Understanding HMM Company and Its Business Model

HMM Company is a leading global container shipping firm based in South Korea. It was founded in 1976 by Hanjin Group.

HMM operates a large fleet of container ships and offers a wide range of services to its customers. HMM has a strong presence in the global container shipping market.

The company's business model is built around providing efficient and reliable transportation of goods to its customers. This is achieved through a combination of its extensive network, modern fleet, and experienced crew.

HMM's commitment to quality and customer satisfaction has earned it a reputation as a trusted partner in the industry.

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HMM's financials show a significant increase in revenue from FY 2018 to FY 2023, reaching 17.3 trillion South Korean won in FY 2022.

The company's operating income also saw a substantial growth, reaching 2.2 trillion South Korean won in FY 2023. This is a notable increase from FY 2018, when the operating income was 1.1 trillion South Korean won.

Here are some key financial metrics for HMM:

HMM's revenue by cargo type transported shows a mix of bulk and container cargo, with container cargo being the dominant segment in FY 2023, accounting for 77% of total revenue.

Hyundai Merchant Marine's (HMM) revenue has been steadily increasing from FY 2018 to FY 2023, reaching a high of 8.4 trillion South Korean won in FY 2023.

HMM's operating income also saw a significant growth during the same period, reaching 1.4 trillion South Korean won in FY 2023.

The company's profit has been fluctuating, with a loss of 1.3 trillion South Korean won in FY 2020, but a profit of 1.1 trillion South Korean won in FY 2023.

HMM's total assets have been increasing, reaching 34.8 trillion South Korean won in FY 2023.

Here's a breakdown of HMM's revenue by cargo type transported from FY 2020 to FY 2023:

HMM's energy consumption has been decreasing over the years, with a reduction of 12% from 2018 to 2023.

The company's greenhouse gas (GHG) emissions have also been decreasing, with a reduction of 10% from 2018 to 2023.

HMM's container freight rates have been increasing, reaching a high of $2,500 in Q3 2024.

The average EBIT per TEU of selected container carriers has been fluctuating, with a high of $1,500 in Q1 2023 and a low of $1,000 in Q3 2022.

In this section, we'll take a closer look at how HMM Co.,Ltd's sales have broken down by activity over the years.

HMM Co.,Ltd has seen significant growth in its container sales, increasing from 5,661 billion in 2020 to 17,305 billion in 2022.

The company's bulk sales have also shown a steady rise, with 542 billion in 2020 and 1,337 billion in 2024.

In contrast, HMM Co.,Ltd's "Others" category has remained relatively stable, with sales ranging from 209 billion in 2020 to 215 billion in 2024.

Here's a breakdown of HMM Co.,Ltd's sales by activity over the years:

In the geographical breakdown of sales, we see a significant shift in revenue from one region to another. America was the largest market for HMM Co.,Ltd in 2020, with sales of 2,663 billion.

The revenue from America increased to 5,509 billion in 2021, a significant jump of 2,846 billion. This increase was followed by another surge in 2022, where sales reached 7,638 billion.

Europe was the second-largest market, with sales of 1,201 billion in 2020. However, its revenue decreased to 1,945 billion in 2023, a drop of 256 billion.

Asia's revenue, on the other hand, fluctuated between 1,307 billion in 2020 and 1,512 billion in 2024, with a slight increase in 2022 of 727 billion.

Here's a breakdown of the revenue from different regions:

The revenue from the North and South Route also saw a significant increase in 2022, reaching 1,659 billion, a jump of 679 billion from the previous year.

HMM Co., Ltd. offers a range of marine freight and logistics services, with a market capitalization of $11.65 billion.

The company's stock performance has been notable, with a 1-year change of +26.69% and a 3-year change of -30.88%. On average, the company's stock has increased by +0.97% over the past year, with a weighted average by capitalization of +1.04%.

HMM Co., Ltd. has also been involved in various initiatives, such as testing 3D printing for ship maintenance onboard the HMM GREEN, as reported on March 20.

