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.

Webcasts

Feb 21, 2019 10:00AM EST
Mar 14, 2019 2:00PM EDT
06 Feb 2019
PSA International’s new terminal at India’s busiest container gateway handled a record 67,661 TEU in January and is poised for more growth as the year continues.
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?
17 May 2017
Although vessels of more than 9,000 TEU have called at Santos, they have not been as long as the Hyundai Loyalty.
05 Apr 2017
South Korean carrier Hyundai Merchant Marine posted an operating loss of $595 million for 2016, as it enjoyed its largest quarterly revenue of the year.
28 Mar 2017
Although the 2M Alliance will launch April 1, the HMM agreement will go into effect as soon as March 30.