Girish Mahajan (Editor)

Hyundai Merchant Marine

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Type
  
Shipping

Industry
  
Container shipping

Website
  
www.hmm21.com

Founded
  
1976

Traded as
  
KRX: 011200

Area served
  
World-wide

Headquarters
  
South Korea

Parent organization
  
Hyundai Group

Hyundai Merchant Marine httpsuploadwikimediaorgwikipediacommonsthu

Stock price
  
011200 (KRX) ₩ 9,110 -130.00 (-1.41%)17 Mar, 3:30 PM GMT+9 - Disclaimer

CEO
  
Yoo Chang Keun (Sep 2016–)

Subsidiaries
  
Hyundai Merchant Marine (Europe) Ltd.

Hyundai merchant marine pr video 2015


Hyundai Merchant Marine (HMM) is a South Korean integrated logistics and containerized freight transport company, with more than 50 sea routes, over 100 ports of call and operating about 138 vessels. HMM provides worldwide global service networks, diverse logistics facilities, leading IT shipping related systems, a professional highly trained staff, and continual effort to provide premiere transportation services. Beginning with three VLCCs in 1976, HMM has strengthened it competitiveness to advance new services such as bulk carrier, tramper, container carrier, LNG carrier and special product carrier. As a result, HMM has a stable business structure that can withstand sector fluctuations by operating diversified businesses. HMM currently is working with main creditor Korea Development Bank to ward off bankruptcy by undergoing extensive restructuring by reducing cost by over 30%.

Contents

Hyundai Merchant Marine is the world's 15th largest container line in terms of vessel capacity. HMM, together with Hanjin Shipping, moves almost all of Korea's exports.

Hyundai merchant marine leaves hyundai group after four decades


Management

HMM has formed a global business network with four international headquarters, 27 subsidiaries, 76 branches, five overseas offices and 10 liaison offices. It is highly regarded as one of the world’s top integrated-logistics companies with its targeted market prospects, efficient organization, top personnel, and advanced internet systems.

Commercial

HMM transports nationally 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, clearly playing a major role in Korea as a vital economic artery

References

Hyundai Merchant Marine Wikipedia