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HMM joins coalition for carbon-free ships

South Korea's HMM is the most recent shipping line to join the Getting to Zero Coalition, which is working to develop the first CO2-free vessel before 2030. The coalition counts companies such as Maersk, MAN and Euronav.

HMM reduced deficit but remains strained by global unrest

South Korean liner major HMM grew its revenue significantly in the second quarter, though trade tensions, Middle East unrest and a looming Brexit continues to strain the company, which is still losing money. However, the switch from 2M to The Alliance is expected to bring gains.

HMM takes top spot in liner majors' schedule reliability

South Korea's HMM was the best at arriving on time in June, while Yang Ming finished last on the list of the world's 15 largest liner companies' schedule reliability, according to a survey by Sea-Intelligence. 2M was the most reliable alliance on the East-West trade. Find the list here.

This is why HMM decided to end its partnership with Maersk and MSC

There was one reason in particular that Maersk and MSC's South Korean partner HMM decided to break away from the two liner majors' 2M alliance to instead join forces with competitors such as Hapag-Lloyd in The Alliance, according to a statement from HMM to ShippingWatch.

ZIM expands cooperation with 2M

2M strengthens its collaboration with Israeli liner company ZIM, which adds two new services and 20 container vessels to their partnership. The news come the same week as HMM's exit from 2M.

Maersk wanted HMM to remain a 2M partner

Maersk would have liked HMM to remain part of the 2M alliance, the company tells ShippingWatch. HMM also confirms that negotiations took place. Once the South Korean partner withdraws next year, 2M will need to find alternatives in the Pacific.

HMM joins THE Alliance

South Korean container shipping company HMM becomes full member of container alliance THE Alliance. HMM has been in a strategic partnership with Maersk's 2M alliance for several years.

HMM's new chief executive will visit 2M partners

HMM's new chief executive will this week visit Maersk in Copenhagen as well as MSC in Geneva "to consolidate the relationship" with the 2M alliance. HMM's agreement with the container alliance expires in April 2020.

HMM acquires scrubbers for 19 container vessels

South Korea's major shipping line orders scrubbers for 19 container vessels. Part of the financing comes from a newly-established fund, where contributors get first priority in contract negotiations for fuel and scrubber installations.

HMM's CEO steps down

South Korean container carrier HMM's CEO, CK Yoo, will step down from his position as chief executive next month, informs the departing CEO in an e-mail to his colleagues.

HMM hit hard by bunker prices in 2018

HMM, Maersk and MSC's South Korean partner, took a clear hit from increasing bunker prices this past year, shows the liner company's financial report for 2018. Global trade conflicts impact expectations for 2019.

HMM defends future plans

South Korean HMM has a role to play in the container market of the future, according to a statement from the carrier regarding its future plans. The recent order of 20 mega vessels will help make sure of that.

This is how much state aid HMM could get in 2018

In 2018 alone, liner company HMM will receive a triple-digit million dollar figure from the South Korean state, reports media Pulse. South Korea's state aid for shipping companies and shipbuilders is met with fierce criticism from bodies such as the EU.

HMM secures subsidies for major order

South Korean container carrier Hyundai Merchant Marine is set to receive South Korean state subsidies for its major order on a number of new ships, write several media. Among other things, the money will be spent on vessels greater than 20,000 teu.

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