HMM Company Limited (Korean: 에이치엠엠 주식회사; RR: Eichi Em Em Jusik Hoesa), formerly known as Hyundai Merchant Marine, is a South Korean container transportation and shipping company.
HMM moves the largest portion of South Korea's exports,[2] becoming the number one Korean national container carrier, especially since Hanjin Shipping was declared bankrupt and ordered to be liquidated.[3]
The company's office network is composed of four international headquarters, 27 subsidiaries, 76 branches, five overseas offices and 10 liaison offices.
On the domestic market, HMM transports strategic materials such as crude oil, iron ore/coal and diverse special products as well as import/export goods. Earnings are eight trillion Korean won per year.[citation needed]
As of 2020, HMM has built and launched the world's two largest container ships in terms of TEU capacity, the HMM Algeciras with a maximum TEU capacity of 23,964, and the HMM Copenhagen with a maximum capacity of 23,820 TEU.[4]
In December 2023, HMM was acquired by Harim Group for $4.9 billion (S$6.55 billion).[5]
Company established as Asia Merchant Marine on March 25, with a capital of 200 million.
Conventional liner service opened between the Far East and the Middle East.
Tramper liner service established between Asia and the Middle East.
Container service introduced between the Far East and the Middle East.
1980s
PCC (Pure Car Carrier) service inaugurated on the Far East/Europe, Korea/Australia and Korea/India routes.
Purchased Hyundai No.1, first car carrier in Korea.
Integrated Halla Marine Transportation, Shinhan Marine Transportation, and Donghae Merchant Marine as shipping agents, and Sunil Merchant Marine as subsidiary shipper.
Launched on Korea/Australia, Canada route.
Full container service opened between the Far East and the Western Us.
Constructed and purchased the world's largest ore & coal carrier Hyundai Giant.
Merged with Donghae Merchant Marine and Shinhan Merchant Marine.
1990s
Seven of the world's largest and fastest container ships (5,551 TEU) purchased.
Designated as the first LNG operation shipping company in Korea.
Founded joint company Korea-Soviet Shipping with Chunkyung Shipping.
Joint operation with SEA-LAND initiated on Asia Europe Express route.
Acquired exclusive use of container terminals in Busan and Kwangyang.
HMM became the first shipping company worldwide to acquire ISM Code and ISO 9002 certification at the same time.
President Park Se-yong awarded the trophy for excellence in business on Marine Transport Day.
Leased private terminal in Kaohsiung, Taiwan.
Founded inland depot in Hong Kong.
Introduced the first international video-conferencing system in shipping industry (Seoul-LA).
Signed lease agreement with the Port of Tacoma President Park Se-yong awarded a Gold Tower Medal for his contribution to the shipping industry in Korea.
The New World Alliance" service begins together with APL and MOL.
Started Woodchip Carrier Service.
Established "Hyundai Fleet Management System" which covers information such as weather conditions, vessel locations and current changes.
Employed 4 female crew members.
Acquired two cruise ships, Hyundai Kumgang and Hyundai Pongnae.
Opened Hyundai Busan container terminal, the largest public container terminal in Korea.
2000s
Proclaimed the new management vision for the 21st century, 'HMM21'.
President and CEO, Choong-Shik Kim was awarded Gold Tower industrial medal in the 5th Ocean Day.
Built a 'Cyber Customer Service Center' in the HMM internet homepage.
Subsidiary G-Marine Service Co., Ltd.,[7] operator of the Roll-on/Roll-off car carrierGolden Ray was instructed to revise its safety management system to verify and audit stability calculations before leaving port, and crew adherence to the watertight door closure entry on departure, after the Golden Ray capsized in the Port of Brunswick, Georgia (U.S. state) in calm weather because incorrect calculations led to an unstable ship leaving port on September 8, 2019. [8]
On 9 March, Hyundai Merchant Marine board decide to rebrand the company as HMM Co., Ltd.[9]
On 29 April, HMM held the naming ceremony for the newly constructed 23,964 TEU-class container ship HMM Algeciras, the world's largest container ship at the time of her launch.[10]
^Brick Immortar. "Roll-On Roll-Over: The Loss of Car Carrier Golden Ray". Retrieved 24 December 2023.
^"Hyundai Merchant Marine to rebrand as HMM Co., Ltd". Maritime Gateway - South Asia’s Premier Shipping and Logistics News Portal. 12 March 2020. Retrieved 2021-04-05.
