Hyundai Merchant Marine

Hyundai Merchant Marine
Shipping
Traded as KRX: 011200
Industry Container shipping
Founded 1976
Headquarters Seoul, South Korea
Area served
 World-wide
Website www.hmm21.com

Hyundai Merchant Marine (HMM) is a South Korean integrated logistics and containerized freight transport company, with more than 50 sea routes, over 100 ports of call and operating about 138 vessels. HMM provides worldwide global service networks, diverse logistics facilities, leading IT shipping related systems, a professional highly trained staff, and continual effort to provide premiere transportation services.[1] Beginning with three VLCCs in 1976, HMM has strengthened it competitiveness to advance new services such as bulk carrier, tramper, container carrier, LNG carrier and special product carrier. As a result, HMM has a stable business structure that can withstand sector fluctuations by operating diversified businesses.[1] HMM currently is working with main creditor Korea Development Bank to ward off bankruptcy by undergoing extensive restructuring by reducing cost by over 30%.[2]

Hyundai Merchant Marine is the world's 15th largest container line in terms of vessel capacity. HMM, together with Hanjin Shipping, moves almost all of Korea's exports.[2]

Management

HMM has formed a global business network with four international headquarters, 27 subsidiaries, 76 branches, five overseas offices and 10 liaison offices. It is highly regarded as one of the world’s top integrated-logistics companies with its targeted market prospects, efficient organization, top personnel, and advanced internet systems.[1]

Commercial

HMM transports nationally 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, clearly playing a major role in Korea as a vital economic artery[1]

References

  1. 1 2 3 4 "Hyundai Merchant Marine". www.hmm21.com. Retrieved 2015-05-13.
  2. 1 2 Paris, Costas (12 May 2016). "Global Ship Operators Set to Strike Vessel-Sharing Deal". The Wall Street Journal. Retrieved 12 May 2016.
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