HMM’s earnings up 5.7% in H1
The Shanghai Containerised Freight Index reflected weaker freight rates during the period.
South Korea’s HMM has reported a 5.7% increase in its net profit, to reach $871.2m (KRW 1.21t) in the first half (H1) of 2025.
In a statement, the company said its revenue reached $3.95b (KRW 5.48t), up 9.7% during the first six months of the year.
“The Shanghai Containerised Freight Index (SCFI) averaged 1,701 points in H1 2025, down 27% from 2,319 a year earlier, reflecting weaker freight rates amidst continued US protectionist tariff measures and trade tensions,” HMM said.
The expiry of tariff grace periods and ongoing renegotiations are expected to increase market volatility, with regional demand shifts likely to sustain supply chain congestion.
“HMM will address these conditions through flexible fleet deployment, stable revenue from long-term contracts, including COA for bulk cargo, and cost reductions via vessel efficiency improvements,” the company said.
Under its 2030 mid-to-long-term strategy, HMM has already taken delivery of two of its nine 9,000-TEU methanol-powered containerships, with the remaining seven scheduled for delivery by H1 2026.
In the bulk sector, seven PCTCs ordered in 2023 are scheduled for sequential delivery from September 2025. Additional deployments will include four MPVs and two MR chemical tankers.
KRW1 = USD0.00072
