CargoX has launched its solution tailored to meet the electronic bill of lading standards of Korean container carrier HMM and the Digital Container Shipping Association.
Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.
The 14,000-TEU One Stork on Tuesday became the largest container ship to call Jacksonville, Florida.
HMM acknowledged that “freight rates in most key trade lanes have been under downward pressure since H1 2022.”
“Container demand is expected to be under downward pressure due to considerable uncertainties,” HMM said in its third-quarter earnings release.
South Korean ocean carrier HMM expects “downward pressure” on demand growth in the second half of 2022.
Ocean carrier HMM announced Thursday it will invest $7.5 billion over the next five years on ships, terminals and logistics facilities.
Current CEO Jae Hoon Bae was not mentioned in the announcement that Kyung-bae Kim will succeed him.
Digitization can alleviate supply chain glitches, but it depends on systems that talk the same language.
The South Korean ocean carrier says the newbuilds will provide the “capacity and flexibility” to serve its shippers.
Hapag-Lloyd now will add 12 23,500-TEU container ships to its fleet beginning in 2023.
South Korean shipping line HMM says it was victim of a cyberattack that caused outages to its e-mail systems.
After an 85% revenue jump, the South Korean carrier turns its attention to meeting its carbon neutrality target.
The South Korean container carrier expects the Suez Canal backlog to be cleared by the time the HMM Nuri arrives in mid-April.
AgTC’s Peter Friedmann said Hapag-Lloyd’s Rolf Habben Jansen failed to mention in a press conference that the container shipping lines are enjoying record profits “while pushing their customers into real financial trouble, some towards bankruptcy.”
Korean container carrier HMM expects equipment and capacity shortages to continue at least through the end of the first quarter.
Hapag-Lloyd credits higher freight rates and lower bunker prices as “the main drivers of these positive business developments.”
South Korean carrier turns quarterly $103 million loss last year into $20 million profit this year.
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The South Korean carrier signed a contract for the ultra-large vessels in September 2018.
South Korean carrier announces opening of fleet control center but doesn’t open up about sailing plans.
Operating profit “turnaround” of more than $300 million reported.
Group of nine container carriers has banded together for digital standardization.
A language barrier of sorts may be blocking shipping lines and ports from adopting common technology platforms.
The new class of container ships is part of HMM’s quest to achieve net-zero carbon emissions by 2050.
French carrier trumpets its resilience and agility during coronavirus crisis
Nine carriers in the Digital Container Shipping Association say eliminating paper from transactions will improve all aspects of the process.
European Commission scrutinizing financial incentives from South Korean government
The 24,000-TEU Algeciras will make maiden voyage from Qingdao, China, on Monday.
INTTRA by E2open on Tuesday announced a new technology platform, compliant with the new Digital Container Shipping Association (DCSA) Interface Standard for Track and Trace 1.0, published last week by the DCSA. The platform sets a new standard in the shipping industry, setting the bar for technology companies and shipping lines alike to standardize the […]
With Soren Toft, Maersk COO just a week ago, poised to become MSC’s new CEO, FreightWaves examines which carrier rules the waves.
Hyundai Merchant Marine, South Korea’s largest container carrier, said it had a smaller loss in the second quarter this year than in the same period in 2018.
South Korean ocean carrier HMM may have a shiny new corporate identity but its first quarter results were written in the same dreadful red ink as last year. Although the ocean carrier generated large increases in revenues, its costs surged, which led to large losses in the first three months of 2019.
Hurricane Michael is forecast to make landfall as a strengthening Category 4; Sears may go bankrupt; retailers struggle to fill the hole left by Toys R Us; Cowen is bullish on Canadian Pacific; Seoul continues ploughing money into HMM to cover operations.
