News / HMM unveils 2019 results as SM Line replaces it in 2M transpac tie-up

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Despite a decline in fourth-quarter revenues, South Korean carrier Hyundai Merchant Marine (HMM) saw annual sales last year increase by 5.6%  a return to profitability in Q4.

It said its 2019 revenue was KRW5.5trn (US$4.72bn), while its operating loss narrowed 45.6% to KRW304bn, as it prepares to join THE Alliance and begin deploying its new series of ultra-large container vessels (ULCVs) at the beginning of April.

The reduced operating loss represented a substantial improvement for the company on the KRW558.7bn ($479m) of ...