HMM steams in with early (for box shipping) adoption of eB/Ls
South Korean state enterprise-owned shipping line HMM has this week committed to adopting electronic bills ...
Five years after saving South Korea’s HMM from the brink with a debt-for-equity swap, Korea Development Bank says it will unload its stake in Korea’s flagship liner operator.
KDB chairman Lee Dong-gull disclosed the planned sale at a press conference yesterday to mark the fourth anniversary of his inauguration.
In 2016, HMM was facing bankruptcy after years of losses and, as part of its self-rescue plan, the carrier renegotiated its long-term vessel charter contracts, reducing charter rates by as much as 21%.
KDB, ...
Chaos now rules the container shipping market, says Yang Ming CFO
US Logistics Solutions files for liquidation, with significant job losses
Maersk sets new chartering record with deal for $150,000 a day
Forwarders 'being squeezed' as spot and contract rates move further apart
More ships and more containers needed for 'feverish' box shipping sector
MSC and CMA CGM roll out new shuttle services as intra-Asia rates soar
Demand for air freight 'perking up', but this puts pressure on capacity
Idle containership fleet dips to pandemic era lows as carriers hunt tonnage
Comment on this article