According to a report by Standard & Poor's Global in London, South Korea's HMM stated that it will pursue high-yield cargo and new routes to offset market weakness after its net profit fell by 83% in the third quarter.

The airline warned that market conditions in the fourth quarter would remain weak due to the traditional year-end off-season and the uncertainty surrounding the ever-changing US tariff policies. The report stated that operations had been optimized through adjustments to port calls and vessel deployment across trade lanes.

HMM added that it would prioritize the development of high-yield freight sectors, such as refrigerated cargo, out-of-gauge freight, and other special cargo, while exploring new trade routes to enhance profitability. No details of the changes being considered were provided.

Net profit fell from $1.2 billion in the same period last year to $208 million from July to September. Due to the significant reduction in freight rates, the company reported a sharp decline from $2.4 billion to $1.8 billion.

The Shanghai Containerized Freight Index rose by an average of 1,481 points in the third quarter, marking a 52% decrease from last year's 3,082 points. Nevertheless, HMM stated that its operating profit margin remained at 11%, reflecting cost optimization and efficient operations.

According to Sea-web's data, HMM ranks eighth in terms of production capacity, with its cumulative net profit for the first nine months declining by 48% from last year's $1.9 billion to $1 billion. Revenue for the nine-month period decreased by 4% to $5.6 billion.

The airline warned that market conditions in the fourth quarter would remain weak due to the traditional year-end off-season and the uncertainty surrounding the ever-changing US tariff policies. The report stated that operations had been optimized through adjustments to port calls and vessel deployment across trade lanes.

HMM added that it would prioritize the development of high-yield freight sectors, such as refrigerated cargo, out-of-gauge freight, and other special cargo, while exploring new trade routes to enhance profitability. No details of the changes being considered were provided.

Net profit fell from $1.2 billion in the same period last year to $208 million from July to September. Due to the significant reduction in freight rates, the company reported a sharp decline from $2.4 billion to $1.8 billion.

The Shanghai Containerized Freight Index rose by an average of 1,481 points in the third quarter, marking a 52% decrease from last year's 3,082 points. Nevertheless, HMM stated that its operating profit margin remained at 11%, reflecting cost optimization and efficient operations.

According to Sea-web's data, HMM ranks eighth in terms of production capacity, with its cumulative net profit for the first nine months declining by 48% from last year's $1.9 billion to $1 billion. Revenue for the nine-month period decreased by 4% to $5.6 billion.

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