SEOUL, Aug. 8 (Korea Bizwire) — HMM Co., South Korea’s leading container shipper, is forecast to see its record-breaking earnings streak take a breather for the second quarter of the year due to a downturn in freight rates, analysts said Monday. The shipper’s bottom line is estimated to reach 4.84 trillion won (US$3.71 billion) for [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s leading container shipper HMM Co. said Thursday that it will invest 15 trillion won (US$11.4 billion) over the next five years to increase its capacity and secure diverse strategic assets as part of its efforts to become a top-tier global shipping company and achieve sustainable growth. Of [...]
SEOUL, July 7 (Korea Bizwire) — HMM Co., South Korea’s leading container shipper, said Thursday it has obtained a global certification for its efforts to promote workplace safety and workers’ health. HMM said it has secured the top certification for its occupational health and safety management system from the International Organization for Standardization (ISO). The [...]
SEOUL, May 13 (Korea Bizwire) — South Korea’s leading container shipper HMM Co. said Friday its first-quarter earnings rose nearly twentyfold from a year earlier amid high freight rates. Net profit stood at 3.13 trillion won (US$2.43 billion) in the January-March period, compared with a net profit of 154.06 billion won a year earlier, the [...]
SEOUL, Oct. 27 (Korea Bizwire) — South Korean shipper HMM Co. said Tuesday it had introduced internet-of-things (IoT) technology for reefer (refrigerated) containers and will launch a pilot project for testing. Thus far, to provide temperature information on reefer containers to shippers, the company had to rely on its seafarers who needed to check the [...]
SEOUL, Sept. 28 (Korea Bizwire) — South Korean shipping lines are expected to chalk up record earnings for the third quarter of the year thanks to surging freight rates, a market tracker said Tuesday. HMM Co., South Korea’s largest container shipper, is projected to post a consolidated operating income of 1.82 trillion won (US$1.54 billion) [...]
SEOUL, Sept. 9 (Korea Bizwire) — HMM Co., South Korea’s biggest shipping company by sales, has teamed up with Samsung Heavy Industries Co., a major shipyard, to conduct research on eco-friendly smart vessels. The company announced on Tuesday that it had signed a memorandum of understanding (MOU) with Samsung Heavy to carry out research on [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea’s leading shipper HMM Co. is stepping up efforts to reduce the emission of greenhouse gases from its ships. HMM signed a memorandum of understanding (MOU) with the Korea Bio Energy Association, Hyundai Heavy Industries Co., Korea Shipbuilding & Offshore Engineering Co., and the Korean Register of Shipping [...]
GEOJE ISLAND, Aug. 12 (Korea Bizwire) — Hundreds of workers put the final touches on the St. Petersburg, one of the world’s largest container ships, at a shipyard in southern South Korea this week as the Asian country pushes to revive its shipping industry. The workers tested marine and electrical systems of the vessel with [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s leading shipper HMM Co. said Monday that it has signed a deal to sell a 50 percent minus one share stake in a container terminal in Spain to French shipping giant CMA CGM for 58.9 billion won (US$49.5 million). HMM said it will set up a joint [...]