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New CEO for SM Line

Container News Team - November 18, 2022 0

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...

News

SM Line ups capacity on North American west coast service

Container News Team - August 4, 2022 0

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

Container News Team - July 27, 2022 0

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...

Port News

Busan Port and SM Line part of consortium to operate Iraq’s Al-Faw port

Container News Team - July 13, 2022 0

Busan Port Authority, SM Line Gyeong-in Terminal and Daewoo Engineering & Construction (Daewoo E&C) have formed a South Korean consortium to negotiate the operating...

News

SM Line strengthens hold over HMM with more shares purchased

Container News Team - July 6, 2022 0

Samra Midas (SM) group has consolidated its position as HMM’s third-largest shareholder after its subsidiary SM Line bought more HMM shares to grow the...

News

SM Line ups HMM stake to 5.52%, denies acquisition ambitions

Container News Team - June 21, 2022 0

SM group, comprising SM Line and its affiliates, has become HMM’s third largest shareholder after buying a substantial number of shares on 20 June. In...

HMM, SM Line and Pan Ocean launch first K-Alliance service

Container News Team - June 16, 2022 0

HMM, SM Line and Pan Ocean have started the first service under the K-Alliance, a joint South Korea-Vietnam-Thailand service. K-Alliance was launched in 2020, with...

News

SM Line’s failed attempt to charter HMM vessels highlights tonnage tightness

Container News Team - May 23, 2022 0

SM Line is now seeking ways to procure more ships to operate its Transpacific services, after the South Korean liner operator’s slot-sharing deal with...

News

SM Line ups stake in HMM to 0.99%

Container News Team - May 3, 2022 0

South Korean liner operator SM Line (also known as SM Merchant Marine) has purchased more shares in its compatriot rival HMM, increasing its stake...

News

Appointment of Hyundai Glovis veteran fuels talk of HMM acquisition

Container News Team - March 10, 2022 0

The selection of a former CEO of Hyundai Glovis as HMM’s new CEO has sparked speculation in South Korean media that either Glovis or...

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