HMM Optimistic About Ships and Alliances After Ending 2018 with $720m in the Red

Subsidized South Korean ocean carrier Hyundai Merchant Marine (HMM) ended the year some $720m in the red.
Due to its aggressive drive to regain the market share HMM’s revenue improved by only 3.9% to W5.2trn.
In October 2018, HMM placed a $2.6bn order with South Korean shipyards for vessels arriving in second quarter of 2020.
Now, April 2018 launched HMM weekly standalone service deploying Panamax containerships is in the process of upsizing.
HMM’s capacity is expected to increase from the...