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.
10 Jun 2016
Hyundai Merchant Marine on Friday said it had reached an agreement with shipowners to secure lower charter rates.
01 Jun 2016
Hyundai Merchant Marine announced Wednesday that it has reached a resolution with holders of all five bond issues that are maturing in 2016 and 2017.
31 May 2016
Hyundai Merchant Marine said on Tuesday that the first three of five meetings with bondholders to renegotiate credit terms were successful.
26 May 2016
Hyundai Merchant Marine has said its financial restructuring will allow it to acquire mega-ships.
24 May 2016
Hyundai Merchant Marine said Tuesday that it had met the requirements necessary to proceed with bondholder meetings scheduled for May 31 and June 1.
20 May 2016
Hyundai Merchant Marine has ended negotiations with its ship charterers to secure lower rates.
18 May 2016
Help us and we all win, is HMM's message to its vessel charterers reluctant to offer discounts.
16 May 2016
Hanjin Shipping and Hyundai Merchant Marine posted first-quarter losses as questions continue to mount about the long-term prospects of South Korea’s largest container lines.
13 May 2016
Hyundai Merchant Marine is working to assure the shipping public that it will continue to remain operational after the revelation that the South Korean carrier had been left out of the world’s newest shipping alliance, THE Alliance.
10 May 2016
Hyundai Merchant Marine will meet with bondholders to offer a repayment plan that will ensure its survival over the coming years.
02 May 2016
Hanjin Shipping and Hyundai Merchant Marine have confirmed they are in discussions with other container lines on forming alliances.