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.

23 Aug 2016
No surprises as a weak October encourages G6 to withdraw sailings on major east-west trades.
Incheon Port, pictured, in the first half recorded its largest ever throughput for a half-year period with 1.24 million TEUs.
22 Aug 2016
The new CC1-CC2 was made from the merging of two Asia-North America West Coast Central China products into a new Central China Combo service.
19 Aug 2016
Hanjin and HMM’s U.S. imports and exports were down in the first half compared with the same period a year ago despite general growth in both.
Lower volumes on trans-Pacific and Asia-Europe routes were contributors to the operational loss of Hyundai Merchant Marine in the second quarter.
16 Aug 2016
South Korea’s second-largest shipping line posted an overall net profit in the second quarter.
02 Aug 2016
Danaos sounded a bullish note over its recent deal to cut charter rates for financially troubled Hyundai Merchant Marine.
29 Jul 2016
Maersk Line has played down speculation that it will try to acquire Hyundai Merchant Marine.
Mega-ships and the 2M Alliance are both critical features of Hyundai Merchant Marine's efforts to stabilize its finances.
21 Jul 2016
Hyundai Merchant Marine on Thursday signed an agreement with its creditors to proceed with its business normalization plan.
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.