HMM sets new record but expects more challenging market ahead

The first half of 2022 provided HMM with its largest revenue and profit to date. But ahead waits a market with squeezed demand, whereas continued congestion is keeping rates high for the time being.

Photo: Federico Gambarini/AP/Ritzau Scanpix

South Korean container line HMM came out of the first half-year with record-high revenue and ditto operating result, however, the carrier expects the market to be under pressure for the rest of the year due to a weakened world economy.

HMM had revenue of KRW 9.953trn (USD 7.62bn) in H1 against KRW 5.335trn in the same period last year.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
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

Further reading

Related articles

Latest news

See all jobs