Hyundai Merchant Marine

Hyundai Merchant Marine is the world’s 15th-largest container shipping company, with a fleet of 160 vessels. Established in 1976 with headquarters in South Korea, Hyundai has formed a global network with 28 subsidiaries, 76 branches, six overseas offices and 10 liaison offices.

Hyundai Merchant Marine, which is a part of the Hyundai Group, posted revenues of KRW 6.9 trillion in 2013 — down 10.4 percent year-on-year. The company recorded a net loss of KRW 351 billion, down 32.5 percent from the previous year’s net loss of KRW 520 billion.

Hyundai was the ninth-ranked container carrier in U.S. containerized import trade in 2013, with volume of 796,509 TEUs, up 0.9 percent year-over-year, giving it market share of 4.4 percent. It was No. 9 in U.S. containerized export trade in 2013, with volume of 796,509 TEUs, up 2.6 percent year-over-year and market share of 4.0 percent. For more carrier rankings see the JOC’s Top 40 Container Carriers special topic.

09 Sep 2016
A new intra-Asia alliance is on the cards following Hanjin's collapse.
The new CEO of Hyundai Merchant Marine will be quite busy as he or she tries to return to profitability a company that was on the brink of receivership just two months ago.
19 Jul 2016
Hyundai Merchant Marine will get a new CEO in August.
Joining the 2M Alliance will lower Hyundai Merchant Marine's operating costs and help it gain access to much-needed capital.
14 Jul 2016
After much uncertainty and speculation Hyundai Merchant Marine on Thursday announced that it would join the 2M Alliance.
HMM's new ships will replace vessels with 4,600 TEUs as container lines continue to upsize the ships they send through the Panama Canal.
11 Jul 2016
Hyundai Merchant Marine plans to deploy six ships with capacities of 10,000 twenty-foot-equivalent units on an existing Asia-U.S. East Coast service via the enlarged Panama Canal.
07 Jul 2016
“The commitments aim to increase price transparency for customers and to reduce the likelihood of coordinating prices,” the European Commission said.
04 Jul 2016
Hyundai Merchant Marine aims to have the largest market share on the Far East-Middle East trade.
29 Jun 2016
Hyundai Merchant Marine’s creditors have extended a suspension of debt repayments that was to expire Wednesday.
27 Jun 2016
Hyundai Merchant Marine discussions with Maersk Line and Mediterranean Shipping Co. to join their 2M Alliance could indicate any number of scenarios.
24 Jun 2016
The South Korean carrier is the first container line to make such an announcement and the news has given rise to suggestions that other carriers may soon take a similar approach to the International Maritime Organization’s new rule.
23 Jun 2016
The 2M Alliance might be getting a third member.
16 Jun 2016
Hyundai Merchant Marine’s sailing into the THE Alliance is expected to be smooth.
14 Jun 2016
A South Korean government minister has left open the possibility of a merger between Hanjin Shipping and Hyundai Merchant Marine.