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Tag: HMM

SM Line refutes talk of HMM takeover

SM Merchant Marine, also known as SM Line, has told Container News that it does not harbour any ambitions of acquiring its fellow South...

SM Line takes minority stake in HMM; minister says still early to assert market recovery

South Korean liner operator SM Line Corporation has become a minority shareholder in its larger compatriot rival HMM, with a 0.49% stake. SM Line, which...

“Time for us to take our hands off HMM,” says KDB chairman

Korea Development Bank (KDB) chairman, Lee Dong-gull said on 1 December that the time has come for the South Korean state-backed policy lender to...

South Korean government’s HMM stake sale to be outlined in 2022 first quarter

The South Korean government is discussing the offloading of the state's shares in HMM with the Financial Supervisory Service, Korea Development Bank (KDB) and...

HMM hits US$1.95 billion record Q3 profit

The South Korean shipping company HMM has reported an astronomical spike of 9,239.8% in net profit of the third quarter of the year, compared...

THE Alliance to drop Savannah port calls

The Alliance, which comprises Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced it will temporarily remove calls at the Port of...

HMM pilots IoT technology in reefer containers

HMM will try out Internet of Things (IoT) technology on the shipping of refrigerated and frozen containers. IoT enables ship operators to determine the location...

KDB holding on to more than half of HMM’s reserves

It turns out that 67% of HMM's surplus US$4 billion funds have been deposited in low-interest funds managed by its largest shareholder Korea Development...

HMM launches new Far East Asia – Latin America service

The South Korean carrier HMM has announced the launch of a new service between Far East Asia and Latin America, connecting three continents. The new...

THE Alliance announces changes in its Transatlantic services

THE Alliance, comprising Hapag-Lloyd, Yang Ming, Ocean Network Express (ONE) and HMM, has announced several changes in its Atlantic Loop (AL) services. The alliance partners...
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Hapag-Lloyd revises WS3 service linking Chile with Peru

The German carrier Hapag-Lloyd will update the rotation and the vessel deployment in its West Coast of South America (WS3) service, connecting the Port...

CN Photo Project: The Picture of the Week

Container News wants to thank you all for your participation in the CN Photo Project. Among all the very beautiful photos we have received, the Container News team has...

Kuehne+Nagel opens new offices in Africa

The global transport and logistics company Kuehne+Nagel has expanded its network of offices in Africa, which are managed and supported by a control tower...

Leschaco opens chemical and dangerous goods warehouse in Malaysia

The logistics services provider Leschaco has opened a new chemical and dangerous goods warehouse in Malaysia, with a floor space of 11,148.3 m2 on...