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SM Line vessel suffers mechanical failure in Pacific Ocean

An SM Line Corporation’s container ship had to be towed to Ogden Point, Canada, after suffering what appeared to be a mechanical failure in...

SM Line takes minority stake in HMM; minister says still early to assert market recovery

South Korean liner operator SM Line Corporation has become a minority shareholder in its larger compatriot rival HMM, with a 0.49% stake. SM Line, which...

SM Line adjourns IPO due to bearish stock market

SM Merchant Marine, also known as SM Line, has delayed its initial public offering (IPO) after weak demand from institutional investors. Announced today, the decision...

SM Line shoots down rumours of acquiring HMM

South Korean liner operator SM Line has refuted market talk that it could try to acquire the Korea Development Bank's stake in its larger...

K-Alliance starts operations 

Five South Korean liner operators began their code-sharing arrangement on intra-Asia routes on 1 September. HMM, SM Line Corporation, Pan Ocean, Sinokor Merchant Marine and...

FMC questions eight box carriers about surcharges

The Federal Maritime Commission (FMC) has launched an inquiry, asking eight shipping companies to provide information about the congestion and related surcharges they have...

South Korea’s logistics industry protest price-fixing penalties

South Korea’s logistics industry stakeholders have decried the Korea Fair Trade Commission’s (KFTC) recent financial penalties on 12 country’s liner operators, describing it as...

SM Line in last three bids for Hanjin Heavy Industries

South Korean liner operator SM Line is part of a consortium that is bidding to acquire Hanjin Heavy Industries as the bidding process reaches...

Seoul to finance HMM newbuildings and demands more Pacific capacity

The South Korean government is intensifying efforts to support the country’s liner shipping industry and shippers amid an unprecedented spike in demand. Speaking on 9...

SM Line refuses charter offers to support South Korean shippers

South Korean liner operator SM Line revealed it had rejected offers from mainline operators to charter one of its owned ships, in favour of...
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CMA CGM applies peak season surcharge from Central America & Caribbean to Europe & Med

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