South Korean ocean carrier HMM has posted its first annual profit for five years, despite a decrease in its liftings.
Revenue last year surged by 16.3%, compared with 2019, to $5.43bn, earned from a 9.2% decline in its container volume to 3.89m teu.
Net profit came in at $105m, in comparison with a loss of $500m the year before.
HMM moved back into the black in the fourth quarter, recording a net profit $137m, …
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Source: The Loadstar