IS THE SM GROUP THE NEXT OCEAN FREIGHT DISRUPTOR?

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ABOUTXENETA

At Xeneta we believe there is an untapped potential for everyone in the industry, to systematically learn from our individual and collective efforts. We hold true that "if you cannot measure it, you cannot improve it". That’s why we think actionable metrics is the key to continuously evolve for every business, and ultimately the entire industry. Rethinking global logistics is the vision of Xeneta.

With international experience from the logistics industry, we have first-hand knowledge of the challenges related to high volatility and lack of transparency in the ocean freight market. By combining logistics background and information technology expertise, we found the solution

WE ARE TRANSFORMING GLOBAL LOGISTICS

ARE YOU PAYING THE RIGHT CONTAINER

FREIGHT RATES?

DISCOVER SAVINGS POTENTIAL IN REAL

TIME.

CONTACT US.

KOREAN CONGLOMERATE, SM GROUP, IS AIMING TO BE A TOP 20 CONTAINER VESSEL OPERATOR BY FOCUSING ON THE TRANSPACIFIC AND INTRA-ASIA ROUTES. WHILE MANY FEAR THAT THE MIGHTY MAERSK WILL TAKE OVER EVERYTHING AND CLAIM WORLD DOMINANCE, SM GROUP ISN'T SCARED EASILY.

IS THERE ROOM FOR A NEW ENTRANT INTO THE OCEAN FREIGHT

MARKET?

APPARENTLY SM GROUP BELIEVES SO WITH ITS NEWLEY FORMED SM LINE CORPORATION AND SOURCE 21 VESSELS.

THE KOREAN CONGLOMERATE HAS ACQUIRED NUMEROUS COMPANIES INCLUDING TK CHEMICAL AND WOOBANG IN 2008 AND VENTURED INTO THE OCEAN FREIGHT MARKET IN 2013 WITH THE ACQUISITION OF KOREA LINE, A DRY BULK AND TANKER OPERATOR.

WHO IS SM GROUP?

SM

SAMRA MIDAS GROUP BEGAN AS A CONSTRUCTION FIRM IN 1988. OVER THE YEARS, IT DIVERSIFIED BY ADDING SHIPPING, CHEMICAL MATERIALS, COSMETICS, AND AUTO PARTS COMPANIES TO ITS PORTFOLIO RESULTING IN 20 SUBSIDIARIES OPERATING UNDER THE SM GROUP UMBRELLA.

THE GROUP TYPICALLY PURCHASES DISTRESSED AND BANKRUPTED COMPANIES. EARLIER IN 2016, IT PLANNED TO ACQUIRE SPP SHIPBUILDING’S SHIPYARD FROM ITS CREDITORS BUT FAILED IN ITS ATTEMPT.

JOIN US JANUARY 17TH FOR OUR NEXT QUARTERLY WEBINAR AS WE

ANALYZE CONTAINER SHIPPING PRICES FOR THE MAIN GLOBAL

ROUTES.

REGISTER NOW

AIMING FOR A MAJOR SPOT ON THE TRANSPACIFIC ROUTE

SM GROUP IS ON ITS WAY TO ACHIEVING A TOP 20

STATUS BY ACQUIRING HANJIN SHIPPING’S

ASIA-U.S. ROUTE. BEFORE ITS FALL FROM GRACE, HANJIN WAS A TOP 10

CONTAINER LINE ON THIS ROUTE.

WHILE IT MAY MAKE SENSE TO PLACE THIS ROUTE WITHIN KOREA

LINE’S OPERATION, APPARENTLY, IT WILL BE

KEPT SEPARATE BY CREATING A NEW

COMPANY CALLED SM LINES.

SPLASH 24/7 NOTES SM LINES WILL SOURCE 21 SHIPS CONSISTING OF SOME OF HANJIN’S FLEET, CHARTERS AND PURCHASED SECONDHAND VESSELS WITH PLANS TO LAUNCH THE LINE AS EARLY AS APRIL. IF NOT SM LINES WILL HAVE A FLEET OF ABOUT 110,000 SLOTS AND WOULD REPLACE IRAN’S IRISL AS THE WORLD’S 20TH LARGEST CONTAINER CARRIER, ACCORDING TO THE LATEST STATISTICS FROM ALPHALINER.

LEARN HOW XENETA CAN HELPYOU GET INSIGHT INTO YOUR

GLOBAL OCEAN FREIGHT PRICES.

REQUEST DEMO NOW

INTRA-ASIA ROUTES ARE ALSO AN OPTION

SM GROUP IS ON ITS WAY TO ACHIEVING A TOP 20

STATUS BY ACQUIRING HANJIN SHIPPING’S

ASIA-U.S. ROUTE. BEFORE ITS FALL FROM GRACE, HANJIN WAS A TOP 10

CONTAINER LINE ON THIS ROUTE.

WHILE IT MAY MAKE SENSE TO PLACE THIS ROUTE WITHIN KOREA

LINE’S OPERATION, APPARENTLY, IT WILL BE

KEPT SEPARATE BY CREATING A NEW

COMPANY CALLED SM LINES.

NOT ONLY WILL SM LINE BE FOCUSED ON THE TRANSPACIFIC LANE, IT IS ALSO INTERESTED IN THE INTRA-ASIA ROUTES.

IT IS IN DISCUSSION TO JOIN THE NEWLY MINTED HMM+K2, CONSISTING OF HYUNDAI MERCHANT MARINE (HMM), HEUNG-A SHIPPING AND SINOKOR MERCHANT MARINE, SCHEDULED TO BEGIN JOINT OPERATIONS IN MARCH.

DISCUSSIONS COULD BE A BIT CONTENTIOUS AS KOREA LINE AND HMM EACH MADE BIDS FOR HANJIN ASSETS WITH KOREA LINE WINNING OUT.

SPLASH 24/7 NOTES SM LINES WILL SOURCE 21 SHIPS CONSISTING OF SOME OF HANJIN’S FLEET, CHARTERS AND PURCHASED SECONDHAND VESSELS WITH PLANS TO LAUNCH THE LINE AS EARLY AS APRIL. IF NOT SM LINES WILL HAVE A FLEET OF ABOUT 110,000 SLOTS AND WOULD REPLACE IRAN’S IRISL AS THE WORLD’S 20TH LARGEST CONTAINER CARRIER, ACCORDING TO THE LATEST STATISTICS FROM ALPHALINER.

IN ADDITION, KOREA LINE REFUSED TO THROW A LIFE LINE TO HMM AND

AS A RESULT, HMM IS NOW UNDER KOREA DEVELOPMENT BANK.