KOREA’s leading carrier HMM, formerly Hyundai Merchant Marine, posted a 90 per cent year-on-year drop in 2023 net profit to US$754 million. Still, HMM was able to post a $32 million operating profit that was accompanied by a fourth-quarter net profit of $225 million. Operating profit dropped 94 per cent to $483 million. HMM’s volume remained flat through the fourth quarter, with a late-December spike in the spot market following the Red Sea attacks on shipping having no effect on the carrier’s...
https://www.seanews.com.tr/hmm-profit-off-90pc-to-us-754-million-after-covid-bonanza/199637/