Container

Mega-ships flooding into HMM amidst uncertain 2024

The South Korean container line, which is in the midst of an unresolved sale process, describes 2024 as uncertain and characterized by overcapacity.
HMM is in the midst of an unresolved sales process after buyer Harim dropped negotiations with the state-controlled owners. | Photo: Axel Heimken/AP/Ritzau Scanpix
HMM is in the midst of an unresolved sales process after buyer Harim dropped negotiations with the state-controlled owners. | Photo: Axel Heimken/AP/Ritzau Scanpix
by TOMAS KRISTIANSEN

Container line HMM made a profit after tax of KRW 1bn (USD 750,000) in 2023, and thus remained in the black in a difficult year, the company writes in its financial statements.

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