KRX:011200

HMM Maintains Talks for Ultra-Long-Term Bulk Carrier Contracts

HMM (KRX:011200) is still in discussion with a counterparty to secure ultra-long-term contracts for bulk carriers, according to a Friday filing with the Korea Exchange.The disclosure is in response to a July 9 media report on the matter.The company will release another disclosure within three months or when specific details are finalized.Shares of the company rose more than 1% in recent trade.

HMM to Roll Out Gulf-India-East Africa Service in September

South Korean shipping line HMM (KRX:011200) will debut its Gulf-India-East Africa (GIA) service in September, connecting Indian hubs with Tanzania and Kenya, according to a company statement on Wednesday.Operating five 2,800 TEU vessels, the weekly route forms part of HMM's African feeder network and will be jointly run with Cosco Shipping (HKG:1919, SHA:601919), Singapore's Pacific International Lines or PIL, and Taiwan's Interasia Lines.The rotation starts at Nhava Sheva and Mundra before heading to Dar es Salaam and Mombasa, with future expansion planned toward the Gulf region.An HMM official said the new service aims to deliver more dependable transport options while strengthening the company's African footprint and overall portfolio.

HMM Outlines 29 Trillion Won Long-Term Investment Strategy Through 2030

HMM (KRX:011200) said that it plans to invest 29 trillion won through 2030 as part of its mid- to long-term strategy, strengthening its competitiveness by expanding its shipping fleet, port infrastructure, and green initiatives.The South Korean shipping and logistics company said that it will increase its container fleet capacity to 1.47 million twenty-foot equivalent units across 166 vessels and its bulk carrier fleet to 13.52 million deadweight tonnage across 110 vessels, according to a Friday filing with the Korea Exchange.The company also plans to strengthen its sea network, secure terminal infrastructure at key overseas hubs, and achieve net-zero emissions by 2045.

HMM Orders 10 Vessels Worth KRW1.664 Trillion to Expand Bulk Fleet

HMM (KRX:011200) has placed an order for eight bulk carriers and two gas carriers worth 1.664 trillion won, to expand its bulk fleet, according to a Thursday filing with the Korean Exchange.The vessels are scheduled for delivery during the third quarter of 2031.

Ebest Upgrades HMM to Buy from Hold; Price Target is KRW23,000

Market Chatter: South Korean-Operated Ship in Hormuz Suffers Fire; Trump Says Iranian Attack Caused It

A South Korean vessel operated by shipper HMM (KRX:011200) caught fire on Monday in the Strait of Hormuz, which U.S. President Donald Trump said was due to an Iranian attack, Nikkei Asia said in a same-day report.Trump said Iran fired at the South Korean cargo ship and other targets as the U.S. carried out Project Freedom, an operation to keep the Strait of Hormuz open to shipping, and urged Seoul to join the mission, according to the report.A fire later broke out in the engine room of the Panama-flagged vessel, which had 24 crew members on board, including six South Koreans, the report said.HMM said that the cause of the fire remains unclear, it said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)