OOCL gains market share in Q1, with 'very strong' financials unveiled by Cosco
Volumes carried by Cosco-owned container line OOCL in the first quarter soared, compared with the ...
Hyundai Merchant Marine (HMM) has calmed the waters that led it to the brink of bankruptcy with first-quarter results showing a reduction in operating losses and an upturn in volumes handled.
The heir-apparent to Hanjin as South Korea’s de facto flag-carrier, HMM reduced its operating loss to $117m in the three months to March, compared with $144m last year.
Volumes were up 37%, year on year, to 958,000 teu, with spikes of 41.4% and 62.4% on shipments to the Americas and Asia.
HMM chief executive ...
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