HMM’s Ambitions a Worry for Peers, Not a Reason To Panic — Panjiva


HMM’s Ambitions a Worry for Peers, Not a Reason To Panic

Corp - Shipping 608 Mode - Containerized 1005 Mode - Seaborne 1273 U.S. 3297

Container-line HMM has set out growth plans for 2021 that will double its existing fleet and targets a market share of 7% of east-west Transpacific shipping. At first glance HMM’s expansion plans may be a concern for the shipping industry given it has managed to survive despite making an aggregate loss at the EBITDA line of 1.18 trillion won ($1.10 billion) since the start of 2015. Yet, HMM already had a 6.8% share of traffic from 18 Pacific rim nations to the U.S. west coast in the 12 months to Oct. 31. The risk would come if it targeted a 7% share specifically on China-U.S. west coast ...

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