Supply Chain Research

HMM and SM Line are reportedly expanding their shipping services from South Korea to the U.S. and Europe in response to a request from the South Korean government. That’s at least the second time HMM has done so after extending temporary services last October, though since then there has been an apparent redirection of services. U.S. seaborne imports from South Korea handled by SM Line fell by 65.6% year over year in April while those shipped by HMM fell by 21.1%. The downturn appears to be driven in part by reduced shipments linked to Hyundai Mobis and Hyundai Glovis which dropped by 74...