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HMM becalmed in the red, 'challenged' by high slot costs and low rates

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Hyundai Merchant Marine (HMM) handled 46% more containers between April and June this year than last, but its freight rate strategy has kept the South Korean carrier heavily in the red.

HMM’s revenue was up by 22% to KRW1.24trn on liftings of 986,000 teu, but it appears ...

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