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 Joins 2M Alliance

Hyundai has joined Maersk Line and Mediterranean Shipping Co. in the 2M Alliance on the Asia-Europe, trans-Pacific and trans-Atlantic trades.

Where Hyundai Ranks

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.

A truck at port's container transfer area.
11 Jan 2019
At least two ocean carriers will initiate US street-turn fees next month to reduce administrative costs for this measure; truckers and BCOs say it will increase supply chain costs.
An HMM ship.
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.
30 Nov 2018
The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
SM Line.
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.
09 Nov 2018
State-owned Korea Development Bank, the primary lender and shareholder of HMM, is hardening its attitude towards the loss-making carrier.
06 Nov 2018
A report on the status of instant quotes in container shipping.
Port of Los Angeles.
05 Sep 2018
The move represents modest good news for US importers scrambling for slots, amid a peak season surge in volume.
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.”
Port of New York and New Jersey container ship.
27 Jul 2018
Although trade tensions between the United States and the European Union and their impact have been muted so far in 2018, trade stakeholders know that could change dramatically and quickly.
Hyundai Merchant Marine.
24 Jul 2018
The exchange is about encouraging carriers and shippers to move past a system driven by uncertainty: beneficial cargo owners face no penalty for booking a certain volume of cargo on a ship, and then failing to send it; and carriers face few consequences for leaving containers on the dock.
A container ship at sea.
09 Jul 2018
Ocean carriers want to avoid being caught up in secondary sanctions that will be imposed by the United States on companies dealing with Iran.
A container ship at sea.
13 Jun 2018
In a strongly worded letter, Nik Delmeire, secretary general of the European Shippers Council (ESC), said container lines announced almost simultaneously that they would be applying a surcharge, which the ESC viewed as “tantamount to price signaling..."
An MSC ship.
11 Jun 2018
The increase in the price of bunker fuel, driven by crude oil’s 2017 to 2018 surge, is real. But beyond that ocean carriers face a tough sell with shippers regarding the inclusion of other surcharges, given spare capacity and a continued competitive market for shipper business.
An Evergreen ship.
25 May 2018
However, freight forwarders and shippers said they did not expect the disappearance of two carrier’s trans-Atlantic services to have much impact on capacity on the United States-Northern Europe route.
A Hapag Lloyd ship.
15 May 2018
Higher costs have weighed on results, slightly offsetting the positive impact of stronger volumes. Still, a key CEO offered an encouraging evaluation regarding the second half of 2018.
10 Apr 2018
The new order for mega-ships gives Hyundai Merchant Marine the container shipping industry's third-largest orderbook.
An HMM container ship.
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.
Port of Oakland.
29 Mar 2018
After six years of losses, the container shipping industry ended 2017 with a profit of about $7 billion. Financial reports of the 13 carriers do show improvement but do not yet reflect a full recovery — a recovery that should continue in 2018, given the strengthening global economy, unless political issues intervene.
A container ship at sea.
15 Mar 2018
SM Line Corporation has again appealed to its larger compatriot rival Hyundai Merchant Marine to collaborate on trans-Pacific routes.
28 Feb 2018
HMM says mega-ships will be ordered in the first half of 2018 but provided no info on the number of vessels or their sizes.
27 Feb 2018
Analysts are trying to figure out HMM's growth plans, with the South Korean carrier widely expected to place its mega-ship order.
Hyundai Merchant Marine.
21 Feb 2018
After a year off, Hyundai Merchant Marine is about to get back into Asia-Europe, but not with the size ships that are traditionally deployed on the trade.
Hyundai Merchant Marine.
13 Feb 2018
It was a hefty loss for Hyundai Merchant Marine in 2017, despite the South Korean flagship posting a far better operating result.
Hyundai Merchant Marine.
08 Feb 2018
HMM has been South Korea’s flagship container carrier since the bankruptcy of Hanjin Shipping in February 2017.
The new AAL-HMM service will operate five ships.
06 Feb 2018
The new AAL-HMM joint-service will operate five ships — four 30,100-deadweight-ton vessels (dwt) from HMM and one 31,000-dwt vessel from AAL.
16 Jan 2018
Qatar Ports is implementing a “comprehensive plan” to expand the network of direct shipping calls to Hamad port.
11 Jan 2018
In a recent interview, Soo Cheon Lee, co-founder and chief investment officer at investment bank SC Lowy, said SM Line would have to find partners on the trans-Pacific if it was to maintain its competitive edge.
19 Dec 2017
SM Line is hoping to partner with its larger Korean rival HMM as the carrier plans to launch a new trans-Pacific service.
12 Dec 2017
HMM said in December that Samsung SDS, LG Electronics, Hyundai Glovis, and several other companies have expressed interest in Asia-Europe rail.
15 Nov 2017
Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.
12 Oct 2017
The low-sulfur fuel rule taking effect in 2020 is likely to usher in “a paradigm change” akin to the introduction of mega-ships.
07 Sep 2017
Blockchain pilot programs have been flourishing this year.
11 Aug 2017
Debt-stricken carriers Yang Ming and HMM have used government support and the improving market conditions to raise revenue, cut costs, and pare down debts.
10 Aug 2017
Doubts were raised on how members of the newly formed Korean shipping alliance will be able to cooperate on the fiercely competitive intra-Asia trade.
26 Jul 2017
Carriers large and small battle for market share and profits in the Pacific.
05 Jul 2017
Hyundai affiliate CUT is closing its terminal in Los Angeles. Could it be followed by other terminal shake-ups resulting from restructuring of carrier alliances?