South Korean shipowner and operator Hyundai Merchant Marine (HMM) has emerged as the prospective purchaser of Oldendorff Carriers controlled 2016 built newcastlemax bulk carrier MV Henriette Oldendorff. Hyundai Merchant Marine (HMM) is currently engaged in takeover negotiations, orchestrating a transaction for the MV Henriette Oldendorff. South Korean shipowner and operator Hyundai Merchant Marine (HMM), renowned predominantly for its extensive containership fleet, which constitutes more than 65% of its maritime assets, possesses a pair of capesize bulk carriers and ultramax bulk carriers. Presently, Hyundai Merchant Marine (HMM) is on the market for potential buyers, with at least four suitors eagerly vying to acquire South Korea’s prestigious flagship line. 1-August-2023
Two conglomerates with maritime subsidiaries are assembling to vie for dominion over South Korean shipowner and operator Hyundai Merchant Marine (HMM). Government-backed entities proclaimed their intention to divest their majority stake in South Korean shipowner and operator Hyundai Merchant Marine (HMM) last week, extending an invitation to interested parties to submit bids until 21 August 2023. Two conglomerates with maritime subsidiaries have expressed their eagerness to assume control of Hyundai Merchant Marine (HMM): Harim Group, the shipowner and operator of Pan Ocean, and SM Group, the proprietor of SM Line. LX Holdings and Dongwon Group, Korean enterprises with interests in logistics, have also entered the fray for Hyundai Merchant Marine (HMM). State-run banks, who have been overseeing Hyundai Merchant Marine (HMM) since 2016, aspire to finalize the sale of this renowned shipping line by the end of 2023. 29-July-2023
South Korean shipowner and operator Hyundai Merchant Marine (HMM) and Tokyo-based shipowner and operator NYK Bulk & Projects (NBP) joined forces on heavy-lift service. Hyundai Merchant Marine (HMM) and NYK Bulk & Projects (NBP) will operate the heavy-lift and break-bulk services between the Middle East and the Far East. Tokyo Stock Exchange-listed Japanese shipping giant NYK Line’s (Nippon Yusen Kabushiki Kaisha) subsidiary NYK Bulk & Projects (NBP) specializes in heavy-lift and project cargoes, while Hyundai Merchant Marine (HMM) specializes in MPP (Multipurpose) cargoes. Hyundai Merchant Marine (HMM) and NYK Bulk & Projects (NBP) established a new joint venture that will operate heavy-lift and break-bulk services. Hyundai Merchant Marine (HMM) and NYK Bulk & Projects’ (NBP) new joint venture will benefit from the shipping giant’s strengths and expertise in the shipping of break-bulk and project cargo. Hyundai Merchant Marine (HMM) and NYK Bulk & Projects’ (NBP) new joint venture will lead to the development of future opportunities. 24-December-2022
South Korean shipowner and operator Hyundai Merchant Marine (HMM) has cooperated with Panasia to develop carbon capture on the company’s vessels. Seoul-based Hyundai Merchant Marine (HMM) is cooperating with leading domestic equipment supplier Panasia to design carbon-capture technology for the company’s vessels. Two South Korean enterprises have been joining forces and expecting to move from feasibility to functioning trials. Hyundai Merchant Marine (HMM) expressed the MOU (memorandum of understanding) will commence with a feasibility analysis and then proceed to operational trials. South Korean shipowner and operator Hyundai Merchant Marine (HMM) considers the approach as having the potential to play a substantial function in lowering CO2 emissions. 19-September-2022
Seoul-based shipowner and operator Hyundai Merchant Marine (HMM) is selling 120 million shares worth $614.4 million to finance ships and terminal investments. Hyundai Merchant Marine (HMM) is aiming to strengthen its long-term cost competitiveness. Lately, Hyundai Merchant Marine (HMM) has signed $419 million worth of 5 VLCC newbuilding contracts and bought two 11,000-TEU containerships. 14-October-2017
Mediterranean Shipping Co (MSC) and Hyundai Merchant Marine (HMM) trying to acquire Hanjin Shipping’s interest in Long Beach terminal. Mediterranean Shipping Co (MSC) and Hyundai Merchant Marine (HMM) formed a joint venture and submitted an offer for Hanjin Shipping’s 50% stake in Total Terminals International (TTI). Mediterranean Shipping Co (MSC) already owns the second half of Total Terminals International (TTI) through its subsidiary Terminal Investment Limited and is now looking to take full control of the terminal with Hyundai Merchant Marine’s assistance. 1-December-2016