^"World's Largest Containership HMM Algeciras Launched". MarineLink. 2020-04-24. Retrieved 2021-05-03.
^"HMM to agree with South Korea's Big Three yards for a dozen new Panamax vessels". Container News. 2021-06-22. Retrieved 2021-06-28.
External linksedit
Wikimedia Commons has media related to Hyundai Merchant Marine.
Official website
Business data for HMM:
Bloomberg
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Yahoo!
January 01, 1970
company, company, limited, korean, 에이치엠엠, 주식회사, eichi, jusik, hoesa, formerly, known, hyundai, merchant, marine, south, korean, container, transportation, shipping, company, company, limitedhmm, oslonative, name에이치엠엠, 주식회사formerlyasia, merchant, marine, hyunda. HMM Company Limited Korean 에이치엠엠 주식회사 RR Eichi Em Em Jusik Hoesa formerly known as Hyundai Merchant Marine is a South Korean container transportation and shipping company HMM Company LimitedHMM OsloNative name에이치엠엠 주식회사FormerlyAsia Merchant Marine Hyundai Merchant MarineCompany typePublicTraded asKRX 011200IndustryContainer shippingFoundedMarch 25 1976 48 years ago 1976 03 25 FateAcquired by Harim GroupHeadquartersSeoul and Busan South KoreaArea servedWorldwideKey peopleKyung bae Kim CEO 1 Websitewww hmm21 com Contents 1 Overview 2 THE Alliance 3 History 3 1 Hyundai Merchant Marine 3 2 HMM Co Ltd 4 Fleet 5 See also 6 References 7 External linksOverview editHMM moves the largest portion of South Korea s exports 2 becoming the number one Korean national container carrier especially since Hanjin Shipping was declared bankrupt and ordered to be liquidated 3 The company s office network is composed of four international headquarters 27 subsidiaries 76 branches five overseas offices and 10 liaison offices On the domestic market HMM transports strategic materials such as crude oil iron ore coal and diverse special products as well as import export goods Earnings are eight trillion Korean won per year citation needed As of 2020 HMM has built and launched the world s two largest container ships in terms of TEU capacity the HMM Algeciras with a maximum TEU capacity of 23 964 and the HMM Copenhagen with a maximum capacity of 23 820 TEU 4 In December 2023 HMM was acquired by Harim Group for 4 9 billion S 6 55 billion 5 THE Alliance editAlong with Hapag Lloyd Ocean Network Express and Yang Ming Marine Transport Corporation HMM is a member of THE Alliance THE Alliance is intended to provide 34 services directly calling at 81 different ports on a monthly basis 6 History edit nbsp Hyundai Together at Hamburg nbsp HMM Gdansk of the HMM Algeciras class container ships nbsp HMM Dublin Hyundai Merchant Marine edit 1970s Company established as Asia Merchant Marine on March 25 with a capital of 200 million Conventional liner service opened between the Far East and the Middle East Tramper liner service established between Asia and the Middle East Container service introduced between the Far East and the Middle East 1980s PCC Pure Car Carrier service inaugurated on the Far East Europe Korea Australia and Korea India routes Purchased Hyundai No 1 first car carrier in Korea Integrated Halla Marine Transportation Shinhan Marine Transportation and Donghae Merchant Marine as shipping agents and Sunil Merchant Marine as subsidiary shipper Launched on Korea Australia Canada route Full container service opened between the Far East and the Western Us Constructed and purchased the world s largest ore amp coal carrier Hyundai Giant Merged with Donghae Merchant Marine and Shinhan Merchant Marine 1990s Seven of the world s largest and fastest container ships 5 551 TEU purchased Designated as the first LNG operation shipping company in Korea Founded joint company Korea Soviet Shipping with Chunkyung Shipping Joint operation with SEA LAND initiated on Asia Europe Express route Acquired exclusive use of container terminals in Busan and Kwangyang HMM became the first shipping company worldwide to acquire ISM Code and ISO 9002 certification at the same time President Park Se yong awarded the trophy for excellence in business on Marine Transport Day Leased private terminal in Kaohsiung Taiwan Founded inland depot in Hong Kong Introduced the first international video conferencing system in shipping industry Seoul LA Signed lease agreement