HMM

Carriers defend new street turn charges shippers say are ‘insane’

Shipping lines have defended what shippers described as “insane” charges for ‘street turns’, claiming customers will ultimately save on costs. 
Last week, shippers slammed the charges announced by ZIM, HMM, SM Lines and Maersk of between $40 and $75 for containers which are fully used in both directions.  
However, a spokesperson for ZIM said: “ZIM is affording truckers of its cargo the option of street turn moves as this helps reducing congestion and emissions.  
“The related charge …

The post C...

https://theloadstar.co.uk/carriers-defend-new-street-turn-charges-shippers-say-are-insane/

With new ULCVs on the horizon, another Asia-Europe loop was ‘inevitable’

With its member lines receiving a large number of newbuild ULCVs this year the addition of a seventh loop between Asia and North Europe by the Ocean Alliance was “inevitable” said Drewry.
While the 2M rival alliance has opted to accommodate six extra newbuild ULCVs into its network revamp by slowing vessel speeds and cutting port calls in order to allow more buffer time in schedules and thereby to improve reliability, …

The post With new ULCVs on the horizon, another Asia-Europe loop was...

https://theloadstar.co.uk/with-new-ulcvs-on-the-horizon-another-asia-europe-loop-was-inevitable/

US shipper fury as container lines announce ‘insane’ street turn fees

US  agricultural shippers and forwarders have lashed out at “insane” and “appalling” “huge mistake” by shipping lines, which will impose a “street turns” fee next month.
Carriers including Zim and HMM have announced that, from February 4, they will impose charges of between $40 and $75 for containers which are fully used in both directions.
Round trips, or street turns, reduce congestion, emissions, demand for container and chassis supply and cut costs. But, …

The post US shipper fury as...

https://theloadstar.co.uk/us-shipper-fury-as-container-lines-announce-insane-street-turn-fees/

HMM Starts China-India Express Service, Calls At PSA’s Bharat Mumbai Container Terminals

HYUNDAI MERCHANT MARINE STARTS CHINA INDIA EXPRESS SERVICE CALLS

On 2 January 2019, PSA’s Bharat Mumbai Container Terminals Private Limited (“BMCT”) welcomed the first regular service call of Hyundai Merchant Marine (“HMM”)’s China India Express (“CIX”) service. The 8,562 TEU (twenty-foot equivalent unit) capacity “M.V. Hyundai Loyalty” is one of six vessels deployed on this service connecting BMCT to key Far East markets with the following port rotation: BMCT – Mundra – Karachi – Port Kelang – Singapore – Hong Kong – Gwangyang – Busan – Shanghai – Ningbo –...

https://www.marineinsight.com/shipping-news/hmm-starts-china-india-express-service-calls-at-psas-bharat-mumbai-container-terminals/

HMM and PSA International launch Express Service collaboration

On 2 January 2019, PSA’s Bharat Mumbai Container Terminals Private Limited (“BMCT”) welcomed the first regular service call of Hyundai Merchant Marine (“HMM”)’s China India Express (“CIX”) service. The 8,562 TEU (twenty-foot equivalent unit) capacity “M.V. Hyundai Loyalty” is one of six vessels deployed
on this service connecting BMCT to key Far East markets with the following port rotation: BMCT – Mundra – Karachi – Port Kelang – Singapore – Hong Kong – Gwangyang – Busan – Shanghai – Ningbo –...

http://container-news.com/hmm-psa-international-express-service-collaboration/

The HMM’s future plan

Eco-friendly mega containerships are HMM’s global competitiveness

In September, HMM ordered twenty eco-friendly mega containerships, including twelve 23,000 TEU and eight 15,000 TEU vessels. With the vessel deployment in 2020, HMM expects that fixed costs will significantly decrease, fuel efficiency will largely improve, and that bunker costs will moderately decrease through installed scrubber systems for compliance with IMO 2020 environmental regulations. The timely deployment with this...

http://container-news.com/hmm-future-plan/

Maersk vessel’s arrival marks start of 2M service at London Gateway

The Maersk Mc-Kinney Moller arrived at DP World London Gateway on November 29, the first vessel on the AE7/Condor service to call at the port.

The flagship Maersk Line vessel, which is 399 metres long and able to hold 18,270 twenty-foot equivalent container units, berthed on the River Thames in the early hours of the morning on Thursday (November 29).

2M, the largest container shipping alliance in the world, announced earlier this month that this particular Asia-Europe service would begin calling...

http://container-news.com/maersk-vessel-arrival-start-2m-service-london-gateway/

HMM launched Japan-Straits service

Hyundai Merchant Marine (HMM) introduced on 27 November a dedicated weekly service connecting the main ports of Japan with Port Kelang and Singapore in the Straits.

The new service will be offered through slots on the APL’s “Japan Straits Express” (JSX). CMA CGM, Cheng Lie and COSCO will also take slots on JSX service.

The port rotation will be: 

Yokohama – Tokyo – (Omoezaki offered only by CMA CGM) – Nagoya – Kobe – Singapore – Port Kelang – Yokohama

The post HMM launched Japan-Straits service...

http://container-news.com/hmm-japan-straits-service/

KDB to entirely reform HMM

Korea Development Bank (KDB) has vowed to carry out intense reform of Hyundai Merchant Marine (HMM) to normalize the ailing shipping firm’s management. KDB is HMM’s largest shareholder with a 13.13 percent stake.

The decision came after a due diligence submitted by Samil PricewaterhouseCoopers, which claimed HMM could be “capital impaired next year and the bailout requires at least 6 trillion won ($5.32 billion) by 2022.”

The due diligence also includes HMM’s debt, currently estimated at 2.54...

http://container-news.com/kdb-entirely-reform-hmm/

Korean maritime transport industry suffers

Despite a boom in the Korean transportation sector, sales of the Korean maritime transport industry plunged more than 10% in 2017. The industry has suffered a setback for five consecutive years since 2013. The Korean maritime transport industry’s cargo volume plummeted sharply as Hanjin Shipping, the nation’s No. 1 and the world’s seventh largest shipping company, finally went under in February of last year.

The Korean government’s support has not worked. Hyundai Merchant Marine (HMM) which is...

http://container-news.com/korean-maritime-transport-industry-suffers/

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