Dear AuctionExport Dealers,

Our office will be closed on Monday September 4th to celebrate Labor Day. Regular working hours will resume on Tuesday, September 5th. All biddings will operate as usual, so you are welcome to place your bids or buy nows. 

We wish you happy holidays!

We wish you happiness and mercy from Allah!  Happy Eid Mubarak!

May you all have a very happy and blessed Eid. Enjoy these amazing days!

HMM Sets Record at Busan

South Korean shipper Hyundai Merchant Marine announced a new record for its cargo volume at Busan Port.

The company's TEU level reached 167,018, marking a year-over-year increase of 93%. Transit cargo jumped 133% to 85,717 TEUs.

HMM is now trailing only Maersk in the market share category. Its global shipping alliance with 2M and newly purchased overseas terminal assets have contributed to the bottom line.

According to Piers Data, HMM’s volume in Asia – US West coast increased by 63% for a market share of 7%.

“We will do our best to grow further as Korea’s national carrier and contribute to rebuilding Korea’s maritime business,” HMM said.

Sailing out of Texas might be delayed due to the Tropical storm Harvey 

Dear Customers, please note that some of the cargo might be delayed due to Tropical Storm Harvey.

We will keep you posted, appreciate your patience and understanding.

Thank you

Notice due to Tropical Storm Harvey

The remnants of TS Harvey have reformed into a depression and is expected to strengthen back into a tropical storm by later today.  The NHC has issued a Tropical Storm watch for Galveston. The system is moving northwest and is expected to make landfall near Matagorda Bay mid-late Friday as a tropical storm or category 1 hurricane.  Tropical Storm force winds (>39mph) can be expected to arrive in the area by Friday afternoon.  The major concern with this system will be the rainfall totals. 10"-15" with localized rates of 20" can be expected near and to the east of landfall.