HMM has announced consolidated revenue of 8.54 trillion won and operating profit of 2.51 trillion won for the third quarter of 2024.
By business segment, the container division generated revenue of 7.38 trillion won, accounting for 86.3% of total sales. The bulk division contributed 1.01 trillion won (11.8%), while other segments added 160.7 billion won (1.9%).
Geographically, the Americas route led revenue generation with 3.09 trillion won, followed by the European route with 2.34 trillion won and the Asian route with 1.14 trillion won. The North-South route and other regions recorded revenues of 925.2 billion won and 1.05 trillion won respectively.
The company is actively pursuing investments in eco-friendly fleet expansion. HMM has announced plans to invest approximately 23.5 trillion won by 2030, including orders for nine 9,000 TEU methanol-powered container vessels.
Korea Development Bank, the largest shareholder, held a 30.87% stake as of the end of Q3, which increased to 33.73% in October 2024 following the conversion of convertible bonds into shares.
“We have achieved stable performance despite uncertainties in the global shipping market,” said a company representative. “We will continue sustainable growth through eco-friendly vessel expansion and service quality improvement.”
The company’s commitment to environmental initiatives is reflected in its investment strategy, focusing on reducing carbon emissions and meeting stricter environmental regulations in the shipping industry.
