Independent journal on economy and transport policy
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SHIPPING
HMM recorded a very positive third quarter in both the container and bulk segments
In the period, the fleet transported 1.1 million containers (+8.4%)
Seul
November 12, 2026
In the third quarter of 2026, the company's revenues of
South Korean shipping HMM increased by +52.5% compared to the previous year.
same period last year, having risen to 4,127.1 billion
won ($3.1 billion). The strong growth was
generated by the significant increase in the value of the turnover of the
the Group's containerized maritime transport activities,
which totaled 87% of the total turnover, but
also from bulk shipping activities
operated by HMM, which accounted for 12% of total revenues.
The quarterly turnover generated by the activities of the
container ship of the company's fleet amounted to
3,595.9 billion won (+53.6%), of which 1,369.8 billion were generated
from scheduled services with America (+68.5%), 1,181.2 billion from
those with Europe (+48.8%), 356.7 billion from Asian services
(-7.0%) and 688.2 billion won from North-South maritime services
(+103,0%). The marked increase in turnover contributed to the
mainly the sharp increase of +54.9% in the average value of freight rates
which was equal to 1,953 dollars/TEU, but also the
Growth in volumes of containerized goods transported by ships
of the HMM which amounted to 1.11 million TEUs (+8.4%),
of which 430 thousand TEUs transported on transpacific routes (+18.4%),
321 thousand TEUs on Asia-Europe routes (+12.5%), 189 thousand TEUs on routes
(-22.2%) and 165 thousand TEUs on North-South routes
(+23,6%).
In the bulk transport segment, which HMM is
significantly strengthening with the objective - set by the Strategy
approved last July by the Board of Directors - of
Elevate this specific fleet to 110 ships for a capacity
of 13.52 million deadweight tonnes by
2030, revenue stood at 489.7 billion won
(+54.9%), of which 252.9 billion produced by bulk transport
liquid (+93.6%) and €236.7 billion from the transport of dry bulk
(+27,7%).
In the third quarter of this year, total operating costs
marked a smaller increase of +16.7% rising to 2,604.9
billion won. Operating profit was 1,394.6
billion (+369.8%), with a contribution of 1,251.5 billion from
container ships (+335.3%) and 139.1 billion from bulk cargo
(+2.991,1%). Net income was 1,535.2 billion won
(+405,3%).
In the first nine months of 2026, HMM reported sales of
10,247.8 billion won, up +25.2% on the corresponding
last year, of which 8,669.6 billion produced by the
containers (+24.3%) and 1,451.0 billion from bulk (+38.4%).
Operating profit amounted to €2,017.9 billion (+76.4%) and
net profit at €2,300.2 billion (+51.8%).
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