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  • DynaLiners Daily – HMM makes progress; remains loss making

    HMM’s nine-month financial results are unique in that sense that the South Korean carrier is probably the only major operator (besides troubled PIL) posting a loss in the first nine months of this year. Despite a revenue increase of 6% to KRW 3.88 trillion (USD 3.32 billion) and an operating profit of KRW 352 billion (USD 301 million), in combination with a reduction in carryings of 15% to 2.82 million TEU, the company posted a net loss of KRW 12.8 billion (USD 11 million). Notwithstanding, on a quarterly basis, the company posted a net profit of KRW 24.6 billion (USD 20 million).