Search results for: Hyundai Merchant Marine

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  • 21 February 2019
    Business & Finance

    HMM president and CEO to resign from his position next month.

  • 12 February 2019
    Business & Finance

    HMM expects uncertainty over cargo volumes to continue in 2019 due to global economic factors.

  • 11 January 2019
    Business & Finance

    Yoo: 2020 will be a year of quantum leap for Hyundai Merchant Marine.

  • 15 May 2017
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) posted an operating loss of KRW 131.2 billion (USD 117 million) in the first quarter this year, narrowed from the previous year’s KRW 163 billion, according to the company’s stock exchange filling.  Furthermore, the shipping company’s sales were up by 13.6 percent standing at KRW 1.302 trillion when […]

  • 14 December 2011

    Hyundai Merchant Marine closed on a $500 million debt facility on Tuesday from a syndicate of financial institutions led by DNB Bank. In order to fund the construction of five ultra-large container vessels being built at Daewoo Shipbuilding & Marine Engineering and planned to be delivered throughout 2014, HMM will utilize the loan from the […]

  • 20 May 2019
    Business & Finance

    Hyundai Merchant Marine launches its new corporate identity to elevate brand equity.

  • 30 October 2018
    Business & Finance

    HMM targets building up its capacity to 1 million TEUs and posting USD 10 billion in annual revenue by 2022.

  • 13 October 2017
    Business & Finance

    Hyundai Merchant Marine (HMM) is targeting to raise KRW 693.6 billion (USD 614 million) from a sale of shares, the company said in a regulatory filing on Friday. The sale would be split in two, an offering of KRW 400 billion and KRW 293.6 billion. The company plans to invest the proceeds from the sale […]

  • 13 October 2017
    Business & Finance, Rules & Regulation

    The forthcoming environmental regulations are likely to affect the global container shipping industry in an unprecedented manner, C. K. Yoo, President and CEO of Hyundai Merchant Marine (HMM) said in a keynote address at TMP Asia 2017. Referring to the Ballast Water Management Convention and Low Sulfur regulations taking effect from 2020, Yoo voiced his concern […]

  • 3 January 2018
    Business & Finance

    HMM intends to double its vessel capacity by 2022 as part of the company’s long-term plan.

  • 10 August 2011

    Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ( approx USD… By Ju-min Park (reuters) [mappress] Source: reuters, August 10, 2011;

  • 27 April 2015
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) has decided to cancel order for two dry bulk carriers placed in 2013. The ships were ordered based on a long-term charter agreement with a third party, HMM disclosed in a Korea Stock Exchange filing. HMM added that the reason behind the cancellation was the failure of the vessels’ […]

  • 27 March 2019
    Business & Finance

    South Korean shipping major HMM appointed a new President & CEO on March 27, 2019.

  • 16 April 2015
    Business & Finance

    South Korean Hyundai Merchant Marine (HMM) is reported to be in talks with Taiwanese securities house Yuanta on the sale of the shipping company’s bulk shipping division. The contract is estimated to be worth up to 350 billion Korean won (USD 315 million), according to the Seoul Economic Daily. HMM has a fleet of 13 bulkers and expects […]

  • 22 October 2013

    Hyundai Merchant Marine (HMM) has made a decision to invest around $53 million in the construction of two new kamsarmax bulk carriers. The decision to exercise an option for two 82,000 dwt bulkers was announced yesterday in a stock exchange filing. The vessels will cost about $26.4 million each, with the delivery scheduled for for 2016. Besides […]

  • 10 April 2018
    Business & Finance

    HMM’s long-awaited mega-boxship order initiated.

  • 1 July 2019
    Business & Finance

    THE Alliance members are also to renew their cooperation and extend the partnership for ten years until 2030.

  • 21 March 2019
    Business & Finance

    Hyundai Merchant Marine signed an MoU to establish a win-win fund for scrubber installation.

  • 10 November 2017
    Business & Finance

    Pressured by increased fuel costs and low freight rates, South Korean shipping company Hyundai Merchant Marine (HMM) continued to deliver net and operating losses in the third quarter. The company’s net loss for the quarter ended September 30 stood at KRW 60.3 billion, marking an improvement from a net loss of KRW 173.7 billion reported […]

  • 11 August 2017
    Business & Finance

    South Korean container carrier Hyundai Merchant Marine (HMM) managed to narrow its operating loss to KRW 128.1 billion (USD 111.8 million) in the second quarter of 2017 from KRW 254.3 billion (USD 222 million) recorded in the same period a year earlier. The company’s operating loss in container business stood at KRW 96.2 billion, improved […]

  • 1 September 2017
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) is moving forward with its plans to modernize fleet and has set sights on adding seven ships with options for five more. Specifically, HMM will acquire two large container vessels at a 10% lower price than the current market price as it eyes to bolster its fleet competitiveness. […]

  • 10 April 2017
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) has signed a letter of intent (LOI) with compatriot shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000 dwt very large crude carriers (VLCCs), with an option of five more vessels.  “We currently operate twelve VLCCs which have been foundational to stable profits and enhancing […]