As Hyundai Merchant Marine Co. (HMM) has been struggling with losses for 15 quarters in a row, creditors, including Korea Development Bank (KDB), are paying keen attention to the firm’s Q1 earnings results to be announced in the middle of this month. The ailing shipping company is expected to post a net loss again and if its loss reaches 200 billion won (US$171.38 million) as it did in the previous quarter, it needs an additional financial support as its capital impairment ratio will surge to...
https://container-news.com/hmm-struggling-losses-kdb-dilemma/