HMM News
In a major push toward decarbonising maritime logistics, President Jae-young Byeon of the Ulsan Port Authority (UPA) and Chief Executive Sun-bae Hong of the Korea Maritime Cooperation Centre (KMC) jointly announced the successful conclusion of the “2nd Forum on the Commercialisation of Biofuels for Maritime Vessels,” held on 23 April at the Caradium Hall of the PJ Hotel in Seoul. The forum, hosted by the Ministry of Oceans and Fisheries and co-organised by UPA and KMC, drew around 3...
National Maritime, in partnership with the University of Greenwich, will host a two-day conference and exhibition exploring sustainable practices and business opportunities in the maritime realm. The 4th Society & the Sea International Conference 2024 will take place on the 9th and 10th of September 2024 in the UNESCO World Heritage Site of Maritime Greenwich. The theme of the conference is ‘To be truly blue, we must also think green: developing a sustainable blue economy needs b...
KR has announced the successful installation of an onboard carbon capture system (OCCS) with purely domestic technology, and it will soon undergo internal verification testing. Risk assessment and application The project began in April 2023 as a collaborative effort with HMM, Samsung Heavy Industries (SHI), and PANASIA. As a result of this collaboration, the system was installed on the 2,200 teu container ship, HMM Mongla. KR conducted the risk assessment and application of relevant regulatio...
From the 1st of October 2024, container cargo from Africa, the Middle East, India and Pakistan can only be collected via the Secure Chain in the port of Rotterdam. Starting from this date, the major shipping lines will no longer issue PIN codes. Containers from these sailing areas will always be securely and reliably released via the new approach. Only hauliers, rail operators and barge operators that have been authorised via the Secure Chain are able to access the terminals. The introduction f...
HMM, Korea's largest and the world's eighth-largest container carrier, has announced a strategic partnership with CargoX, a pioneering provider of electronic trade document solutions. This collaboration introduces electronic bill of lading (eBL) features on the HMM digital service platform. Through this partnership, HMM customers will benefit from the advanced functionalities of the CargoX Platform, which will be integrated into HMM's digital services. This integration aims to modernise and str...
Chinese yard, Guangzhou Shipbuilding International (GSI), has received an order for 4 × MAN B&W 8S60ME-GI engines in connection with the building of 4 × 10,800 CEU Pure Car and Truck Carriers (PCTCs) for South Korean shipping owner, HMM Co. Ltd.. CSIC Diesel Engine Co. Ltd (CSE) will build the Mk10.5 dual-fuel -GI (-Gas Injection) engines in China, which will feature Exhaust Gas Recirculation (EGR) emissions-reduction technology for Tier III NOx compliance. MAN B&W 8S60ME-G...
As of the 31st of March 2024, all import containers arriving in the port of Rotterdam from Latin America will only be securely and reliably released via the Secure Chain. The new operational approach creates a closed logistics chain that solely comprises familiar, authorised parties. The Secure Chain is part of a broader approach deployed by the public and private sectors to present a united front against drug crime in the port of Rotterdam. Susceptible to potential abuse In the Secure Chain...
The global shipping regulator, the UN International Maritime Organisation, has set a target of net-zero carbon emissions by 2050 for the industry, and now needs to develop climate regulations by 2025 that make it possible to reach that target. A core challenge is how to craft a global greenhouse gas pricing regulation that can bridge the price gap between the cleanest fuels and fossil fuels, driving investments in green fuels, without imposing an outsized cost on the global economy. As member...
ABS signed a memorandum of understanding (MOU) to work with key stakeholders in Korea to develop and demonstrate a 3D printing system for ocean-going vessels. Using a digital library for the design process, the system aims to support rapid maintenance, repair and operations (MRO) by using 3D printing, also known as additive manufacturing (AM), to manufacture parts on a vessel while at sea. Approval and certification process ABS joins project partners Ulsan Metropolitan City, Ulsan ICT Promoti...
HMM announced it was selected as the best-performing carrier, achieving the lowest carbon emission between Far East Asia and the U.S. West Coast in Q4 2022, based on the Carbon Emissions Index (CEI). Carbon Emissions Index (CEI) is published quarterly by Xeneta, a major ocean freight rate analysis firm, in partnership with Marine Benchmark, a data management specialist for the maritime industry. Carbon Emissions Index (CEI) CEI demonstrates the carbon intensity of shipping companies across 13...
HMM announced that it has signed newbuilding contracts with Hyundai Samho Heavy Industries (HSHI) and HJ Shipbuilding and Construction (HJSC) for nine 9,000 TEU containerships powered by methanol dual-fuel engines. In July 2022, HMM unveiled a mid-to-long-term strategy to leap forward to be a global top-rated shipping and logistics company through enhancing fleet competitiveness. Methanol-powered containerships HMM has taken an initial step towards expanding its eco-friendly fleet using alter...
HMM has announced that the company has signed a Memorandum of Understanding (MoU) with PANASIA to collaborate on onboard carbon capture system for vessel application. Onboard carbon capture system is an advanced technology to capture CO2 (carbon dioxide) from greenhouse gas (GHG) emissions generated during vessel operation, ensuring it is not emitted into the atmosphere. This solution has the potential to play a significant role in reducing CO2 emissions. HMM and PANASIA sign MoU Under the te...
HMM announced that Kyung-bae Kim has been nominated for the new HMM CEO. HMM selected Kyung-bae Kim, the former Hyundai Glovis CEO, as the final candidate for the next HMM CEO. It came after the examination of multiple candidates was conducted by the CEO recommendation committee on 9 February. During the nominating process, a range of competencies, including leadership skills, global capability, and expertise, have been comprehensively considered to find the most suitable candidate. Playing si...
HMM has signed new building contracts with Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI) for twelve 13,000 TEU container vessels, at a total cost of USD 1.57 billion. Under the agreement, DSME and HHI will build six vessels, respectively, scheduled for delivery in the first half of 2024. All ships will be installed with hybrid scrubbers and designed to be LNG-ready. Energy-efficient technologies An HMM official said, “Our newly ordered conta...
HMM has announced that the company transported 23 TEU of containers, carrying medical oxygen supplies, since it started delivering COVID-related medical devices to India, on May 12, 2021. The medical oxygen supplies mainly include medical grade oxygen, oxygen tanks, oxygen bottles, oxygen concentrators, steel pipes to manufacture oxygen cylinders, and associated equipment. Medical equipment supply for India As part of collaboration efforts to reduce the spread of COVID-19 infection in India,...
HMM has announced that it plans to transport any containers carrying the COVID-related medical devices and emergency relief supplies bound for India, contributing to overcoming the extreme situation in the country. Medical devices for COVID-hit India The medical devices mainly include medical oxygen supplies, such as medical grade oxygen, oxygen tank, oxygen bottles, oxygen concentrators, steel pipes for manufacturing oxygen cylinders and associated equipment. HMM has decided to impose merely...
HMM announced that HMM Nuri, the first of eight 16,000 TEU-class new container-ships, has been entirely filled with cargoes on her first voyage. On 6 April, HMM Nuri departed the Port of Singapore with 13,438 TEU loaded on board. Considering the safety of vessel operations and cargo weight, the maximum loadable capacity of each 16,000 TEU ship stands at around 13,300 TEU on average. Maximum loadable capacity Among 37 voyages, HMM has achieved 36 voyages with a full load of cargoes HMM Nuri w...
HMM is pleased to announce that HMM Nuri, the first of eight 16,000 TEU-class newbuild containerships, starts its first voyage from the port of Busan in Korea. HMM’s 16,000 TEU container vessels have been built at the Ulsan shipyard of Hyundai Heavy Industries (HHI) and are scheduled to be delivered from this March throughout the second quarter of 2021. HMM Nuri’s deployment HMM Nuri will be deployed on the Far East Europe 4(FE4) route under THE Alliance’s product plan HMM...
HMM announced that its entire twelve 24,000 TEU containerships have been filled with cargoes on their first voyage. On 30 September 2019 HMM St. Petersburg, the last of the 24K-class series, departed for Europe from the Port of Yantian, China with 19,529 TEUs loaded on board. Maiden voyage Consequently, all 24,000 TEU ships delivered by HMM have made their maiden voyage with a full load of cargoes, starting with HMM Algeciras which carried a total of 19,621 TEUs last May. In particular, HMM A...
HMM unveiled its land-based ‘Fleet Control Centre’ located at the HMM R&D facilities in Busan, South Korea. This centre has been newly designed to effectively monitor and control the operation of HMM’s modern fleet including twelve 24,000 TEU and eight 16,000 TEU container vessels. HMM has completed the delivery of its twelve 24,000 TEU containerships in September 2020, while eight 16,000 TEU vessels will be included in its fleet in the second quarter of 2021....
HMM has signed a Memorandum of Understanding (MoU) with Samsung Heavy Industries (SHI) on smart ship technology. Under the MoU, HMM and SHI will collaborate in the research, development, and innovation in the field of smart ship solutions. The MoU mainly covers the development of eco-friendly technologies applicable for smart ships and the enhancement of technical competence related to the digitalisation of ships. Cloud-based ‘SVESSEL’ HMM has adopted ‘SVESSEL’, the mo...
HMM announced that the company has signed sales and purchase agreement with CMA CGM for the sale of its 50% stake, minus one share, in the Total Terminal International Algeciras (TTI Algeciras), a container terminal in the south of Spain. 50% stake sale of TTI Algeciras Shares of TTI Algeciras are owned by HMM and HT Algeciras, which is a special purpose company that is wholly controlled by HMM. HMM directly owns a stake of 50% minus one share, with the remaining 50% stake plus one share held...
HMM, the South Korean shipping company, launches the first in a series of 12 ultra-large containerships that will each feature individual MAN B&W G95ME-C10.5 low-speed main engines. At 23,964 teu, the ‘HMM Algeciras’ is the world’s largest containership and is bound for a working life between Asia and Europe. While the engine’s power delivery has been adjusted downwards to achieve optimal fuel consumption, the ME-C Mk 10.5 type is capable of delivering 6,870 kW per c...
HMM held a naming ceremony for a 24,000 TEU-class containership ‘HMM Algeciras’, the world’s largest containership, at the DSME (Daewoo Shipbuilding & Marine Engineering)’s Okpo shipyard in Geoje, Korea. Distinguished guests attending the ceremony About 160 distinguished persons attended the ceremony, including Moon Jae-in (President of the Republic of Korea), Hong Nam-ki (Deputy Prime Minister and Minister of Economy and Finance), Moon Seong-hyeok (Minister o...
HMM announced that the company has decided to stop using the name ‘Hyundai Merchant Marine’ as its official corporate name and brand, starting on 1 April 2020. The decision was approved at the 44th Annual Shareholders Meeting of the company, which was held at HMM headquarters, in Seoul, South Korea, on 27 March. The name ‘Hyundai Merchant Marine’ has been used for 37 years, since the company changed its name from the ‘Asia Merchant Marine’ in 1983. ‘HMM...
HMM is closely working together with DSME on the research, development, and innovation in the field of smart ship technologies. MoU agreement The MoU (Memorandum of Understanding) signed by two parties includes: Research on real-time service systems based on IoT (Internet of Things); Design on-shore platform for optimised fleet operation; Development of automated warehousing systems for ship materials; Development of economic navigation solutions. Smart ship solution HMM promote inno...
The South Korean container liner shipping company Hyundai Merchant Marine (HMM) will join THE Alliance as a full member. Through this, the members of THE Alliance have also decided to establish new cooperation with four members and a term until 2030. The actions were agreed upon in Taipei on 19 June 2019. Subject to the necessary regulatory approvals, the new contract between the four lines will start on 1 April 2020. New and modern vessels HMM has ordered twelve 23,000 TEU vessels which will...
The HMM vessel ‘Hyundai Dubai’ rescued all 23 crew members of the Norwegian tanker ‘Front Altair’ which encountered an explosion accident in the Strait of Hormuz. According to the ‘Hyundai Dubai’, the three rounds of explosion occurred at 06:40 a.m. and the captain of the ‘Front Altair’ sent the distress signal with urgency to ‘Hyundai Dubai’, which was passing nearby. In response, ‘Hyundai Dubai’ safely rescued all 23 cr...
HMM (CEO Jae-hoon Bae) announced the launch of its new Corporate Identity (CI) to reflect its vision and ambition to take a leap forward to a bright future. The new CI features the pride of Korea’s national flagship carrier as well as an intuitive grasp of the shipping business. The blue HMM letter embodies the shape of the front of a large ship crossing the ocean, and the red line on top represents the rising sun on the horizon where the ship is sailing. Making fresh resolution ...
HMM (CEO Jae-hoon Bae) announces it's joining of the Digital Container Shipping Association (DCSA) with CMA CGM, Evergreen, Yang Ming and ZIM as members. CMA CGM was confirmed to be a founding member of DCSA and hence, will become a part of the Supervisory Board, in addition to A.P. Moller – Maersk, Hapag-Lloyd, MSC and ONE. Pending regulatory approval The other four ocean carriers, HMM, Evergreen, Yang Ming and ZIM, are pending regulatory approval. With nine of...
