HMM said Friday it had shaved its year-over-year net loss by $94 million.
South Korea’s largest container carrier reported a first-quarter net loss of 65.6 billion won ($55 million), a 63.2% improvement from the 178.5 billion won ($149 million) net loss in Q1 2019.
HMM was among the Asian carriers criticized this week for receiving government aid while their European counterparts were struggling without federal assistance during the coronavirus crisis.
A European Commission source told American...
https://www.freightwaves.com/news/hmm-lessens-first-quarter-loss