HMM Tipped to Report Profit in Q2 for 1st Time in 5 Years on Rising Freight Rates

SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s leading shipper HMM Co. is forecast to return to the black in the second quarter of the year, snapping its 21 consecutive quarters of net losses, on the back of a rise in shipping charges and decreasing fuel costs, industry sources said Sunday. “The rosy outlook of [...]