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HMM's fleet is a vital part of its services and logistics. The company operates a diverse range of container ships.

The Hyundai Together-class ships, built in 2012, have a capacity of 13,082 TEU and are part of a 5-ship class. They were chartered long-term from Danao Ship Leasing Corporation.

The Hyundai Dream-class ships, built in 2014, also have a capacity of 13,154 TEU and consist of 5 ships.

The Hyundai Earth-class ships, built in 2016, have a capacity of 10,077 TEU and are part of a 6-ship class. They were chartered long-term from Zodiac Maritime.

The HMM Algeciras-class ships, built in 2020, have a capacity of 23,964-23,820 TEU and are the largest container ships in the world, with 12 ships in the class. HMM Algeciras was the world's largest container ship when it was delivered in April 2020.

The HMM Nuri-class ships, built in 2021, have a capacity of 16,010 TEU and consist of 8 ships.

The HMM Garnet-class ships, built in 2023, have a capacity of 13,000 TEU and are part of a 12-ship class.

HMM is also expecting the delivery of two new ship classes in the coming years. One class, to be built by Hyundai Samho HI and HJ Shipbuilding, will have a capacity of 9,000 TEU and consist of 7+2 ships, scheduled for delivery in 2025.

HMM Co., Ltd. is a major player in the marine freight and logistics industry. They have a diverse fleet of container ships, including the Hyundai Together-class, Hyundai Dream-class, and HMM Algeciras-class, which is the world's largest container ship.

Their fleet has a combined capacity of over 200,000 TEUs (twenty-foot equivalent units). HMM Co., Ltd. operates in various regions, including Asia, Europe, and the Americas.

Here's a breakdown of their fleet:

HMM Co., Ltd. has also been at the forefront of innovation in the shipping industry, with experiments in 3D printing for ship maintenance onboard their vessel HMM GREEN. This technology has the potential to revolutionize the way ships are maintained and reduced downtime.

HMM is a leading global container shipping company with a significant presence in the industry.

HMM operates a fleet of over 170 containerships, including the largest containerships in the world, the ULSAN and the PYEONGTAEK.

The company's global network spans over 200 ports in more than 50 countries, making it one of the largest container shipping companies in the world.

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The Alliance was a significant player in the shipping industry. It was composed of Hapag-Lloyd, Ocean Network Express, Yang Ming Marine Transport Corporation, and HMM.

THE Alliance aimed to provide 34 services, directly calling at 81 different ports on a monthly basis. This level of service would have been a game-changer in the industry.

From March 2025, THE Alliance was replaced by Premier Alliance.

In the 1960s and 1970s, South Korea implemented economic development policies aimed at industrialization and economic growth under the leadership of President Park Chung-hee.

These policies, known as the "Miracle on the Han River", led to economic revival and included the promotion of export-oriented industries, infrastructure development, and active engagement in international trade agreements.

The United States provided significant economic aid to South Korea following the Korean War, which had a substantial impact on the country's recovery.

Japan's support came through the 1965 Agreement Between Japan and the Republic of Korea Concerning the Settlement of Problems in Regard to Property and Claims and Economic Cooperation, which included a total of $500 million in assistance.

This economic aid and support played a crucial role in South Korea's economic growth and development.

In the 1980s, South Korea's economy continued to grow, with the expansion of international trade and HMM gaining competitiveness in the global shipping industry.

The country's economic growth was also driven by the Hyundai Group, one of South Korea's major conglomerates, which played a significant role in the development of HMM.

The Hyundai Group's involvement in HMM's development is closely tied to the country's economic growth and international trade expansion.

South Korea's economic development has been a remarkable success story, with the country transforming from a war-torn nation to a major economic power in just a few decades.

You can search for HMM shipping lines on their website by entering your container number, B/L number, or booking number. This makes it easy to track your shipment.

HMM container tracking is available on their website, so you can stay on top of your cargo's journey.

If you only deal with one shipping company, it's worth checking their website for tracking information, as it can be more convenient than using a general tracking service.