CEVA, HMM sign ocean capacity agreement

CEVA, HMM sign ocean capacity agreement

CEVA Logistics has signed a new multi-year agreement with Hyundai Merchant Marine (HMM) to expand cooperation.

HMM was already an existing ocean carrier for CEVA. The newly signed agreement will now extend the cooperation to 2025 and brings CEVA’s strategic ocean partner network to 14 global and regional carriers.

“Our position as a leading NVOCC is dependent on the strong relationships we maintain with ocean carriers,” said Stephane Gautrais, Global Head of Ocean Freight, CEVA Logistics.

Despite challenging market conditions, HMM has proven to be a strong, reliable partner over the last several years, and this agreement solidifies and expands what we expect to be a long-term, strategic relationship that will enable us to make vital connections in global commerce in service to our ocean cargo customers.”

READ: HMM, PANASIA to study onboard carbon capture system

“CEVA Logistics has been long term partnered, proven and recognised a VIP customer to work with HMM,” added Jeremy Choi, Chief Global Trade Management, HMM.

“We cherish the strategic relation and business collaboration having been built up for many years. Based on this agreement, we anticipate both companies create and provide more workable and productive solutions together to the market customers in need.”

HMM recently outlined its KRW 15 trillion ($11.45 billion) growth plan to become a global top-rated shipping and logistics company.

The carrier will expand its service network with an eco-friendly container fleet of 1.2 million TEU by 2026.

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