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.
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South Korea
South Korea
Press Releases
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.
07 Sep 2018
To say that the Trump administration’s steel tariffs and quotas have upset the global steel market would be an understatement, as nations who have hit their quotas are scrambling for new markets, and US importers are searching for new sources of affordably priced steel.
15 Aug 2018
The new vessels, accounting for almost 44 percent of its current fleet, will boost the Taiwan carrier’s order book to 74 ships.
14 Aug 2018
Hyundai Merchant Marine, which recently announced its withdrawal from the Trans-Atlantic trade, said it expects higher freight rates and load factors through the third-quarter peak season but cautioned cargo volume is likely to fluctuate due to “changes in [the] international situation.”
11 Apr 2018
Shippers looking to send goods from Latin America west — especially from Mexico — to China and the Far East, and in the other direction, have a growing list of options after the launch of three new services.
10 Apr 2018
The new order for mega-ships gives Hyundai Merchant Marine the container shipping industry's third-largest orderbook.
02 Apr 2018
Hyundai Merchant Marine will sign an agreement to cooperate with Sinokor Merchant Marine and Heung-A Shipping for intra-Asia routes to facilitate the anticipated merger of the latter two companies’ container shipping operations.
15 Mar 2018
SM Line Corporation has again appealed to its larger compatriot rival Hyundai Merchant Marine to collaborate on trans-Pacific routes.
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