NEWS 2

HMM’s 2018 Total Revenue Records KRW 5222.1 Billion

▶ HMM’s total revenue in 2018 rose 3.9% (+KRW 194.1 bn) YoY to KRW 5222.1 billion and operating income recorded KRW -576.5 billion.

▶ HMM’s total revenue in Q4 2018 rose 21.7% (+KRW 257.5 bn) YoY to KRW 1445.5 billion and operating income has improved to KRW -83.5 billion.

▶ HMM’s container handling volumes in 2018 increased to 4,459,037 TEU, up 427,639 TEU (10.6%) compared to last year.

Item ‘2018 ‘2017 YoY ‘2016
Handling Volume
(Unit: TEU)
4,459,037 4,031,398 10.6% 3,091,746

▶ Debt Ratio has improved from 301.6% in 2017 to 282.4% in 2018.

▶ Cargo volume headed to the US has increased due to the effects of the US-China trade conflict and the Chinese New Year holiday.

▶ Overall freight rate stayed weak due to a delay in regional rate recovery, volume decrease resulting from Iran sanctions, and continuous competition in the regional market. The burden of fuel costs also increased in the container business, as fuel costs dramatically rose compared to last year.

Item ‘2018 ‘2017 YoY 2018. Q4 2018. Q3
Average Bunker Cost
(Unit: U$/Ton)
424 321 32% 465 445
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