HMM hits choppier economic waters in Q2 as rates fall amid global tension - The Loadstar

HMM hits choppier economic waters in Q2 as rates fall amid global tension - The Loadstar

South Korean shipping line HMM has reported a profitable first half of the year, “despite trade headwinds” – but its Q2 numbers tell a different story.   The flagship carrier’s revenue for H1 was  KRW5.48bn ($3.97bn), giving it a net profit of KRW1.21bn ($879m) and an operating profit of KRW847bn ($614m), resulting in an operating margin of 15.5%.  Revenue was up 9.1% on H1 24 and net profit rose 5.7%, but operating ... The post HMM hits choppie…