Hyundai Merchant Marine Asia-US West Coast Volume Up by 77%


Hyundai Merchant Marine (HMM) has announced that its Asia-US west
coast (USWC) volume in June 2017 increased 77% year-on-year.

According to PIERS Data, HMM’s Asia-USWC handling cargo rose year-
on-year from 7,953 TEU/WK to 14,055 TEU/WK (up 77%) at the end of
June 2017.

Moreover, HMM ranked 4th in terms of market share, up from 12th the
previous year.

HMM’s Asia-all US route cargo handling also rose year-on-year from
11,626 TEU/WK to 17,291 TEU/WK (up 49%) in June 2017.

Furthermore, HMM’s USWC market share has grown to 7.4%, up 3.4%p
from the same month last year.

While, HMM''s cargo processing at Busan Port, the largest sea gateway
in Korea, increased by 91 percent last month from a year ago. HMM’s
handling volumes at Busan port jumped from 78,039 TEU/Month to
148,950 TEU/Month in June 2017, the second-largest volume after
Maersk. The total includes 76,376 TEU/Month of imports and exports
cargo, an increase of 83 percent on-year, and 72,574 TEU/Month of
transshipment, up 100 percent.

HMM official commented that “HMM’s volume has dramatically
increased, as it has regained customer trust through a successful
restructuring and has expanded shipping networks through ‘2M+H
strategic cooperation’ and ‘HMM+K2’ consortium. And that “We
expect higher volumes in the 3rd quarter, since we’re heading into
the peak season.”