HMM and MSC join forces to buy Hanjin's US port stake

Hyundai Merchant Marine and Mediterranean Shipping Company join forces to buy Hanjin's interest in major US West Coast port operator Total Terminals International.

by LENA RUTKOWSKI

Hyundai Merchant Marine (HMM) will enter into a joint venture to buy a large terminal share held by fellow South Korean carrier, Hanjin Shipping, which entered recievership in late August.

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HMM and MSC join forces to buy Hanjin's US port stake

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Korea Line wants HMM on board in US terminal acquisition

2M picks up Hanjin's market shares on Asia-US

Hanjin Shipping's 141 vessels have now been emptied

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs