Korea Joongang Daily
Korea JoongAng Daily

HMM, Korea's top shipper, sees earnings jump

HMM, Korea's leading shipper, reported a third quarter net profit increase of over 18% due to rising shipping rates related to geopolitical tensions, reaching 1.74 trillion won, up from last year's 95.4 billion won.

2024-11-13

Harim Group will 'consider' second bid for HMM if sale process resumes

Harim Group's chairman said Wednesday that he would consider acquiring HMM, the nation's top container shipper, if it were put up for sale again.

2024-10-16

HMM signs $137 million oil shipping contract with S-Oil

HMM inked a five-year crude oil shipping contract with S-Oil worth some 180 billion won ($136 million).

2024-10-01

HMM to invest 23.5 trillion won in bid to become green shipping giant

HMM, Korea’s largest container shipper, announced plans to invest 23.5 trillion won ($17.5 million) by 2030, with 14.4 trillion won dedicated to environmentally friendly facilities to bolster the company's efforts to become a green shipping giant.

2024-09-10

Shipping firm HMM deploys new carbon capture system on vessels

HMM, Korea’s largest container shipper, deployed new proprietary technology in the voyage of 2,200 TEU (twenty-foot equivalent unit) container ships, aimed at reducing greenhouse gas emitted during ship operations.

2024-07-02

KDB calls for doubling limit on capital to fund industrial support program

The Korea Development Bank has urged policymakers to raise the legal cap on its capital stock to 60 trillion won to facilitate a 100 trillion won industrial support program.

2024-06-11

Discussions underway to restart sale of nation’s top container shipper

Oceans Minister Kang Do-hyung said Thursday his ministry has been in discussions with relevant authorities with regard to restarting the sale process for HMM Co., Korea’s top container shipper.

2024-03-14

Oceans Ministry says there are no plans to sell state-backed HMM

The Oceans Ministry said there are no plans to resell the nation's largest container shipper after an acquisition by Harim fell through.

2024-03-07

Harim's $4.9 billion HMM acquisition off after sides fail to reach deal

Negotiations for the 6.4 trillion won ($4.9 billion) sale of Korea's largest shipper, HMM, to local poultry processor Harim, have collapsed after seven weeks of talks failed to yield an agreement on acquisition terms.

2024-02-07

Deadlock looms over $4.9 billion HMM sale as negotiation deadline nears

The once-delayed 6.4 trillion won ($4.9 billion) sale of HMM faces a deadlock as primary creditors and the preferred bidder — a consortium of Harim and JKL Partners — remain at odds over acquisition conditions ahead of Tuesday’s negotiation deadline.

2024-02-05