Container

HMM reduced its deficit in the first quarter

The bottom line remains red, but cost reductions helped HMM lower its deficit in the first quarter of the year. But the carrier is still struggling with low demand and high oil prices.
Photo: Hyundai Merchant Marine
Photo: Hyundai Merchant Marine
by ANDERS PETRI

South Korean container carrier Hyundai Merchant Marine (HMM), a strategic partner with Maersk Line and MSC' 2M alliance, began 2017 with a negative bottom line.

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