HMM slides into deeper keo nha cai 247

Net losses keo nha cai 247 the three months ending on June 30 widened to Won242.7bn (5.2m) from Won175.7m keo nha cai 247 the first quarter of the year and Won173.7bn keo nha cai 247 the same period a year ago.
Operating losses also worsened to Won199.8bn from Won170.1bn keo nha cai 247 the first quarter of the year and Won128.1bn keo nha cai 247 the second quarter of last year.

“Higher bunker costs and lower average freight rates deteriorated keo nha cai 247 second-quarter results,” keo nha cai 247 South Korean carrier said.

It added that average unit cost of Bunker C oil 380 cSt keo nha cai 247 the second quarter had increased 26.7% year on year.

The weaker quarterly earnings come despite a 17% jump year on year keo nha cai 247 liftings to 1.15m teu and a standstill keo nha cai 247 revenue to Won1.24trn.

Load factor reached 79.1% keo nha cai 247 the past quarter, up four percentage points from a year ago.

HMM expected rates as well as load factor to improve keo nha cai 247 the third quarter amid traditional peak season.

It also said it would continue its efforts to secure additional cargo volume before taking over newly ordered, eco-friendly mega container ships.

The Seoul-listed shipping line signed letters of intent keo nha cai 247 June with three compatriot shipbuilders to build a dozen 23,000 teu ships and eight 14,000 teu vessels to be delivered between 2020 and 2021.

Source: Lloyd’s List