The HMM Company (previously known as Hyundai Merchant Marine) ships a variety of different types of cargo between South Korea and international ports. As the second-largest shipping line in the Korean Peninsula, the firm handles the bulk of South Korean exports, in fact. In October 2018, HMM published its goal of achieving $10 billion in revenues by 2022. Company officials hope to expand the shipping line’s capacity to at least 1 million TEUs. It presently maintains the 14th largest shipping capacity on Earth.
This enterprise commenced operations on March 25, 1976. Originally entitled “Asia Merchant Marine”, it offered tramp steamer, passenger, and cargo shipping services between South Korea and nations in the Middle East. During the 1980s, the company expanded its operations. It began offering car transportation services. It merged with two other shipping lines, Donghae Merchant Marine and Shinhan Merchant Marine. Hyundai Merchant Marine opened container shipping services between South Korea and ports in Australia, Canada, and the Western United States.
During the next two decades, Hyundai Merchant Marine experienced rapid growth. The company became the sole shipper to utilize container terminals in Kwangyang and Busan. Ultimately, it opened the massive Hyundai Busan container terminal, the largest public container facility in South Korea. It also established a cargo depot in Hong Kong and leased a container terminal in Taiwan. Hyundai Merchant Marine transferred its car carrier division to the entity which became Eukor Car Carriers, Inc. The firm also purchased two cruise ships during the 1990s (the Hyundai Pongnae and the Hyundai Kumgang).
HMM traces its modern history from 2010. That year, Hyundai Merchant Marine obtained a Korea Authorized Economic Operator certification at the “AA” rank. It relocated its business headquarters into the Hyundai Group Building in Seoul. The firm expanded its logistical operations significantly during the past decade. Currently, Mr. Bae Jae-Hoon serves as President and CEO of HMM.
Today, HMM reportedly maintains four different international headquarters around the globe. It utilizes over 70 branch offices and relies upon computerized and automated systems extensively to help transport cargo.
Hyundai Merchant Marine Services Offered
HMM offers a full range of international freight shipping services. Its fleet includes car carriers, container vessels, tramps, oil tankers, bulk carriers, and LNG carriers. It also ships oversized, temperature-controlled, and dangerous cargo.
Hyundai Merchant Marine Accreditation And Affiliations
HMM possesses accreditation from a number of entities. These include Quality Management System (QKS) ISO 9001, Energy Management System (EnMS) ISO 50001, Information Security Management System (ISMS) ISO 27001, and Environment Management Systems (EMS) ISO 14001 certifications. Additionally, every vessel in its fleet obtains certifications from the International Safety Management Code (ISM CODE), The Maritime Labour Convention (issued by the ILO), and the International Ship and Port Facility Code (issued by the International Maritime Organization). The company adheres to the Occupational Health and Safety Management System (OHSMS) OHSAS 18001 standards also.
Matt is a veteran of the moving industry, a recognized moving expert and is the founder of Mover Focus. Matt holds a Bachelor of Commerce (BCom) majoring in Finance and Marketing and Bachelor of Arts (BA) majoring in Economics and History. He also has completed the EiM (Essentials in International Moving) course from the FIDI Academy. His advice has been featured in Reader’s Digest, Yahoo Finance, MSN Money, Business News Daily and The SpareFoot Blog Go. Read more.