News / HMM and creditor bank mount PR offensive as carrier restructures

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Hyundai Merchant Marine (HMM) and its main creditor, the Korean Development Bank (KDB), have released a statement designed to boost shipper confidence in the carrier.

The state-owned bank said that HMM’s improved credit rating and increased carryings on the transpacific tradelane was a “positive sign” that the carrier was “gaining financial stability”.

The statement was released ahead of the launch of HMM’s standalone, three-string Asia-US west coast services in April, following its exit from the G6 alliance.

It reiterates a previous advisory concerning the ...