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.

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