It has been several years since Seoul-based container carrier HMM has managed to report a quarterly profit, and the second quarter of 2019 was no different.
Monday January 20, 2020
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South Korea
Press Releases
07 Aug 2019
Maersk’s new ocean-rail service from Asia to Northern Europe is offering competitive transit times against more established all-rail routes.
15 May 2019
Higher volumes for HMM and Yang Ming drove better operating results, but both are still struggling to attain profitability.
26 Apr 2019
The new boss of Hyundai Merchant Marine has been adjusting the carrier’s services as he tries to return the loss-making line to profitability.
23 Apr 2019
HMM’s new CEO is on a European tour that will focus on three key challenges: the future of its 2M Alliance relationship, winning customer trust, and gaining insight into the low-sulfur fuel mandate.
29 Mar 2019
Container lines with the financial muscle — or state backing — are forging ahead with strategies aimed at controlling a greater portion of the container supply chain.
27 Mar 2019
The South Korean container carrier says its new CEO will “focus on a customer’s view on handling HMM’s current issues in order to lead managerial innovation and strengthen its sales competitiveness.”
06 Dec 2018
HMM is trying to reverse a loss trend that most recently saw it post a $147 million net loss in the third quarter, which it blamed on high fuel prices.
13 Nov 2018
“There is no will or reason to merge the two companies. SM Line will continue to build its own business models and we will do our part to survive in the market independently,” said SM Line CEO Kim during a meeting at the company’s headquarters in Seoul.
19 Oct 2018
“I don’t know if the peak this year will look like last year, but we have about 20 freighters and take a lot of volume in our widebody fleet that we expanded quite a bit, so there are a lot more destinations,” Cathay Pacific CEO Rupert Hogg said. “But going into next year the future is unknown.”
02 Oct 2018
The new route connects the South Korean port of Busan and Russia’s port of St. Petersburg and involves the port of Vladivostok as a transit hub and then the Trans-Siberian Railway to move container cargo to Russia and other European destinations.
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