HMM Company Limited (Korean: 에이치엠엠 주식회사; RR: Eichi Em Em Jusik Hoesa), formerly known as Hyundai Merchant Marine, is a South Korean container transportation and shipping company.
Native name | 에이치엠엠 주식회사 |
---|---|
Formerly | Asia Merchant Marine Hyundai Merchant Marine |
Company type | Public |
KRX: 011200 | |
Industry | Container shipping |
Founded | March 25, 1976 |
Fate | Acquired by Harim Group |
Headquarters | , |
Area served | Worldwide |
Key people | Kyung-bae Kim (CEO)[1] |
Website | www.hmm21.com |
HMM moves the largest portion of South Korea's exports,[2] becoming the number one Korean national container carrier, especially since Hanjin Shipping was declared bankrupt and ordered to be liquidated.[3]
The company's office network is composed of four international headquarters, 27 subsidiaries, 76 branches, five overseas offices and 10 liaison offices.
On the domestic market, HMM transports 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.[citation needed]
As of 2020, HMM has built and launched the world's two largest container ships in terms of TEU capacity, the HMM Algeciras with a maximum TEU capacity of 23,964, and the HMM Copenhagen with a maximum capacity of 23,820 TEU.[4]
In December 2023, HMM was acquired by Harim Group for $4.9 billion (S$6.55 billion).[5]
Along with Hapag-Lloyd, Ocean Network Express, and Yang Ming Marine Transport Corporation, HMM is a member of THE Alliance. THE Alliance is intended to provide 34 services, directly calling at 81 different ports on a monthly basis.[6]
1970s
1980s
1990s
2000s
2010s
2010s
2020s
Ship class | Built | Capacity (TEU) | Ships in class | Notes |
---|---|---|---|---|
Hyundai Together-class | 2012 | 13,082 | 5 | Long-term charter from Danao Ship Leasing Corporation |
Hyundai Dream-class | 2014 | 13,154 | 5 | |
Hyundai Earth-class | 2016 | 10,077 | 6 | Long-term charter from Zodiac Maritime |
HMM Algeciras-class | 2020 | 23,964–23,820 | 12 | |
HMM Nuri-class | 2021–onwards | 16,010 | 8 | |
2023–onwards | 13,000 | 12 | To be built by Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries[11] |