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Sunday, May 19, 2024
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Tag: SM LINE

HMM and SM Line cooperate on Transpacific lane amid alliance shuffle

South Korean liner operators HMM and SM Line are working together on long-haul routes for the first time. On 13 May, SM Line said that...

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

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...

SM Group reverses HMM takeover dream

Samra Midas Group, parent of HMM’s compatriot peer SM Line, has U-turned on its plan to acquire the state’s interest in South Korea’s flagship...

CJ Logistics signs up ONE as strategic partner

CJ Logistics, South Korea’s largest third-party logistics provider, signed a collaboration agreement with Ocean Network Express (ONE) on 3 August, a month after sealing...

Will HMM merge with SM Line?

South Korea’s two ocean-going carriers could merge as the Samra Midas group wants to bid to acquire HMM. SM group, the parent of SM Line,...

Samsung Electronics hits SM Line with FMC complaint

The US branch of South Korean electronics giant Samsung Electronics has complained against compatriot liner operator SM Line to the US Federal Maritime Commission,...

SM Line, CJ Logistics to expand Transpacific reefer shipping

South Korean liner operator SM Line and compatriot third-party logistics group CJ Logistics will work together to expand their logistics businesses in North America,...

New CEO for SM Line

South Korean liner operator SM Line has appointed Yoo Jo-hyuk as its new chief executive officer (CEO). Yoo is taking over from Park Kee-hoon, who...

SM Line ups capacity on North American west coast service

Gwangyang, South Korea’s second-busiest container port, is anticipating greater export flows to the North American west coast after SM Line decided to deploy larger...

SM Line CEO: Better to invest excess funds in HMM than to earn measly interest

SM Line CEO, Park Kee-hoon said that investing excess funds from company profits in HMM is generating better returns than leaving the money in...
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