“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.
