Hyundai Merchant Marine

Panama Canal To Allow Ships To Use The Maximum Draft Of Neopanamax Locks

Hyundai-Hope-Panama canal

The Panama Canal announced that as of 24th September, they will be able to transit with a draft of 50 feet, the maximum offered by the neopanamax locks, as a result of resource planning measures, efficient use of water and recent rains in its river basin.

“For the first time in 20 months, the interoceanic route has the capacity to allow ships to use the maximum draft of the Neopanamax locks, as a result of a combination of factors aimed at providing clients with a more profitable route for their...

https://www.marineinsight.com/shipping-news/panama-canal-to-allow-ships-to-use-the-maximum-draft-of-neopanamax-locks/

Dinosaurs, cavemen, trucks, ships and spacecraft – the broad life of Len Phillips

Pictured: Len Phillips; Photo by Jim Wilson and the former Lloyd’s List Australia / Lloyd’s List DCN

Len Phillips is the general manager at Hyundai Merchant Marine (Australia), which is one of Shipping Australia’s newer members.

Shipping Australia chats with Len about… well, just about everything! Len started off his career being fascinated, no, not with ships, but with dinosaurs and cavemen.

He explains that he was always interested in pre-history, which he studied along with anthropology before...

https://shippingaustralia.com.au/dinosaurs-cavemen-trucks-ships-and-spacecraft-the-broad-life-of-len-phillips/

World’s Largest Container Ship ‘HMM Algeciras’ Calls On Rotterdam

HMM Algeciras

The HMM Algeciras entered Rotterdam’s Amaliahaven on its maiden voyage to transfer containers at the terminal of RWG (Rotterdam World Gateway). Algeciras is the most recent vessel to rank as the world’s largest container ship.

At maximum capacity, the ship carries slightly more 20-foot containers than its predecessor MSC Gülsün: 23,964 TEU versus 23,756 TEU. During its maiden voyage, HMM Algeciras is carrying a total of 19,621 TEU on board – itself a record number.

The Korean vessel was completed...

https://www.marineinsight.com/shipping-news/worlds-largest-container-ship-hmm-algeciras-calls-on-rotterdam/

HMM Records Total Revenue Of KRW 1,313.1 Billion For Q1 2020

HMM Algeciras

Total revenue in Q1 2020 decreased 0.2% (- KRW 2.8 billion) YoY to KRW 1,313.1 billion and operating profit improved 98.1% (+ KRW 103.7 billion) YoY to KRW – 2 billion.

Net profit in Q1 2020 improved 63.2% (+ KRW 112.9 billion) YoY to KRW 65.6 billion.

Container handling volumes in Q1 2020 decreased 18.7% (- 0.2 million TEU) YoY to 0.89 million TEU due to the supply-side disruptions for five weeks, mainly in China.

Image Credits: hmm21.com

Despite negative impacts led by the spread of the COVID-19,...

https://www.marineinsight.com/shipping-news/hmm-records-total-revenue-of-krw-1313-1-billion-for-q1-2020/

Panama Canal Receives Inaugural Transit From Neopanamax Container Ship ‘Hyundai Hope’

Hyundai-Hope-Panama canal

The Panama Canal received the inaugural transit of the Hyundai Hope, a container ship of the shipping company Hyundai Merchant Marine, with dimensions Neopanamax.

The ship began its journey in the Cocolí Locks, in the Pacific, and ended in Agua Clara, in the Atlantic, as part of a journey that has its origin in the Asian continent, bound for the east coast of the United States.

Hyundai Hope belongs to THE Alliance’s East Coast 2 (EC2) service and has a capacity of 13,992 TEUs, which is the unit...

https://www.marineinsight.com/shipping-news/panama-canal-receives-inaugural-transit-from-neopanamax-container-ship-hyundai-hope/

World’s Largest Ship Departs On Maiden Voyage With Record 19,621 TEUs

World's-Largest-Ship-Departs-On-Maiden-Voyage-With-Record-19,621-TEUs_24000-teus

The world’s largest ship HMM Algeciras departed on its maiden voyage to Europe with a world record container load.

‘HMM Algeciras’ first entered the Busan New Port on the 28th of last month, loaded 7,156 TEU and departed on the 30th. After that, it arrived in Yantian on the 7th of this month via Ningbo and Shanghai, China, and headed to Europe with the largest shipment of 19,621 TEU on the 8th.

Algeciras is the world’s largest ship, capable of loading up to 24,000 containers of 6M length (1TEU),...

https://www.marineinsight.com/shipping-news/worlds-largest-ship-departs-on-maiden-voyage-with-record-19621-teus/

HMM Names World’s Largest Container Vessel, 24,000 TEU Giant, ‘HMM Algeciras’ At DSME Shipyard

‘HMM Algeciras’, the world’s largest container vessel

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.

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 of Oceans and Fisheries), Eun Sung-soo (Chairman of Financial Services...

https://www.marineinsight.com/shipping-news/hmm-names-worlds-largest-container-vessel-24000-teu-giant-hmm-algeciras-at-dsme-shipyard/

M&A radar: Yang Ming – the moral hazard conundrum

You may well have read the latest release concerning Taiwan’s Yang Ming.
In a nutshell, here are the headline financials, sourced from Yang Ming earlier this week:
“Yang Ming Marine Transport Corporation (Yang Ming) reveals its 2019 annual financial report today (3/31). The consolidated revenues totaled NTD149.18bn ($4.82bn). The company’s net loss, after tax, was NTD4.31bn ($139.39m), EPS NTD -1.66. Volumes in 2019 increased to 5.4m TEUs, up 3.88% year on year.” …

The post M&A radar: Yang Ming...

https://theloadstar.com/ma-radar-yang-ming-the-moral-hazard-conundrum/

Hamburg ‘unfairly singled out’ as container supply goes ‘out of kilter’

The port of Hamburg has hit back at recent media reports claiming container equipment is still in short supply at German depots.
It said that it had polled container lines serving German seaports to assess the situation on box availability, finding there was “no appreciable scarcity”.
Moreover, the port’s marketing association said the response to the survey also suggested carriers were “not expecting any shortages to arise”.
CEO of Port of Hamburg Marketing …

The post Hamburg ‘unfairly singled...

https://theloadstar.com/hamburg-unfairly-singled-out-as-container-supply-goes-out-of-kilter/

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