Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Deep Sea Carrier News

07 Feb 2017

Hyundai Merchant Sees More Losses

South Korea's largest deep sea carrier Hyundai Merchant Marine expects to post losses through the first half of next year due to poor market conditions, reports Bloomberg quoting its CEO Yoo Chang-keun. “This year will be the year to strengthen our financials,” Yoo told Bloomberg. “We are targeting to make an operating profit in the third quarter of next year. By early next year, we expect much of the overcapacity in the market will be resolved. Yoo says that HMM is also making investments in overseas port operations, like TTI / MSC's facilities in Long Beach and a container terminal in Algeciras, Spain (Both terminals are former Hanjin assets), so as to offset the underperformance of its core shipping business.

05 May 2004

New Intra-Europe Container Service Debut

Founded in March 2004 and based in Antwerp, Belgium, Delphis NV is a new company that will be active on the intra-European transport market. Delphis is targeting customers in need of European transport solutions : direct shippers, forwarders, deep sea lines and tank/bulk container operators. Delphis' first service is a new short sea container shipping connection between Gdansk (Poland) and Hull (UK). The 370 TEU mv "Smaragden" will be deployed on a weekly basis between these two ports, aimed at transporting door-to-door, feeder and third party equipment. The first sailing from Gdansk will be on Friday 7th of May 2004. In addition to a direct link and short transit time between Poland and the UK…