South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
South Korean carrier HMM today reported a $55m net loss for the first quarter – a dramatic 63.2% improvement on the $149m it lost in the same period last year.
The carrier said its better bottom line was largely due to its cost-cutting efforts, as revenues remained largely unchanged year on year, at $1.1bn.
That shows freight rates held up surprisingly well during the period, as HMM volumes declined by 18.7% to 890,000 teu as the fallout from the pandemic began to ...
Outlook for container shipping 'more uncertain now than at the onset of Covid'
Shippers warned: don't under-value US exports to avoid tariffs – 'CBP will catch you'
Cancelled voyages take the sting out of spot rate declines this week
New Houthi warning to shipping as rebel group targets specific companies
Teamsters union vows UPS will be 'in for a hell of a fight' over jobs cull
K+N CEO unveils impact of US import tariffs on China-origin goods
Blanked sailings in response to falling demand 'just a stop-gap solution'
CMA CGM to reflag box ship as the French carrier eyes growing Indian market
More pressure on transpacific rates as carriers bet on a China-US trade deal
Boeing looks to resell up to 50 aircraft rejected by Chinese buyers
'Strong start' to 2025, despite market uncertainty, says Kuehne + Nagel
US Customs chaos means 'more downside risk than upside potential' for air cargo
Taiwan ministries act to mitigate effect of trade war on agriculture exports
Wan Hai joins box shipping 'arms race', but avoids Chinese yards for newbuilds
MOL signs up with Climeworks for direct air carbon capture and storage
Comment on this article