Korean shipowner Hyundai Merchant Marine (HMM) has logged a loss from higher revenue in the third quarter.

The boxship, bulker and tanker company said the net deficit to 30 September was KRW 60.3bn ($53.9m), from a profit of KRW 297.1bn in the same period of 2016.

The figure was boosted last year by the sale of Hyundai Securities for KRW 1.23