HMM narrows 2016 loss on year-end revenue gains

In posting an operating loss of $595 million for 2016, South Korean carrier Hyundai Merchant Marine (HMM) reported a narrowed loss in the fourth quarter and its largest quarterly revenue of the year, but weaker pricing power.
“Average freight rates dripped to their lowest levels in the company’s history in the… Source: http://www.joc.com

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