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HMM Targeted In Cyberattack
Tuesday, June 15, 2021 - 10:42am | 272Read More...South Korean shipping line HMM was targeted in a cyberattack that caused outages to its email systems, the company said Tuesday. HMM said the attack, detected on Saturday, appeared limited to the company's Outlook email system. The company said the attack did not impact other operations,...
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HMM Makes Steep Climb Toward Profitability
Wednesday, August 12, 2020 - 4:55pm | 1085Read More...Despite a global economy walloped by the coronavirus pandemic, HMM on Wednesday reported an incredible 90% net profit improvement in the first half of the year. Even with the steep climb, HMM's net profit remained in the hole at negative 37.5 billion Korean won (minus $31 million) for the first...
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DCSA Launches Another Drive For Information Sharing
Tuesday, July 7, 2020 - 2:42pm | 623Read More...The Digital Container Shipping Association (DCSA) is continuing its efforts to make information sharing easier. On Tuesday the nonprofit specifically tackled ship-related information transparency with the publication of standards for the exchange of operational vessel schedules (OVS). The OVS...
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Scheduled Third-Quarter Sailings Sinking
Thursday, June 4, 2020 - 9:08am | 875Read More...THE Alliance and 2M have canceled 75 sailings scheduled for the third quarter. In a joint announcement, THE Alliance — Hapag-Lloyd Aktiengesellschaft (OTC: HPGLY), HMM, Ocean Network Express and Yang Ming — said Wednesday that it will continue to have blanked sailings through September at least....
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HMM Lessens First-Quarter Loss
Friday, May 15, 2020 - 2:29pm | 567Read More...HMM said Friday it had shaved its year-over-year net loss by $94 million. South Korea's largest container carrier reported a first-quarter net loss of 65.6 billion won ($55 million), a 63.2% improvement from the 178.5 billion won ($149 million) net loss in Q1 2019. HMM was among the Asian...
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Debt-Burdened HMM To Issue $562.4 Million Convertible Bond
Friday, October 25, 2019 - 10:31am | 1147Read More...South Korea-based ocean box shipping line Hyundai Merchant Marine (KRX: 011200) has revealed plans to issue a 660 billion Korean won (US$562.4 million) convertible bond. It's a bold move for a company that's already carrying KrW4.1 trillion (US$3.49 billion) of debt. One analyst has described the...
