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.

22 Nov 2016
Mediterranean Shipping Co. said Tuesday that it’s still discussing allowing Hyundai Merchant Marine into the 2M Alliance, in direct contrast to its alliance partner, Maersk Line, telling the market Friday that a formal membership is off the table.
18 Nov 2016
Hyundai Merchant Marine will not join Maersk Line and Mediterranean Shipping Co. in the 2M Alliance.
16 Nov 2016
Hanjin Shipping spiraled closer to insolvency in the third quarter as Hyundai Merchant Marine turned a profit for the second straight three-month period as they plan for the future.
07 Nov 2016
Doubts that Hanjin Shipping wouldn’t join the THE Alliance began once the liner was placed in receivership Aug. 31, fueling speculation that HMM might take its place.
28 Oct 2016
Hyundai Merchant Marine is one of five bidders for the trans-Pacific and intra-Asia networks of bankrupt Hanjin Shipping.
06 Oct 2016
Hyundai Merchant Marine announced Thursday commencement of a new trans-Pacific service.
Pipavav Port, pictured, has seen traffic decline for the last two years.
05 Oct 2016
Hyundai Merchant Marine and T.S. Lines have reorganized their joint India-China Express Service.
28 Sep 2016
As Hyundai Merchant Marine is scaling down its deployment of extra loaders, Maersk Line is continuing to add vessels to handle Hanjin Shipping cargo.
27 Sep 2016
A prominent Russian maritime lawyer said the companies should appeal the decision in the hopes of having the decision overturned.
09 Sep 2016
A new intra-Asia alliance is on the cards following Hanjin's collapse.
02 Sep 2016
HMM has stepped in to plug the hole left by Hanjin vessels that are being refused entry to ports, delaying cargo delivery.
Hyundai Merchant Marine will cooperate with a government emergency response team formed to cope with the fallout of Hanjin Shipping's bankruptcy.
01 Sep 2016
Hyundai Merchant Marine plans to help shield South Korean shippers and its logistics sectors from the repercussions of Hanjin Shipping entering receivership.