News / 'New services and focus on profitability' produce bumper Q3 for HMM

ID 238452603 © Marion Meyer | Dreamstime.com

South Korean container carrier HMM was today the latest carrier to report bumper third-quarter figures following soaring spot rates earlier in the year.

HMM today published third-quarter revenues of SKw3,552bn ($2.53bn), a 67% year-on-year rise over the same period in 2023.

Meanwhile, its profits soared: Q3 EBIT of SKw1,461bn was an astonishing 1,822% above the SKw76bn posted last year, and net profit grew 1,731%, to SKw1,739bn.

The results came via a 41.1% operating margin, which the carrier claimed was the highest in the ...