News in Brief Podcast | Week 7 | Tariff pandemonium and port congestion
In this episode of The Loadstar’s News in Brief Podcast, host and news reporter Charlotte Goldstone ...
South Korean ocean carrier HMM has wiped out two-thirds of the losses it incurred in the past five years with a $1.95bn net profit in the third quarter.
The carrier racked up over $3bn in losses since 2016, bringing a period of financial restructuring and exclusion from a major alliance.
But the flagship carrier’s revenue in Q3 was, at $3.4bn, 134% up on Q3 20, driven by soaring container freight rates from Asia.
The carrier did not report its liftings for the quarter, ...
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