The ports of Los Angeles and Long Beach reported ups and downs in January with LA up 5.8 per cent to 698,715 TEU year on year while LB declined 3.9 per cent to 4,56,424 TEU with a combined uptick of one per cent at 1.15 million TEU. Long Beach’s relative decline is attributed to last year’s move to LA of Hyundai Merchant Marine and its port operator, California United Terminals….

South Korea’s Hyundai Merchant Marine (HMM) has announced its full-year results of 2011, posting a whole-year operating loss of KRW367 billion (US$330 million) in 2011 and a KRW172 billion loss in the fourth quarter. For its container shipping business, it suffered a full-year operating loss of KRW280 billion and a KRW184 billion loss in the fourth quarter, reported Alphaliner, adding that it was the “worst-ever quarterly result” for the carrier,…

The G6 Alliance carriers, comprising APL, Hapag-Lloyd, Hyundai Merchant Marine, MOL, NYK and OOCL, have announced their first batch of six joint Asia-Europe services in the first week of March. Services calling at Japanese ports will start later after consulting the Japan Harbour Transportation Association and labour unions. And the alliance said it will launch a seventh service with direct coverage to Chinese Bohai Bay ports in Dalian and Xingang…

Member carriers of Asia Australia Discussion Agreement (AADA) plan to raise the bunker surcharges to US$676 per TEU and $1,350 per FEU for dry and refrigerated containers from March 10 due to recent increase in the price of oil in Hong Kong and South Korea. AADA is a voluntary discussion forum of 13 ocean carriers serving the trade from north and east Asia to destinations in Australia, whose members include…

Friday, November 21 ,2003 HMM opts for Shanghai as Chinese HQ HYUNDAI Merchant Marine (HMM) has chosen Shanghai to be its Chinese head office. HMM initially set up four representative offices in China in 1993 and, after experiencing 10 years of rapid development, it expanded to five branch offices and ten representative offices. J I Noh, president of HMM, said: “China is on course to become the world’s logistics hub,…

Monday, November 17 ,2003 Bigger, better, faster for TNWA New York express THE New World Alliance (TNWA) of APL, Hyundai Merchant Marine (HMM) and MOL is to deploy larger, faster vessels on its fixed-day, weekly, all-water, New York Express (NYX) service, which was launched earlier this year. The fleet expansion will increase capacity on TNWA’s NYX service, as well as shorten transit times between key destinations in Asia, Panama, and…