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Is pause in new ship orders by South Korean flag carrier a warning?
['Stuart Chirls', 'July', 'Min Read']
Yahoo Finance
South Korea's flag carrier is dramatically shifting course on new vessel orders in a move that could be a warning signal to global shipping.
HMM has capacity of 1.01–1.03 million container units across a fleet of around 70–97 vessels, making it the only Korean liner in the global top‑10 by capacity.
It rosters a mix of ultra‑large 24,000‑TEU ships, including two of the largest ships currently operating, and smaller feeders.
This is above the market consensus operating profit estimate of $240 million, as reported by AJP News Agency.
Operating profit comes in at $1.2 billion, better by 19.8%.