 13 May, SM Line said that...

HMM reports strong first quarter financial results

South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion...
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NYK buys segments of ENEOS Ocean’s shipping business

NYK will acquire 80% of the shares of a new company to be established by ENEOS Ocean Corporation, a consolidated subsidiary of ENEOS Holdings,...

NWSA reports higher container volumes in 2024

The Northwest Seaport Alliance (NWSA), a partnership between the ports of Seattle and Tacoma, handled 321,432 TEUs in June, representing a significant growth of...

Port of Rotterdam nears 7 million TEUs in first half

In the first half of the year, Port of Rotterdam's container throughput increased by 4.2% in tonnes to 67.1 million tonnes and by 2.2%...

Port of Los Angeles achieves another monthly container gain

Port of Los Angeles processed 827,757 TEUs in June, translating to a 10% increase over the previous month and less than 1% compared to...