Global container trade still strong, but front-loading not the cause
Global container traffic in January continued to show underlying strength, according to recently released figures ...
South Korean container line HMM is yet another major carrier to enjoy a bumper 2024, today reporting a 500% increase in operating profits, to $2.42bn.
Revenue for the year was $8.05bn, 39% up on 2023, delivering an operating margin of 30%, “demonstrating [HMM’s] competitiveness in the global shipping market”, it said, adding that its debt ratio was maintained over the year at 21%.
“The strong performance was driven by strategic fleet expansion and network optimisation – deploying 12 13,000 teu newbuilds, enhancing ...
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