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HMM achieves record Q1 earnings

Container News Team - May 14, 2021 0

HMM has announced the highest operating profits in its history of US$900 million with a margin of 42%, while the South Korean container carrier...

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HMM launches extra loader to ease Suez blockage

n.savvides - April 26, 2021 0

HMM has announced the launch of an Asia-Europe extra loader service to alleviate the bottleneck created by the grounding of the Ever Given in...

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HMM to commission a dozen 13,000TEU vessels by June

n.savvides - April 19, 2021 0

HMM will order a dozen 13,000TEU ships within H1 2021, at the direction of South Korea's Ministry of Oceans and Fisheries (MOF). The newbuilding plan...

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HMM extends slot reservation policy for Korean SMEs

n.savvides - April 6, 2021 0

HMM will continue to provide extra container shipping capacity for South Korean small and medium enterprise (SME) exporters until the end of 2021. South Korea’s...

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Hanoi acts to cool overheated freight market

n.savvides - March 26, 2021 0

The Vietnamese government has joined its counterparts in China, Taiwan, the US and South Korea, by intervening to cool the overheated container shipping market. Vietnam’s Ministry of Industry...

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HMM makes early redemption of convertible bonds

n.savvides - March 25, 2021 0

HMM is exercising its right to make early repayment to holders of KRW240 billion (US$220.79 million) of convertible bonds. The bonds were issued in December...

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South Korea eyes container manufacturing

n.savvides - March 10, 2021 0

The South Korean government is considering starting a container factory to address the ongoing container shortage. Officials from the state-backed ship finance institution Korea Ocean...

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HMM sees US$1bn swing into massive profit

n.savvides - February 9, 2021 0

HMM has recorded its largest ever profits following a change in fortunes that saw the carrier make a US$254 million loss in 2019 transformed...

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HMM adds capacity to North Europe trade

n.savvides - January 22, 2021 0

South Korean liner operator HMM will launch an extra loader service from Busan to North Europe and is considering a similar move for its...

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ONE website established for APUS cargo owners’ information

n.savvides - January 15, 2021 0

Ocean Network Express (ONE) has set up a website for cargo owners that had freight on board the ONE Apus, which lost around 1,800...

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