MSC revamps east-west network as alliance strategies on blanking vary
As container lines try to manage capacity in the face of wild swings in short-term ...
By Mike Wackett
Subsidised South Korean ocean carrier Hyundai Merchant Marine (HMM) continued to bleed money in the final quarter of 2018, to end the year some Won808bn ($720m) in the red.
It attributed the loss, which follows a $1.1bn deficit the previous year, to increased fuel costs, the Iran sanctions and “delay in rate recovery”.
HMM transported 4.46m teu in the 12 months, which was 10.6% higher than the year before, as it stepped up its sales efforts.
In a brief comment on its sector ...
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