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SM Line shoots down rumours of acquiring HMM

Container News Team - October 5, 2021 0

South Korean liner operator SM Line has refuted market talk that it could try to acquire the Korea Development Bank's stake in its larger...

News

HMM must improve salary system and bank will eventually release control, said KDB chairman

Container News Team - September 15, 2021 0

Korea Development Bank chairman, Lee Dong-gull has called on HMM to improve its salary system and disclosed that the state policy lender will inevitably...

News

K-Alliance starts operations

Container News Team - September 3, 2021 0

Five South Korean liner operators began their code-sharing arrangement on intra-Asia routes on 1 September. HMM, SM Line Corporation, Pan Ocean, Sinokor Merchant Marine and...

News

HMM seafarers to picket in Busan, notwithstanding salary negotiations

Container News Team - September 1, 2021 0

While union leaders representing HMM’s seafarers and office staff continue to negotiate with the management for higher salary increments, the seafarers are going ahead...

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Top 10: The largest shipping lines in the world

Container News Team - August 27, 2021 0

It comes as no surprise, that the shipping companies are the most crucial part of the global supply chain. The container shipping lines, with...

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HMM given until 1 September to settle labour dispute – More than half company’s seafarers to move to MSC

Container News Team - August 27, 2021 0

HMM's seafaring union has given the management a week's grace to see if a compromise to the impasse in their salary increment expectations can...

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HMM seafarers call for strike, threaten move to MSC

Container News Team - August 25, 2021 0

HMM's 453 seafarers’ union has voted overwhelmingly to go on strike after the company’s management rejected its demands for a generous salary increment. Over 92%...

News

HMM achieves record profits and increased volumes during 2021 H1

Antonis Karamalegkos - August 13, 2021 0

HMM has reported its highest operating profit in its history of US$2.06 billion in the first half of 2021 with a margin of 45.1%,...

News

Maersk Container Industry produces milestone Star Cool reefer

Container News Team - August 10, 2021 0

Maersk Container Industry (MCI) has marked a milestone with the production of its 400,000th Star Cool unit, which will be delivered to HMM. Since 2005...

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FMC questions eight box carriers about surcharges

Container News Team - August 5, 2021 0

The Federal Maritime Commission (FMC) has launched an inquiry, asking eight shipping companies to provide information about the congestion and related surcharges they have...

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