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 KW5.4trn (US$4.67bn), 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 …
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