ShippingWatch

Corona pandemic cost HMM one in five containers

The effects of the corona pandemic hit South Korea's HMM in the first quarter, in which the shipping line transported almost 20 percent fewer containers. Prospects for the second quarter are uncertain for a number of reasons.

Photo: HMM

South Korean container major HMM was impacted by the coronavirus outbreak in the first quarter, according to the carrier's interim report, published on Friday.

The total number containers transported by the shipping line in the first three months dropped by 18.7 percent as a consequence of the problems that arose in the supply chain, first and foremost in March and especially in China.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

"Mixed lobbying" hinders Maersk from elite status on climate efforts

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.

Danske Bank makes commitment to CO2 neutral loan portfolio by 2050

By 2050 at the latest, Danske Bank's loan portfolio must be fully CO2 neutral. The bank, which provides loans to shipping as well as the oil and gas sector and also supports the Poseidon Principles, isn't ready yet to set out short-term intermediate targets on the road towards CO2 neutrality.

Further reading

Related articles

Trial banner

Latest news

See all jobs