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Tag: SM LINE

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...

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

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...

SM Line strengthens hold over HMM with more shares purchased

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...

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

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

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...

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

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...

SM Line ups stake in HMM to 0.99%

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

Appointment of Hyundai Glovis veteran fuels talk of HMM acquisition

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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