South Korean liner giant HMM has waved goodbye to an era of record profits and warned that container freight markets will continue to cool.
The Seoul-based carrier logged a net profit of KRW 2.6trn ($1.9bn) for the third quarter — 11% down on the record KRW 2.9trn in the previous three months.
The company expects a further unravelling in the coming months of factors that have underpinned container markets.
