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Native name | 에이치엠엠 주식회사 |
---|---|
Formerly | Asia Merchant Marine Hyundai Merchant Marine |
Company type | Public |
KRX: 011200 | |
Industry | Container shipping |
Founded | March 25, 1976 |
Fate | Acquired by Harim Group |
Headquarters | , |
Area served | Worldwide |
Key people | Kyung-bae Kim (CEO) [1] |
Website | www.hmm21.com |
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]
Along 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] From February 2025, THE Alliance shall be replaced by Premier Alliance, composed by the same members, excluding Hapag-Lloyd.
1970s
1980s
1990s
2000s
2010s
2010s
2020s
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 | |
HMM Garnet-class | 2023–onwards | 13,000 | 12 | To be built by Hyundai Heavy Industries and Daewoo Shipbuilding & Marine Engineering [11] |
Hyundai Glovis Co., Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Motor Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, and packaging services. It changed its name to Hyundai Glovis in June 2003.
Yang Ming Marine Transport Corporation is a Taiwanese container shipping company based in Keelung, Taiwan.
Mediterranean Shipping Company S.A., branded as MSC, is an international shipping line founded by Gianluigi Aponte in Italy in 1970. The company is owned by the Aponte family with its headquarters in Geneva, Switzerland, since 1978. It is the world's largest container shipping company by both fleet size and cargo capacity, controlling 20 per cent of global container capacity as at July 2024.
Senator Lines was a German based container transportation and shipping company headquartered in Bremen. The company was formed in 1994 with the merger of DSR-Lines GmbH (Rostock) and Senator Linie GmbH & Co. KG (Bremen).
Hanjin Shipping Co., Ltd. was a South Korean logistics and container transport company. Hanjin Shipping was South Korea's largest container line and one of the world's top ten container carriers in terms of capacity.
Costamare Inc. (NYSE:CMRE) is a Greek and Marshall Islands corporation and one of the world's leading owners and providers of containerships for charter. Its headquarters are in Athens, Greece. Costamare Inc. has 37 years of history in the international shipping industry and a fleet of 56 containerships, with a total capacity of approximately 326,000 twenty-foot equivalent units (TEU) including 10 newbuild containerships on order.
The Hyundai Brave is a container ship built by Hyundai Heavy Industries Co Ltd, owned by KSF 10 International SA and operated by Hyundai Merchant Marine Co Ltd (HMM). This ship is registered in Panama.
Maersk Line is a Danish international container shipping company and the largest operating subsidiary of Maersk, a Danish business conglomerate. Founded in 1928, it is the world's second largest container shipping company by both fleet size and cargo capacity, offering regular services to 374 ports in 116 countries. In 2019, it employed 83,625 people where 18,398 of which are vessel crew and the other 65,227 are processing and operations personnel in offices and ports. Maersk Line operates over 708 vessels and has a total capacity of about 4.1 million TEU.
Barzan is an ultra-large container ship. It is the first of a series of six 18,800 TEU container ships built in South Korea for United Arab Shipping Company (UASC). As of 2015, it stood among the largest container ships in the world. According to the builder, it has carbon emissions far lower than the Maersk Triple E class container ships.
The Northwest Seaport Alliance is a port authority based in the Puget Sound region of the United States, comprising the seaports of Seattle and Tacoma in Washington state. The combined port authority is the sixth busiest cargo port in the United States by container volume.
Ocean Network Express Holdings, Ltd., branded as ONE, is a Japanese container transportation and shipping company jointly owned by the Japanese shipping Lines Nippon Yusen Kaisha, Mitsui O.S.K. Lines, and K Line. Launched in 2017 as a joint venture, ONE inherited the container shipping operations of its parent companies, corresponding to a combined fleet capacity of about 1.4 million TEU.
The Gülsün class is a series of container ships built for Mediterranean Shipping Company (MSC). The largest ships have a maximum theoretical capacity of 23,756 twenty-foot equivalent units (TEU). They were the largest container ships in the world when they were launched in 2019, surpassing OOCL Hong Kong. They have since been surpassed by other ships like the Algeciras class. The ships were the first container ships to feature 24 containers wide on deck.
The Algeciras class is a class of container ships consisting of 12 vessels built for HMM. The largest ships have a maximum theoretical capacity of 23,964 twenty-foot equivalent units (TEU). They were the largest container ships in the world when they were delivered, surpassing the previous Gülsün class. They have since been surpassed by the Ever Ace.
The Dream class is a series of five container ships built for HMM. The ships have a maximum theoretical capacity of 13,154 TEU. The ships were built by Daewoo Shipbuilding and Marine Engineering in South Korea.
The Nuri class is a series of eight container ships built for HMM. The ships were built by Hyundai Heavy Industries in South Korea. The ships were ordered in 2018 together with the 12 ships from the Algeciras class and have a maximum theoretical capacity of 16,010 TEU. The first ship of this series entered into service in March 2021.
COSCO SHIPPING Lines Co., Ltd. is a Chinese international container transportation and shipping company. It is a subsidiary of COSCO Shipping Holdings, and its parent company is China's state-owned COSCO Shipping.
HMM Algeciras is one of the world's largest container ships. Built by Daewoo Shipbuilding & Marine Engineering in South Korea. It is 61 metres wide and 399.9 metres long. The ship has a capacity of 23,964 TEU. HMM Algeciras is registered in South Korea and operated by HMM Co Ltd.
South Korea's major export industries include semiconductors, automobiles, and shipbuilding. Other major industries in South Korea are electronics, telecommunications, chemicals, and steel.