HMM could be in the red by as early as 2024 on the back of the steep decline in the Shanghai Containerized Freight Index (SCFI), according to Nomura.
The Japanese investment bank said the South Korean liner giant will likely start posting operating losses from the second half of next year.
Between 2015-2016, Asia container line operators recorded negative operating results due to the drop in SCFI, according to Nomura analyst Eon Hwang.
