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HMM sale to Harim-JKL collapses

Container News Team - 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 - 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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Services

THE Alliance temporarily halts AR1 service due to Red Sea crisis

Antonis Karamalegkos - 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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News

THE Alliance reaffirms “unwavering cooperation” in 2024

Antonis Karamalegkos - 0
The members of THE Alliance have published a joint release to emphasize their commitment to continue their collaboration and operations as usual in 2024. This...
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News

HMM expands its fleet with new 13,000 TEU vessel

Ioanna Kontos - 0
In a significant milestone, HMM held the naming ceremony of its premier 13,000 TEU container ship HMM Garnet at the HD Hyundai Heavy Industries...
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Hapag-Lloyd’s departure shakes-up THE Alliance

Container News Team - 0
Shipping pundits are expecting liner alliances to be redrawn, after Maersk Line and Hapag-Lloyd announced on 17 January that they will form Gemini Cooperation...
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News

HMM sale will be cautiously proceeded in view of taxpayers

Container News Team - 0
South Korea’s Minister of Oceans and Fisheries Kang Do-hyung told journalists at a New Year briefing that he does not believe there will be a...
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News

HMM launches supply chain carbon calculator for GHG emission monitoring

Ioanna Kontos - 0
HMM has introduced the Supply Chain Carbon Calculator, a cutting-edge digital platform empowering customers to gain comprehensive visibility into their carbon footprint throughout the...
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HMM announces US$1,500 GRI from India to East Coast of Latin America

Antonis Karamalegkos - 0
South Korean ocean carrier HMM has announced a new general rate increase (GRI) from India to the East Coast of Latin America on its...
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HMM likely to be sold to Harim-JKL in US$4.9 billion deal

Container News Team - 0
South Korean poultry processor and Pan Ocean owner Harim Group and its consortium member, private equity firm JKL Partners, were chosen as the preferred...
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Port of Long Beach appoints new managing director of engineering services

Port News Alexandros Itimoudis - 0
The Port of Long Beach has appointed Suzanne Plezia, P.E., as its new Managing Director of Engineering Services, succeeding Sean Gamette, P.E., who announced...
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DP World and J.P. Morgan launch partnership

News Alexandros Itimoudis - 0
DP World Trade Finance has joined forces with J.P. Morgan to enhance access to working capital across emerging markets, addressing the persistent global trade...
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Red Sea shipping traffic rebounds as Houthis limit targets

News Alexandros Itimoudis - 0
Red Sea maritime traffic has increased by 60% to approximately 36–37 vessels per day since August 2024, as Reuters reported. However, it still falls short...
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CMA CGM applies new surcharge from Far East to West Africa

Rates & Surcharges Container News Team - 0
French ocean carrier CMA CGM has announced a peak season surcharge (PSS) for shipments from Northeast Asia, Southeast Asia, China and Hong Kong &...
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