Friday, July 4, 2025
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Tag: HMM

KDB to entirely reform HMM

Korea Development Bank (KDB) has vowed to carry out intense reform of Hyundai Merchant Marine (HMM) to normalize the ailing shipping firm's management. KDB...

HMM launched Japan-Straits service

Hyundai Merchant Marine (HMM) introduced on 27 November a dedicated weekly service connecting the main ports of Japan with Port Kelang and Singapore in...

Korean maritime transport industry suffers

Despite a boom in the Korean transportation sector, sales of the Korean maritime transport industry plunged more than 10% in 2017. The industry has...

HMM aspiring to post US$10 bln in sales

On October 26, HMM HQ employees gathered in the Seoul office to hear CEO C.K. Yoo’s presentation on HMM’s blueprint for the year 2022. Mr....

Gov’t to inject $706 million into HMM

The government is considering an injection of 800 billion won ($706 million) into Hyundai Merchant Marine Co., the nation's leading oceangoing shipping company, within...

South Korea hands $5 billions to HMM for megaships’ order

The new state backing will finance orders for megaships as the container-ship operator struggles to stay afloat South Korea’s Hyundai Merchant Marine 011200 -5.38% is getting another $5 billion...

HMM will receive 20 eco-friendly mega vessels

On September 28th, HMM signed the formal contracts for its twenty eco-friendly mega containerships with three shipyards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai...

HMM marks a record at Busan Port

HMM announced that its cargo processing at Busan Port for January to July 2018, has hit a new record. Processed cargo during the first...

Diana Containerships, time charter contract with HMM

ATHENS, GREECE, August 9, 2018 – Diana Containerships Inc. today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter...

HMM joins NYSHEX

NYSHEX announced the addition of Hyundai Merchant Marine (HMM) to its community, on Monday 23 July 2018. HMM joins the group of carriers - Maersk...
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Panama Canal vs Suez vs NSR: Which maritime corridor will shape the 21st century?

In an era where geopolitics and climate change are redrawing the map of global trade, the question is no longer if maritime corridors will...

ABS unveils breakthrough EV Battery Fire Simulation Model

American Bureau of Shipping (ABS) has taken a significant step forward, developing an advanced simulation modeling of thermal runaway in Lithium-ion battery fires. The model,...

OSPAR to ban scrubber discharges

Discharges from ship scrubbers will be banned in internal waters and port areas across the North-East Atlantic by 2027, with further restrictions coming into...

ABS to evaluate floating nuclear power plants

American Bureau of Shipping (ABS), CORE POWER, and Athlos Energy have formed a consortium to evaluate the potential deployment of floating nuclear power plants...
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