HMM's first-quarter operating profit plunged 56% year-on-year to 269.1 billion won as declining ocean freight rates and Middle East conflict-driven cost increases weighed on profitability, though results met market expectations with a 9.9% operating margin ranking among global shipping leaders.
South Korea's Blue House strongly condemns attack on HMM vessel in Strait of Hormuz, vowing to identify perpetrators and consider response measures while enhancing maritime safety protocols for Korean ships in the region
HMM's fire-stricken vessel HMM NAMU begins towing to Dubai Port following explosion near Strait of Hormuz, with all 24 crew members safe and investigation scheduled to commence upon arrival on the 7th involving Korean Register, Maritime Safety Tribunal, and National Fire Agency experts.
HMM vessel catches fire near Strait of Hormuz with all 24 crew members confirmed safe; fire extinguished with government and company arranging tugboat to tow vessel to nearby port for damage assessment and investigation into explosion cause
HMM-operated vessel HMM NAMU suffers explosion and fire while anchored near UAE waters inside Strait of Hormuz with 24 crew members aboard; no casualties reported as South Korean government investigates cause and coordinates with regional authorities for crew safety
Eli n/a Lundahl
Yonhap Infomax News
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