ShippingWatch

HMM delivers best ever operating profit in the first quarter

South Korean container line HMM exits the first months of the year in an overheated container market with the highest operating result ever. The development will last through at least the second quarter, estimates the company.

Photo: PR / Port of Hamburg

South Korean container line HMM joins its competitors in reporting great progress in the first quarter, wherein enormous demand coupled with capacity shortages have sent the container market on a historic upturn.

The South Korean company saw its revenue increase by nearly 85 percent in the first quarter to a total of KRW 2.4 trillion (USD 2.1 billion) from KRW 1.3 trillion in the first quarter of 2020, writes the carrier in its interim report, published Friday.

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

Argentine port workers strike for access to Covid-19 vaccines

Nine unions representing Argentine port workers have announced a 24-hour strike in protest against the lack of access to coronavirus vaccines. The strike takes place amidst a new coronavirus outbreak in the country, which is a major dry bulk exporter.

Tradelens hopeful that major Maersk rivals will soon be integrated

Hapag-Lloyd and ONE continues to be absent on the digital platform Tradelens even though they announced they would join two years ago. "We are hopeful that they will be joining very soon," says Head of Tradelens Mike White. Hapag-Lloyd expects to make a decision soon.

Further reading

Related articles

Latest news

See all jobs