Overview
HMM operates 97 container ships with a combined capacity of 1,034,348 TEU (twenty-foot equivalent units), 3% of the world liner fleet, according to the Alphaliner Top 100.[1] Of that capacity, 847,404 TEU on 72 ships is owned and 186,944 TEU on 25 ships is chartered in, so chartered tonnage accounts for 18.1% of its fleet.[1] Its orderbook of 327,986 TEU on 44 ships equals 32% of its current capacity.[1] HMM provides container services and also bulk shipping, including crude tankers and project cargo; Forbes lists its headquarters as Busan and records its founding on 25 March 1976.[3] Forbes records sales of US$7.5bn and profit of US$1.0bn, against US$2.7bn in the prior-year column.[3] Its capacity is about half Evergreen’s, a large gap between seventh and eighth place.[1]
HMM strengths and limitations
Strengths
- Largest Korean carrier
- Mostly owned fleet
- Bulk business diversifies revenue
- High profit margin
- Small workforce
Limitations
- Profit fell by more than half
- Half the size of Evergreen
- Exposure to freight-rate cycle
- Earnings depend on freight-rate cycles
- Smallest container line in the list by sales
Appears in
HMM peers and competitors
Companies ranked in the same lists as HMM.
- COSCO Shipping Holdings
A.P. Møller-Mærsk- Evergreen Marine
- DHL Group
- KMTC
- Yang Ming
ZIM- Wan Hai Lines
- PIL (Pacific International Lines)
- X-Press Feeders
- SITC
- DP World
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