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HMM reduced deficit but remains strained by global unrest

South Korean liner major HMM grew its revenue significantly in the second quarter, though trade tensions, Middle East unrest and a looming Brexit continues to strain the company, which is still losing money. However, the switch from 2M to The Alliance is expected to bring gains.

Photo: PR / HMM

HMM reports a new deficit for the second quarter.

The South Korean shipping line was able to grow its revenue by almost 13 percent compared to the same period last year, but even though the deficit was reduced by close to 45 percent, the company still finished the second quarter with an operating loss of KRW 112.9 billion (USD 93.1 million).

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