HMM Supports Long-Term Transportation for Exporting SMEs
[Asia Economy Reporter Dongwoo Lee] HMM supports the export cargo transportation of small and medium-sized enterprises (SMEs) struggling due to COVID-19.
On the 2nd, HMM announced that it signed a "Business Agreement for Long-term Transportation Support for Exporting SMEs" with the Small and Medium Business Corporation.
With this business agreement, HMM secured additional space of 50 TEU for Europe-bound shipments, in addition to the 350 TEU per voyage for America-bound shipments secured last year, and decided to prioritize providing this space to SMEs. The cooperation period is extended until December this year, with the possibility of further extension through consultation.
HMM and the Small and Medium Business Corporation plan to continuously promote maritime transportation support to resolve and normalize export logistics difficulties faced by SMEs due to COVID-19. They also plan to mutually strive to provide related information, promote projects, link support programs, and develop joint cooperation projects for SMEs in the future.
Previously, from November last year, HMM and the Small and Medium Business Corporation temporarily promoted maritime transportation support projects, supporting a total of 16 voyages and 5,018 TEU of export cargo shipments for SMEs on America-bound routes.
The business agreement ceremony held at HMM’s headquarters was attended by HMM CEO Jaehoon Bae, Small and Medium Business Corporation Chairman Hakdo Kim, Director Jaewoo Jeon of the Ministry of Oceans and Fisheries’ Shipping and Logistics Bureau, and Yongseok Noh, Global Growth Policy Officer of the Ministry of SMEs and Startups.
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CEO Bae said, “We will support strengthening the competitiveness of domestic SMEs through smooth maritime exports,” adding, “As a leading national shipping company, we will take responsibility and make every effort to ensure that export companies’ cargo is transported without disruption.”
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