Linerlytica

SM Line expected to grow HMM investment when Seoul sells its share

Speculation about a possible union of South Korea’s two ocean-going liner operators has grown after SM Merchant Marine (also known as SM Line) extended its stake in HMM, and could increase its share further this year.
On 29 December, SM Line, which the Samra Midas (SM) group formed in 2016 after acquiring the remaining operations of bankrupt Hanjin Shipping, acquired an additional 613,438 shares in HMM for $14m, bringing its holding …

The post SM Line expected to grow HMM investment when Seoul...

https://theloadstar.com/sm-line-expected-to-grow-hmm-investment-when-seoul-sells-its-share/

Ocean Shipping Reform Act won’t alleviate issues in container shipping: industry players

Shippers and market observers have expressed scepticism at the passing of the Ocean Shipping Reform Act (OSRA) by the US House of Representatives on 8 December in Washington DC passed a bipartisan bill designed to strengthen shipping supply chains. OSRA was passed by 364 votes, while 60 house members voted against it.

OSRA obliges shipping companies to adhere to “minimum service standards that meet the public interest” and prevents them from rejecting cargoes without good reasons.

Democrat...

https://container-news.com/ocean-shipping-reform-act-wont-alleviate-issues-in-container-shipping-industry-players/

Operations in southern Vietnamese ports slow to a crawl with Covid-19 outbreak

Ho Chi Minh City is now the Covid-19 epicentre of Vietnam and the resulting lockdown of the country’s commercial capital has slowed port operations in the southern part of the country.

Movement restrictions have been imposed in the southern Vietnamese city until 1 August, after thousands of Covid-19 infections were confirmed.

A spokesperson for Hapag-Lloyd told Container News that several factors, including the recent grounding of Ever Given in the Suez Canal and the bottleneck in China’s Yantian...

https://container-news.com/operations-in-southern-vietnamese-ports-slow-to-a-crawl-with-covid-19-outbreak/

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