with the Port of Tacoma President Park Se yong awarded a Gold Tower Medal for his contribution to the shipping industry in Korea The New World Alliance service begins together with APL and MOL Started Woodchip Carrier Service Established Hyundai Fleet Management System which covers information such as weather conditions vessel locations and current changes Employed 4 female crew members Acquired two cruise ships Hyundai Kumgang and Hyundai Pongnae Opened Hyundai Busan container terminal the largest public container terminal in Korea 2000s Proclaimed the new management vision for the 21st century HMM21 President and CEO Choong Shik Kim was awarded Gold Tower industrial medal in the 5th Ocean Day Built a Cyber Customer Service Center in the HMM internet homepage Sold the Car Carrier division that became EUKOR Appointed Noh Jeong ik as the new president and CEO Set up a sisterhood relationship with Beophwan dong Jejudo Named Kim Seong man as the new President 1 4 Launched new 8 600 TEU containership Hyundai Brave 1 10 Appointed Kim Seong man as president and CEO Began a slot exchange with Hanjin Shipping on the Asia East Coast of U S route 2010s Established a joint venture Netruck Franz with Hyundai Logiem and SK Energy Named Kim Seong Man as Vice Chairman and Lee Suk Hui as president and CEO Joined world s largest shipping alliance G6 Established a ship management company Hyundai Ocean Service Co Ltd Ordered and launched Hyundai Pride Participated in Pusan New Port Container Terminal Phase 2 4 Project Main article Golden Ray Subsidiary G Marine Service Co Ltd 7 operator of the Roll on Roll off car carrier Golden Ray was instructed to revise its safety management system to verify and audit stability calculations before leaving port and crew adherence to the watertight door closure entry on departure after the Golden Ray capsized in the Port of Brunswick Georgia U S state in calm weather because incorrect calculations led to an unstable ship leaving port on September 8 2019 8 2010s Put the first ships of the HMM Algeciras class container ships with 24 000 TEU into service HMM Co Ltd edit 2020s On 9 March Hyundai Merchant Marine board decide to rebrand the company as HMM Co Ltd 9 On 29 April HMM held the naming ceremony for the newly constructed 23 964 TEU class container ship HMM Algeciras the world s largest container ship at the time of her launch 10 Fleet editContainer ship classes of HMM Ship class Built Capacity TEU Ships in class Notes Hyundai Together class 2012 13 082 5 Long term charter from Danao Ship Leasing Corporation Hyundai Dream class 2014 13 154 5 Hyundai Earth class 2016 10 077 6 Long term charter from Zodiac Maritime HMM Algeciras class 2020 23 964 23 820 12 HMM Nuri class 2021 onwards 16 010 8 2023 onwards 13 000 12 To be built by Hyundai Heavy Industries Daewoo Shipbuilding amp Marine Engineering and Samsung Heavy Industries 11 See also editList of largest container shipping companies Hanjin Shipping Ocean Network Express Hyundai Glovis EUKORReferences edit HMM nominates former Hyundai Glovis chief as new CEO 14 March 2022 Paris Costas 12 May 2016 Global Ship Operators Set to Strike Vessel Sharing Deal The Wall Street Journal Retrieved 12 May 2016 Hanjin bankruptcy brings chaos but no capacity cut Financial Times September 2016 Current HMM Vessel Fleet HMM Harim Group to acquire HMM for 4 9 billion Korea JoongAng Daily 2023 12 18 Retrieved 2023 12 19 THE Alliance Joc com Retrieved 3 January 2019 G Marine Service Hyundai Motor Group Brick Immortar Roll On Roll Over The Loss of Car Carrier Golden Ray Retrieved 24 December 2023 Hyundai Merchant Marine to rebrand as HMM Co Ltd Maritime Gateway South Asia s Premier Shipping and Logistics News Portal 12 March 2020 Retrieved 2021 04 05 World s Largest Containership HMM Algeciras Launched MarineLink 2020 04 24 Retrieved 2021 05 03 HMM to agree with South Korea s Big Three yards for a dozen new Panamax vessels Container News 2021 06 22 Retrieved 2021 06 28 External links edit nbsp Wikimedia Commons has media related to Hyundai Merchant Marine Official website Business data for HMM BloombergGoogleReutersYahoo Retrieved from https en wikipedia org w index php title HMM company amp oldid 1211767553, wikipedia, wiki, book, books, library,
