HMM reduces deficit despite threats in global economy

The deficit got smaller at South Korean container line HMM in the third quarter. But the company still sees many risks in the global economy, and the transition to a new alliance is also a focus point.

Photo: PR / HMM

South Korean container shipping line HMM is still losing money, but the deficit has become significantly smaller, the company's results for the third quarter, published Thursday, show.

HMM exits the third quarter with an operating deficit of KRW 46.6 billion (USD 39.8 million). This is a significant improvement compared to the same quarter last year, where the deficit came to KRW 123.1 billion.

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