HMM News

On March 27, 2019, HMM has appointed Mr. Jae-hoon Bae as President & CEO of HMM. Mr. Bae’s appointment was approved by the Board of Directors, followed by the 43rd regular shareholders meeting of the company, which was held at HMM headquarters, Seoul. On March 7, the CEO recommendation committee led by Korea Development Bank selected Mr. Bae as the final candidate for the next HMM CEO following a comprehensive candidate examination. Before his formal appointment, Mr. Bae cam...

HMM announced on January 31 that it will develop the cloud-based next-generation IT system under the tentative name “New-GAUS 2020” in 2020. “New-GAUS 2020” is the shipping and logistics system to be independently developed by HMM and is a project that increases efficiency and convenience by rebuilding the existing "GAUS" (Global Advanced &Unified System) as a cloud-based IT system. To this end, HMM will sign the main contract with Oracle and start developing it in e...

On January 30, 2019, HMM announced that it held a signing ceremony for the ‘PSA-Hyundai Pusan New Port (PHPNT) Pier 4’ sales contract. Over 100 participants joined the signing ceremony hosted at the PHPNT office in Pusan, including Young-Choon Kim (Minister of Oceans & Fisheries of Korea), Kichan Nam (President Busan Port Authority), C. K. Yoo (HMM President & CEO), and Roger Tan Keh Chai (PSA Regional CEO Northeast Asia). Sales contract details HMM becomes co-owner of PSA...

HMM held a naming ceremony for a 300,000 dwt Very Large Crude Oil Carrier (VLCC), the ‘Universal Leader’, at the Daewoo Shipbuilding & Marine Engineering (DSME)’s Okpo shipyard in Geoje, Korea. About 100 distinguished guests attended the ceremony including C.K. Yoo (President & CEO of HMM), Ho Seon Hwang (President of Korea Ocean Business Corporation: KOBC), and Sung Leep Jung (President & CEO of DSME). Delivery of VLCCs All vessels are equipped with a scrubber s...

On September 28th, HMM signed the formal contracts for its twenty eco-friendly mega containerships with three shipyards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries (HHI), and Samsung Heavy Industries (SHI). DSME and SHI will build seven and five 23,000 TEU containerships, respectively, which are expected for delivery in the second quarter of 2020. HHI will construct eight 15,000 TEU containerships to be delivered in the second quarter of 2021. The Ceremonies...

HMM announced that its cargo processing at Busan Port for January to July 2018, has hit a new record. Processed cargo during the first seven months of this year reached 1,157,980 TEU, an increase of 14.3 percent year-over-year. Increased service The transit cargo volume increased from 473,341 TEU to 541,926 TEU, up 14.5% year-over-year The volume of exports and imports has recorded 608,872 TEU, a soaring 14.1% year-over-year. Also, the transit cargo volume increased from 473,341 TEU to 541,9...

HMM held a launching ceremony for a newly-built 11,000 TEU containership, HMM PROMISE in Busan in front of about 100 concerned persons, including C.K. YOO (HMM CEO), Hyun-Soo Bong (Hanjin Heavy Industries & Construction), and Buwon Kang (Busan Port Authority). HMM PROMISE and her sister ship, HMM BLESSING which was also recently delivered to HMM were equipped with scrubber systems to significantly reduce sulfur emission. The scrubber system was retrofitted to the ship after she was delivere...

HMM has signed its letter of intent for its mega containership orders with three shipyards – Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME), and Samsung Heavy Industries. Since HMM sent out a Request for Proposal (RFP) to shipbuilding companies on April 10, HMM has considered all the conditions for newbuilding including delivery date and price of new ships suggested by shipbuilders, and finally selected three shipbuilders to sign a Letter of Intent (LOI) for...

HMM announces that it is adopting a cloud-based next-generation system. Cloud system is an information technology that is actively embraced in various industries, but concerns persisted as to various risks such as data security and leakage. However, as to the enhanced level of security, stability and cost-saving effects of cloud systems compared to the on-premise systems – where the user owns and voluntarily manages the server, data center, and resources – cloud adoption has been gr...

HMM announces that it launches a new Asia-North Europe Express (AEX) service in April. HMM opens a new Asia-North Europe loop in accordance with the increased demand for Express Service. AEX is an independent service operated by HMM outside of the strategic cooperation with 2M. In the meantime, HMM has utilised 2M’s vessel space in Europe trade. Last year, HMM’s handling volume dramatically increased to 4.03 million TEU, up more than 30% y.o.y mainly in Asia, US and Europe trades....

HMM has announced that its handling volume of US Premium Service has reached over 10,000 TEU, as of the end of January 2018. Since May 2017, HMM has provided US Premium Service in PS1, PS2, and PN2 routes, connecting Asia’s main ports with the US west coast, including Los Angeles and Tacoma. US Premium service With the Asia-US West Coast Premium service, customers can secure reliable cargo loading space, even in the peak season and have priority to discharge their cargoes, at the destina...

HMM has announced that it is beginning its cooperation with Singapore-based carrier, Austral Asia Line (AAL), for Multi-Purpose Vessel (MPV) service. As per this cooperation, HMM & AAL will start joint service for 4 MPVs in HMM’s operation, as well as newly added 2 AAL A-Class vessels. Multi-Purpose Vessel (MPV) service HMM, one of Korea’s major operators of MPVs, will be deploying six vessels in the Asia - Middle East region HMM, one of Korea’s major operators of MPVs,...

HMM has inked a long-term crude oil shipping contract, worth KRW 190 billion, with GS Caltex. Under the shipping deal, which was signed on February 1, 2018, HMM will transport a total of 19 million tons of crude oil, from the Middle East to South Korea, over a period of 5 years, starting from July 1, 2019 to August 31, 2024. HMM - GS Caltex partnership HMM plans to deploy two 300,000 DWT Very Large Crude Carriers (VLCC), previously ordered in September 2017 Accordingly, HMM plans to deploy tw...

HMM announces that it started its first ‘ultra-freezer’ service from Busan, Korea to Barcelona, Spain, based on its rich experience in the high-tech reefer container service. Ultra-freezer service refers to the transportation of goods in -60ºC, which are above the limit of regular reefer containers (-35ºC to -40ºC). High technology and skilled personnel are also needed in the ultra-freezer service, as ultra-freezer containers need to maintain a very low temperature du...