News / HMM to follow Maersk lead and aim to become a logistics player, says CEO

South Korean carrier HMM is looking to follow some of its peers and transform itself into a logistics business to underpin its rapid expansion strategy.

In his new year message to staff, HMM CEO Jae Hoon Bae (pictured) said the carrier “should not limit itself” to the liner sector, but develop its interest in “comprehensive logistics” to build a bigger future.

The carrier is expected to record its first annual profit for 2020 after racking up $3.5bn of losses over the previous ...