HMM
HMM
South Korea's leading container shipping line.
Latest News
HMM's Fortunes Still Ride on the Freight-Rate Cycle, Investors Told
An investor-focused review of HMM says the South Korean container carrier's earnings remain tightly bound to freight rates, vessel utilization and global trade volumes, with the spread between contract and spot rates the decisive swing factor.
HMM Opens MA2 Feeder Service Linking Spain to West Africa
South Korea's HMM has launched its new MA2 container service connecting the Spanish port of Algeciras with major West African hubs, the first route built around its 'Hub & Spoke' strategy.
Hormuz Strait Control Lifts Korean Shipping Stocks; HMM Climbs 3%
Korean shipping shares rallied after Washington moved to assert control over the Strait of Hormuz, with HMM gaining as much as 3% and oil prices spiking on renewed US-Iran tensions.
HMM's Damaged Bulk Carrier Namu Set to Leave Strait of Hormuz in July
South Korea's Oceans Ministry said the HMM-operated bulk carrier Namu, its hull damaged in a May attack that Seoul linked to an Iranian anti-ship missile, will exit the Strait of Hormuz in mid-July once repairs are done.