Monday, 18/07/2022, 08:36 (GMT +7)
1059
HMM to invest $7.64 billion in ships, ports and logistics facilities
HMM CEO and Chairman Kim, Kyung Bae and managers announced the vision at HMM headquarters (Image: HMM)
HMM revealed its medium and long-term strategy, saying it will expand the capacity of its container shipping fleet to 1.2 million TEU by 2026 from 820,000 TEU today.
The Korean shipping company also aims to expand its dry bulk shipping fleet to 55 ships from 29 at the moment.
“HMM also plans to secure logistics infrastructure such as terminals in key locations to reinforce its profit structure,” the company said. Of the planned investment of 15 million KRW over five years, 10 million KRW ($7.64 billion) will be for ships, ports and logistics facilities.
Kim, Kyung Bae, President & CEO of HMM, said: "Our strategy is to ensure perpetual growth of HMM under the new vision - a global leading company generating sustainable value for the world."
In addition to the container and bulk shipping businesses, HMM is investing in strategic areas such as digital and the environment.
With an eye on the environment, the company will order ships capable of using alternative fuels in the future and contribute to R&D efforts to develop carbon-neutral fuels.
On the digital side, HMM plans to further develop the recently launched “Hi Quote” platform and add AI technology. The company plans to invest KRW 150 billion in digitalization technology by improving the online 'e-platform' and accelerating the upgrade of the ERP system.
HMM also aims to strengthen its business organization and establish dedicated teams for strategic projects and to explore new business opportunities.
Like its competitors and partners in the container shipping industry, HMM has had a major financial turnaround and success over the past two years as freight rates hit all-time highs. As a result, the Korean shipping company has a large amount of cash to invest in future business expansion.
Read more:
- HMM, SM Line and Pan Ocean launch first service under K-Alliance
- Rising freight rates help HMM reach a profit of $4.4 billion in 2021
Source: Phaata.com (According to HMM, SeatradeMaritime)
Phaata - Vietnam's First Global Logistics Marketplace
► Find Better Freight Rates & Logistics Services
Featured News
- Hapag-Lloyd applies Peak Season Surcharge from East Asia to USA and Canada
- The world\'s largest container ships MSC Irina and MSC Loreto floated
- MSC (Mediterranean Shipping Company) - The world\'s leading container shipping lines
- Information you need to know about Maersk Line
- Top 10 export and import goods between Vietnam - Philippines in the first 5 months of 2020
Market News
See more
.webp)
.webp)
.webp)
.webp)
HOT PROMO
See more
372
FCL
25 Days
Freight cost
N.B.L INTERNATIONAL TRANSPORT CO., LTD
839
FCL
28 Days
Freight cost
CÔNG TY TRÁCH NHIỆM HỮU HẠN DT LOGISTICS (VN)
1468
FCL
28 Days
Freight cost
Công Ty TNHH Quanterm Logistics Vietnam
1703
FCL
33 Days
Freight cost
CÔNG TY TNHH TIẾP VẬN TOÀN CẦU KM
1470
Other
INTERLOG CORP - CÔNG TY CỔ PHẦN GIAO NHẬN TIẾP VẬN QUỐC TẾ
Why do thousands of businesses trust Phaata?
USERS/MONTH
LOGISTICS COMPANIES
REQUEST FOR QUOTEŚ
QUOTATIONS
VIETNAM LOGISTICS COMMUNITY
5 Steps to Get the Best Quote
Find a price quickly/Send a RFQ
Compare multiple options
Contact for Further Consultation
Negotiating prices/services
Management & rating
Freight rates
Sea freight
- FCL
See more
322
430
13
Days Direct
- ₫64,834,350 / 20'GP
- ₫67,480,650 / 40'HQ
Compass Logistics
Premium
417
25
Days Transit
- ₫63,140,718 / 20'GP
- ₫113,420,418 / 40'GP
- ₫113,420,418 / 40'HQ
CÔNG TY TNHH GRAND OCEAN LINE VIỆT NAM
416
36
Days Transit
- ₫82,696,875 / 20'GP
- ₫112,467,750 / 40'HQ
GIA LINH LOGISTICS SERVICES CO., LTD. (G LINK Logistics)
201
3
Days Direct
- ₫793,890 / 20'GP
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ LƯU PHƯỚC LỘC
Sea freight
- LCL
See more
313
3
Days Direct
- ₫132,315 /cbm
CÔNG TY TRÁCH NHIỆM HỮU HẠN DT LOGISTICS (VN)
459
3
Days Direct
- ₫0 /cbm
CÔNG TY TNHH VẬN TẢI VÀ TIẾP VẬN TOÀN CẦU
1,793
4
Days Direct
- ₫0 /cbm
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
2,974
1,903
4
Days Direct
- ₫396,945 /cbm
CHI NHÁNH THÀNH PHỒ HỒ CHÍ MINH - CÔNG TY TNHH HECNY SHIPPING VIỆT NAM
Air freight
- General cargo
See more
915
1
Days Direct
- 46,310 ₫/kg
N.B.L INTERNATIONAL TRANSPORT CO., LTD
1,398
1
Days Direct
- 161,424 ₫/kg
CÔNG TY CỔ PHẦN GIAO NHẬN VẬN TẢI HỒNG SƠN
4,372
10
Days Transit
- 264,630 ₫/kg
Phoenix Logistics Vietnam - chi nhánh TP. Hồ Chí Minh (Phoenix International Forwarding Vietnam )
6,118
1
Days Direct
- 185,241 ₫/kg
CÔNG TY TNHH THƯƠNG MẠI VÀ DỊCH VỤ FASTRANS
8,510
Rail freight
- FCL
See more
2,292
5
Days Direct
- ₫44,987,100 / 40'HQ
- ₫44,987,100 / 45'HQ
CÔNG TY TNHH PHƯỚC TÁ
3,874
3
Days Direct
- ₫15,083,910 / 40'HQ
CÔNG TY CỔ PHẦN VẬN TẢI VÀ THƯƠNG MẠI ĐƯỜNG SẮT
14,323
7
Days Direct
- ₫48,956,550 / 20'GP
Công ty TNHH T&M Forwarding
13,126
5
Days Direct
- ₫7,145,010 / 20'GP
ASIAN EXPRESS LINE VIETNAM ( AEL VIET NAM )
9,583
10
Days Direct
- ₫9,262,050 / 20'GP
CÔNG TY CỔ PHẦN LOGISTICS QUỐC TẾ V&T
Road freight
- FCL
See more
429
4
Day
- ₫5,000,000 / 40'GP
CÔNG TY CỔ PHẦN IGAP
2,519
1
Day
- ₫28,000,000 / 20'GP
- ₫28,000,000 / 40'GP
CÔNG TY TNHH THƯƠNG MẠI DỊCH VỤ VÀ KHO VẬN VIETTEL POST - TTC
4,383
4
Day
- ₫211,704 / 20'GP
CÔNG TY CỔ PHẦN KINH DOANH THƯƠNG MẠI VÀ DỊCH VỤ HỎA TỐC
47,267
1
Day
- ₫6,868,686 / 20'OT
- ₫6,868,686 / 40'OT
- ₫6,868,686 / 40'OT HQ
CÔNG TY TNHH LIÊN VẬN QUỐC TẾ SHINING OCEAN VIỆT NAM
104,325
2
Day
- ₫6,500,000 / 40'RF
- ₫6,500,000 / 40'RQ
- ₫6,500,000 / 45'RQ
CÔNG TY CP PROSHIP
Premium
