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Tag: HMM

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HMM reports strong first quarter financial results

Antonis Karamalegkos - May 14, 2024 0

South Korea's major ocean carrier HMM achieved increased revenue and profits in the first quarter of the year. In particular, the company reported US$1.7 billion...

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Shift in box lines’ strategy to owned tonnage

Container News Team - May 8, 2024 0

Liner operators have been increasing the proportion of owned to chartered ships in their fleet as the Covid-19 pandemic made them cash-rich amid rising...

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HMM adopts AI safety monitoring system

Container News Team - April 29, 2024 0

South Korean major ocean carrier HMM has unveiled plans to use an artificial intelligence (AI) video analysis solution, DeepEyes, to enhance safety management aboard...

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Seoul earmarks US$2.5 billion to boost vessel capacity of smaller box lines

Container News Team - April 19, 2024 0

As part of plans to grow the locally owned container shipping fleet, the South Korean government will set aside around US$2.5 billion to increase...

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HMM and Shanghai International Port Group sign clean marine fuel agreement

Antonis Karamalegkos - April 3, 2024 0

South Korean ocean carrier HMM has signed a Memorandum of Understanding (MoU) with Shanghai International Port Group (SIPG) on supply cooperation of Clean Marine...

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Major lines’ margins in negative territory for first time after five years

Container News Team - March 20, 2024 0

Mainline operators’ operating profit margins fell into negative territory for the first time since 2018, due to losses in 4Q 2023, according to Alphaliner’s...

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Course reversal: HMM sale not on the cards

Container News Team - March 8, 2024 0

South Korea's Oceans and Fisheries Minister Kang Do-hyung said the government is not planning another attempt to sell its interest in HMM anytime soon. Kang...

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HMM and Hellmann cooperate to reduce Scope 3 emissions

Ioanna Kontos - March 4, 2024 0

HMM has collaborated with Hellmann Worldwide Logistics to manage Scope 3 emissions by implementing the Green Sailing Service, a low-carbon transportation solution aimed at...

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HMM earns ‘A-‘ environmental rating from CDP

Ioanna Kontos - February 21, 2024 0

HMM has been honoured for its commitment to sustainability and transparency in addressing climate change by the global environmental organization CDP, achieving an ‘A-’...

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HMM reports financial declines, but remains profitable

Antonis Karamalegkos - February 15, 2024 0

In line with the trend observed among its counterparts, HMM, a major South Korean container carrier, reported a decline in its financial figures for...

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