Hyundai Merchant Marine
| |
Shipping | |
Traded as | KRX: 011200 |
Industry | Container shipping |
Founded | 1976 |
Headquarters | Seoul, South Korea |
Area served | World-wide |
Website | www.hmm21.com |
Hyundai Merchant Marine (Hangul: 현대상선) is the world's 14th largest container line in terms of vessel capacity. HMM, moves the largest portion of South Korea's exports[1], becoming the number one Korean national containers carrier, mainly since Hanjin service termination [2].
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.
History Timeline
1970s
- Company established as Asia Merchant Marine on March 25, with a capital of 200 million.
- Conventional liner service opened between the Far East and the Middle East.
- Tramper liner service established between Asia and the Middle East.
- Container service introduced between the Far East and the Middle East.
1980s
- PCC (Pure Car Carrier) service inaugurated on the Far East/Europe, Korea/Australia and Korea/India routes.
- Purchased “Hyundai No.1”, first car carrier in Korea.
- Integrated Halla Marine Transportation, Shinhan Marine Transportation, and Donghae Merchant Marine as shipping agents, and Sunil Merchant Marine as subsidiary shipper.
- Launched on Korea/Australia, Canada route.
- Full container service opened between the Far East and the Western Us.
- Constructed and purchased the world’s largest ore & coal carrier “Hyundai Giant”.
- Merged with Donghae Merchant Marine and Shinhan Merchant Marine.
1990s
- Seven of the world"s largest and fastest container ships(5,551 TEU) purchased.
- Designated as the first LNG operation shipping company in Korea.
- Founded joint company Korea-Soviet Shipping with Chunkyung Shipping.
- Joint operation with SEA-LAND initiated on Asia Europe Express route.
- Acquired exclusive use of container terminals in Busan and Kwangyang.
- HMM became the first shipping company worldwide to acquire ISM Code and ISO 9002 certification at the same time.
- President Park, Se-yong awarded the trophy for excellence in business on Marine Transport Day.
- Leased private terminal in Kaohsiung, Taiwan.
- Founded inland depot in Hong Kong.
- Introduced the first international video-conferencing system in shipping industry (Seoul-LA).
- Signed lease agreement with the Port of Tacoma President Park Se-yong awarded a Gold Tower Medal for his contribution to the shipping industry in Korea.
- The New World Alliance" service begins together with APL and MOL.
- Started Woodchip Carrier Service.
- Established "Hyundai Fleet Management System" which covers information such as weather conditions, vessel locations and current changes.
- Employed 4 female crew members.
- Acquired two cruise ship-Hyundai Kumgang and Hyundai Pongnae.
- Opened Hyundai Busan container terminal, the largest public container terminal in Korea.
2000s
- Proclaimed the new management vision for the 21st century, 'HMM21'.
- President and CEO, Choong-Shik Kim was awarded Gold Tower industrial medal in the 5th Ocean Day.
- Built a 'Cyber Customer Service Center' in the HMM internet homepage.
- Sold the Car Carrier division that became EUKOR.
- Mr. Noh Jeong-ik was appointed as the new President and CEO.
- Set up a sisterhood relationship with Beophwan-dong, Jejudo
- Named Mr. Kim, Seong-man as the new President (1.4)
- Launched new 8,600 TEU containership 'Hyundai Brave'(1.10)
- Appointed Mr. Kim, Seong-man as President and CEO
- Began a slot exchange with Hanjin Shipping on the Asia-East Coast of U.S. route
2010s
- Established a joint venture 'Netruck Franz' with Hyundai Logiem and SK Energy
- Named Kim Seong-Man as Vice Chairman and Lee Suk-Hui as President and CEO
- Joined world’s largest shipping alliance, G6
- Established a ship management company ‘Hyundai Ocean Service Co., Ltd.
- Participated in “Pusan New Port Container Terminal Phase 2-4 Project”
References
- ↑ Paris, Costas (12 May 2016). "Global Ship Operators Set to Strike Vessel-Sharing Deal". The Wall Street Journal. Retrieved 12 May 2016.
- ↑ https://www.ft.com/content/205af87a-6fba-11e6-a0c9-1365ce54b926