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News

HMM responds to state aid criticism from Maersk Line

n.savvides - May 14, 2020 0

South Korean shipping line HMM has hit back at suggestions by AP Møller-Maersk CEO Søren Skou that the European Commission should investigate state aid...

Updated: Maersk’s Skou hits out at “unacceptable” state aid for lines

n.savvides - May 13, 2020 0

Container shipping lines, such as HMM and Yang Ming Line, that receive state aid from there are gaining an unfair advantage over their competitors...

Port News

Saudi port welcomes maiden call from THE Alliance’s AG3

Container News Team - May 5, 2020 0

Gulf Stevedoring Contracting Company (GSCCO), part of the Gulftainer group of companies, has received the Hyundai Tacoma container vessel from the recently updated AG3...

Port News

Busan Port considers volume-linked terminal rentals

n.savvides - April 29, 2020 0

Busan Port Authority (BPA), aware of the challenges facing liner operators, could offer volume-linked rental rates to terminal operators from 2022, ahead of the...

News

Seoul sets aside US$382m emergency fund for HMM

n.savvides - April 23, 2020 0

The South Korean government has set aside KRW470 billion (US$382 million) in emergency funding for mainline operator HMM as the maritime industry faces another...

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HMM launches US$592m bond issue for new containers, working capital

n.savvides - April 20, 2020 0

South Korean mainline operator HMM is issuing KRW720 billion (US$592.3 million) in convertible bonds, raising funds for capital investments in new containers as well...

Blank Sailings

Covid-19 crisis forces THE Alliance to blank more sailings

Container News Team - April 1, 2020 0

Due to the unprecedented nature of the Covid-19 pandemic and the forecast sharp downturn in demand, members of THE Alliance, Hapag-Lloyd, HMM, Ocean Network...

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HMM axes South Korea-Japan service

n.savvides - March 26, 2020 0

Hyundai Merchant Marine (HMM) will cease its South Korea-Japan service ahead of the South Korean liner operator’s entry into THE Alliance on 1 April. HMM's...

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Hyundai Merchant Marine to rebrand as HMM Co., Ltd

Container News Team - March 11, 2020 0

South Korean flagship mainline operator Hyundai Merchant Marine (HMM) will be renamed HMM Co., Ltd. Container News understands that the move had been planned for...

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South Korean operators and ports execute COVID-19 contingency plans

n.savvides - March 4, 2020 0

South Korea has suddenly become the world’s second largest COVID-19 cluster, its liner operators and container port authorities have implemented contingency plans similar to...

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Tag: HMM

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