South Korean container shipping company HMM saw its revenue rose 34.7% to US$14.57 billion in 2022, while its operating profit increased by 34.8% to US$7.8 billion.
The net profit of the ocean carrier came to US$7.89 billion, up from US$4.18 billion a year earlier with the operating margin reaching 53.5%, remaining at the same level as last year.
“The freight rates in most key trade lanes have been under downward pressure since the first half of 2022, led by a slowdown in demand and the ease of...
https://container-news.com/hmm-achieves-annual-profits-of-over-us7-billion/