ShippingWatch

HMM still in the black but sees several worrying signs ahead

South Korea's biggest container line, HMM, also makes a strong exit from the third quarter. But the company is concerned about the surge in Covid-19 cases and the US Presidential Election.

Photo: PR / HMM

South Korean container major HMM has, like most of its rivals, fared well during the coronavirus crisis.

Tight capacity control during the first wave of the outbreak and large inventory build-up in the US and Europe have led to some of the highest rates on container freight seen in a long time.

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

More from ShippingWatch

Hapag-Lloyd upgrades its full-year forecast

Hapag-Lloyd upgrades its full-year forecast for 2021, as the container carrier's operating result increased by close to USD 3 billion in the first half of the year, according to preliminary figures released Friday.

Port congestion and sky-rocketing freight rates hit Barbie

The explosion in freight rates and historic shortage of capacity have a notable impact on global toy companies Mattel and Hasbro, the manufacturers of Barbie and Peppa Pig. Price increases and new production set-ups are among the responses.

Further reading

Related articles

Trial banner

Latest news

See all jobs