Hyundai Merchant and shipowners agree on new contracts
Hyundai Merchant Marine has secured agreements with five container shipowners to reduce contract charter rates by 20 percent. Dry bulk shipowners also express willingness to slash contracted rates further, informs the shipping group.
BY KATRINE GRØNVALD RAUN
South Korea's Hyundai Merchant Marine (HMM) has now finally agreed with a series of shipowners to reduce charter rates, informs the carrier. A total of five shipowners have agreed to adjust contracts by 20 percent.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Major HMM shareholders reduce capital
For subscribers
HMM wraps negotiations with bondholders
For subscribers
Media: Hanjin is getting nowhere in rate negotiations
For subscribers
.jpg&w=384&q=75)
