News / Another profitable quarter, but HMM sees 'considerable uncertainties' ahead

HMM Algeciras: Source HMM

South Korea’s national flagship carrier, HMM, reported a net profit of $2.24bn in the second quarter, for a $4.62bn half-year result – but is decidedly pessimistic on the outlook.

Similarly, last week, Maersk said it expected “a progressive decline” from the fourth quarter, and ONE has so far declined to forecast earnings for its full year, ending on 31 March, due to “market uncertainties”.

Nevertheless, with a very profitable third quarter now guaranteed for the sector, John McCown, founder of New York-based ...