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South Korea: Five shipping companies form alliance

glory 25-12-2020 21:02 Area News
Five South Korean container shipping companies are establishing the Korean Maritime Movement Alliance (K-Alliance) in an effort to strengthen competitiveness in Southeast Asia and achieve cost synergies. The country’s...
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HHI to use Jotun’s Hull Skater to protect HMM’s newbuilds from biofouling

glory 14-12-2020 16:43 Area News
South Korean majors Hyundai Heavy Industries (HHI), which controls about 10% of the global newbuild market, and container shipping major HMM have committed to utilizing Jotun’s Hull Skating Solutions (HSS) on a series of...
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Volume recovery, cost-cutting measures help Hapag-Lloyd deliver strong results

glory 13-11-2020 16:40 Area News
German container shipping major Hapag-Lloyd reported strong earnings in the first nine months of this year, benefitting from volume recovery in the third quarter combined with stable freight rates and low bunker prices....
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HMM: Twelve 24,000 TEU boxships make maiden voyages fully laden

glory 05-10-2020 16:10 Area News
All of HMM’s twelve 24,000 TEU containerships have been entirely filled with cargoes on their first voyage, the South Korean shipping major said. On 30 September, HMM St. Petersburg, the final vessel in the company’s...
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HMM unveils new centre to monitor, control operation of containership fleet

glory 23-09-2020 13:59 Area News
South Korean shipping major HMM opened its land-based Fleet Control Centre located at the HMM R&D facilities in Busan. The centre has been newly designed to monitor and control the operation of HMM’s fleet including...
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HMM’s 24,000 TEU boxship fleet is complete

glory 15-09-2020 15:06 Area News
South Korean shipping company HMM has taken delivery of the final 24,000 TEU containership newbuild of a total of 12 ordered two years ago. These are the largest container ships in the world based on their carrying...
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HMM, SHI team up on smart ship technology

glory 08-09-2020 15:18 Area News
South Korean shipping company HMM has signed a memorandum of understanding (MoU) with compatriot shipbuilder Samsung Heavy Industries (SHI) on smart ship technology. Under the MoU, HMM and SHI plan to collaborate in the...
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HMM, HHI and partners exploring development of marine biofuel

glory 24-08-2020 17:00 Area News
South Korean shipping company HMM has signed a memorandum of understanding (MOU) with the Korea BioEnergy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register...
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HMM to form joint venture with Singapore’s PSA International

glory 18-08-2020 14:30 Area News
South Korean shipping major HMM revealed plans to form a joint venture company with Singapore’s port operator PSA International. The JV will be launched this year, however, the exact date has not been fixed yet, a...
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HMM sells stake in Algeciras container terminal to CMA CGM

glory 10-08-2020 14:02 Area News
South Korean shipping major HMM has signed a sales and purchase agreement with French counterpart CMA CGM for the sale of its 50 per cent stake minus one share in Total Terminal International Algeciras (TTI Algeciras), a...
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