Profits on considerably lower volumes are the trend in this pandemic blighted year. But South Korea’s serial underachievers at HMM, normally the onion in the apple pile, said its membership of THE Alliance (THEA) and its new 24,000TEU vessels have reduced costs and boosted income.
According to the line operating profits in the first half year were largely achieved through the rationalisation of services, cost reduction and increased freight rates.
However, the line also saw volumes in the period...
https://container-news.com/hmm-sees-profit-as-transpacific-builds-on-peak-season-demand/