Hyundai Merchant Marine

Hyundai Merchant Marine

With the bankruptcy of Hanjin Shipping in 2016, and the termination of its services, HMM, formerly known as Hyundai Merchant Marine, has become the leading Korean national containers carrier. The world's 14th largest container line in terms of vessel capacity, HMM moves the lion’s share of South Korea's exports. Following the bankruptcy of Hanjin, HMM’s cargo volume increased.

With the demise of Hanjin, HMM and SM Line are now the only two South Korean liner operators offering long-haul routes. Its range of offerings include all-water services that connect East Asia via the Suez and Panama canals with US East Coast ports. Its Asia Loop connects East Asia to major European ports. Other services include its Korea-Middle East Express, Asia Gulf Express, and services that connect East Asia with South America’s east and west coasts.

09 Sep 2022
Ocean carriers are trimming trans-Pacific vessel capacity amid weakening market fundamentals, but the traditional slowdown from China’s Golden Week is likely at play as well.
19 Aug 2022
Above-average volume growth has narrowed the gap between the 2M Alliance and the Ocean Alliance atop JOC.com’s rankings of the Top 40 Container Carriers by US Imports in 2022.
14 Jul 2022
South Korea’s highly profitable HMM has announced a massive investment plan that will extend the carrier’s reach deeper into the container supply chain.
13 Jun 2022
HMM will provide North America shippers with a way to book spot container freight by the end of 2022, joining its peers in THE Alliance.
13 May 2022
Container line earnings continue to hit record highs for the first quarter, with HMM the latest carrier to report a highly profitable start to the year.
25 Apr 2022
Seven ocean carriers blocked empty container returns to New York-New Jersey marine terminals last week as import volumes swell due to West Coast freight diversions.
15 Apr 2022
Ocean carriers say they have swept more of the empty containers that have plagued truckers who have had to make extra trips further away from ports to store the boxes.
25 Mar 2022
Ocean carriers are stepping up efforts to sweep up empty containers that are congesting ports on the US West and East coasts ahead of an expected surge of new imports.
15 Feb 2022
THE Alliance will split a “pendulum” service that swings from Asia to Europe and the US West Coast, with Hapag-Lloyd saying it could respond to demand more easily by adding vessels to two new services rather than through one existing service.
02 Dec 2021
The latest talk about a share sale that would start the path toward privatization comes after HMM announced record third-quarter results on Nov. 10 with a near 10-fold increase in net profit to almost $2 billion.
15 Jun 2021
The latest shipping line to be hit by a cyberattack, HMM said the incursion has crippled its email systems but has not affected its booking documentation functions and has not resulted in any data breaches.
21 May 2021
South Korean container lines HMM and SM Line will inject more than 82,000 TEU of monthly capacity on the trans-Pacific and Asia–Europe trades via extra loaders and the accelerated deployment of newbuild ships on existing loops.
14 May 2021
HMM has joined its peers in reporting a profitable first quarter, and the South Korean carrier expects the high rate/strong demand environment in container shipping to continue at least through the second quarter.
23 Dec 2020
Unprecedented trans-Pacific volumes and steadily growing exports of petrochemicals, agricultural products, and resins have prompted members of THE Alliance to launch a new direct service between Asia and the US Gulf.
20 Aug 2020
A chassis dispute between trucking executives and ocean carriers has reached an impasse, spurring American Trucking Associations to seek a resolution from the US Federal Maritime Commission.
30 Jun 2020
Retailers and forwarders say July 1 general rate increases (GRIs) could send spot container freight rates in the eastbound trans-Pacific to record levels.
19 Jun 2020
HMM will be switching from BNSF Railway to Union Pacific Railroad in August, a move that allows it to prioritize efficient inland movement of containers within THE Alliance.
27 May 2020
A wave of government support measures and the rising threat of overcapacity speaks to the pain on the way, even if carriers have shown they’ve learned from the 2008-2009 global financial crisis not to pull punches when it takes to cutting capacity quickly.
02 Apr 2020
As consumer demand in the US plummets due to the coronavirus disease 2019 (COVID-19), trans-Pacific carriers are suspending entire strings in addition to blanking additional sailings from Asia in the second quarter.
HMM narrowed losses in 2019, but faces precarious market
13 Feb 2020
South Korea-based container carrier HMM managed to cut its operating losses and increase revenue in 2019, but the start of the new year has come with mounting challenges.
Ocean Alliance tweaks network as rivals change members
09 Jan 2020
The first of the global container carrier alliances has announced its 2020 schedule, with the other two groupings due to reveal their networks soon.
THE Alliance to roll out HMM mega-ships in revised Asia-Europe network
08 Jan 2020
Members of THE Alliance are making plans to reshuffle their Asia-North Europe and Asia-Mediterranean networks in preparation for HMM, which will join the vessel grouping in April.
Alphaliner raises alarm over possible overcharging on low-sulfur fees
11 Dec 2019
Carriers have struggled to lift spot rates on the Asia-Europe trade, and the wide variations in low-sulfur surcharge levels have an analyst asking questions.
The new oligopoly of container shipping
04 Jul 2019
Carriers and shippers alike must adapt to the new realities of a container shipping market in which only a handful of large players control the vast majority of capacity.
25 Jun 2019
The shipping sector is lacking investments in effective carbon reducing technologies, threatening to miss IMO 2050 targets for decarbonization, according to a recent report from CDP.
14 May 2019
Adding five new members may give the Digital Container Shipping Association the quorum needed to press forward with the development of standard data protocols.
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.
New HMM CEO targets customer focus for turnaround
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 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.
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.
ZIM San Francisco.
29 Nov 2018
The combined US import market share of the Top 5 US import carriers slipped 0.3 percentage points to 58.1 percent from January through September, while the Top 5’s US export share fell 0.8 percentage points to 58.4 percent, according to data from PIERS, a sister product of JOC.com.
Maersk Line.
14 Nov 2018
The third-quarter earnings of Maersk and HMM, released Wednesday, send a warning to the container shipping industry of the challenge in recouping higher bunker fuel costs — a challenge that will only increase further when the global low-sulfur fuel rule takes effect.
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.