Hyundai Merchant Marine

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.

Maersk Kampala
29 Aug 2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.
Container ship
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
Majestic Maersk in Copenhagen
27 Dec 2013
What follows are our picks for the top 10 stories of 2013. Do you agree? Disagree?
Hyundai Merchant Marine container ship
23 Dec 2013
Hyundai Group is planning to sell off assets to generate cash to help out Hyundai Merchant Marine.
16 Dec 2013
Will there be a CKYH-E?
09 Dec 2013
The G6 Alliance laid out an aggressive blueprint for expanding in the U.S. market, saying it could establish a joint operations center similar to the P3 alliance and could jointly negotiate for terminal space, shipbuilding, as well as barge, transshipment and other services.
Thumbnail for G6 v P3 infographic
05 Dec 2013
The G6 Alliance is taking steps to counter the planned P3 Network in a battle for east-west dominance.
05 Dec 2013
The majority of public comments sent to the Federal Maritime Commission regarding the proposed P3 Network were supportive of the vessel-sharing alliance among the world’s three largest global container lines.
Hapag-Lloyd vessel
03 Dec 2013
The G6 Alliance unveiled plans to expand into the trans-Atlantic and Asia-U.S. West Coast trade lanes in a widely expected response to the proposed P3 Network partnership between the world’s three largest carriers, Maersk Line, Mediterranean Shipping Co. and CMA CGM.
Container stack
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
20 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.
Shipping containers in port with crane
16 Oct 2013
Container shipping lines in the Transpacific Stabilization Agreement Westbound section are attempting to set...