Hyundai tops chart as world’s best on-time ocean carrier

Hyundai tops chart as world's best on-time ocean carrier

KOREA's Hyundai Merchant Marine (HMM) is the best ocean carrier in the world for being on-time for port calls, according to SeaIntel's latest report.

11 October 2017 - 20:00 - Update: 12 October 2017 - 09:27

The Denmark-based market global intelligence provider revealed that HMM, the 14th largest container shipping company in the world by TEU capacity, has made its debut appearance at the top of the charts after reaching an 85.4 per cent on-time maintenance of its sailing schedule for August 2017.

SeaIntel said that the liner had the highest figure among shipping companies checked, gaining 10.2 per cent on the 75.2 per cent worldwide average for 18 leading shipping lines.

Lars Jensen, CEO, SeaIntelligence, recently forecasted the industry's developments as far into the future as 2025 in his "Liner Shipping in 2025" technical paper.

Compared to the month before, the latest reading marks a 1.3 per cent gain from the previous month that pushed the company up from fourth place.

HMM recently strengthened its shipping connections by joining as a junior partner in the 2M Alliance partnership between Maersk Line and Mediterranean Shipping Company.

Excluding its partners in 2M, the on-time performance of HMM jumped to 94.6 per cent.




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