SEOUL, Sept. 26 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co. said Thursday it has joined forces with South Korea’s top shipping firm Hyundai Merchant Marine Co. to develop smart ship technologies. The two sides will collaborate in developing various technologies used for smart ships, such as real-time monitoring and automation systems, according to [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korean shipping line Hyundai Merchant Marine Co. secured a 50 percent stake in a Busan terminal for a joint ownership with Singapore-based PSA International, the ocean ministry said Monday. The Ministry of Oceans and Fisheries said Hyundai bought back the stake of the Hyundai Pusan New-Port Terminal (HPNT), [...]
SEOUL, Sept 19 (Korea Bizwire) — Hyundai Merchant Marine Co., South Korea’s top shipping firm, is seeing its business performance improve sharply on the back of reduced costs and increased profit, its chief said Tuesday. “Compared to last year, our performance is improving significantly, based on a virtuous cycle of reduced costs and expanded profit,” [...]
SEOUL, Aug. 11 (Korea Bizwire) – Hyundai Merchant Marine Co., South Korea’s top shipping firm, said Friday that it continued to suffer an operating loss in the second quarter of the year due to still lower freight rates. Its operating loss reached 128 billion won (US$112 million) in the April-June period, the company said in a [...]
SEOUL, March 24 (Korea Bizwire) – Embattled shipper Hyundai Merchant Marine Co. is faced with a series of hurdles toward its normalization as some of its creditors oppose extending part of its maturing debts and its efforts to cut rates paid to the owners of chartered ships made little progress, industry sources said Thursday. According to [...]