2020 will be another year with great uncertainty for shipping companies across the world, says Jae-hoon Bae, chief executive at South Korean container line HMM. It will also be the year when the company starts taking delivery of 12 new container vessels of 24,000 teu, which will gradually enter the fleet from the second quarter onward.
These mega-ships are a key part of the shipping line's ambition to reach a capacity of 1 million teu and an annual revenue exceeding USD 10 billion. HMM has set no deadline for when this ambition must be realized, but in its latest fiscal report from the third quarter 2019 the company booked an operating deficit.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.
More from ShippingWatch
Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.