Hyundai Merchant Marine (HMM) 


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.


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.