The best yard stick, in our view, measuring management performance is the financial return generate over time. And the most direct financial return for shareholders is the dividend pay-out relative to a company's market value. Liners have been swimming in cash on extraordinary earnings since 2021. Reasonably, they also distributed dividend generously. Between 2021 and July 2022 end, a total of $38bn* of dividend paid while another $14bn have been committed to be paid in 2022 by the 16 shipping
The new service, China Vietnam Thailand (CVT), will start with SKY RAINBOW calling Incheon on June 25.
HMM’s new Far East-India-Latin America Service (FIL) will skip the planned westbound Durban call and connect India directly with the East Coast of South America. The new service was launched on 7 December 2021 and was supposed to call at Busan, Shanghai, Ningbo, Shekou, Singapore, Kattupalli, Durban, Santos, Paranagua, Itapoa, Navegantes, Buenos Aires, Montevideo, Singapore, Hong Kong, and Busan. The service is supposed to turn in 12 weeks, but currently deploys only 6 ships of 4,700 teu to 6,8
The Samra Midas (SM) group has built a small stake in HMM, after its wholly owned subsidiary SM Line added 613,438 shares in HMM for $14m on 29 December 2021, bringing its holdings to 2.41m shares or 0.49%. Another SM Group company, bulk carrier operator Korea Shipping holds 2.15m HMM shares, or 0.44%, bring the SM Group's total shareholdings in HMM to 0.93%. The move comes after SM Line ditched plans to raise up to KRW 846 Bn ($722m) from an initial public offering (IPO) on 3 November 2021. SM
HMM has launched a new Far East-India-Latin America (FIL) service that will call at Busan, Shanghai, Ningbo, Shekou, Singapore, Kattupalli, Durban, Santos, Paranagua, Itapoa, Itajai, Buenos Aires, Montevideo, Singapore, Hong Kong, Busan. The first sailing was on 7 December 2021 with the 3,190 teu HYUNDAI GOODWILL. 7 ships of 3,190 to 3,650 teu will be deployed the service will a full rotation that will take 12 weeks in total. The service will initially run on a fortnightly frequency and is expe
The delivery dates of HMM's giant boxships will remain largely unchanged despite COVID-19
HMM ship loads 19,621 teu at Yantian.