HMM posted a net profit of $310m for the first six months of the year, but its bottom-line result would have been substantially better without a $1.7bn loss from derivatives transactions.
The South Korean carrier’s revenues almost doubled, compared with H1 20, to $4.56bn, from an 8.4% increase in carryings of 1.93m teu, producing an above-industry par average rate of $2,362 per teu.
Indeed, Maersk reported an average rate of $1,519 per …
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Source: The Loadstar