Hyundai Merchant Marine increased its first quarter revenues by 7% on a year earlier. A 15% jump in the containerized business offset a drop in bulk operations. There may be more growth to come from the container business. Average rates fell 2% in the first quarter on the fourth vs. market rates that increased by 7%. Such a recovery is needed for the long term health of the firm. It still failed to generate cash before investments for a seventh straight quarter. The company has been cutting debt via equity increases and sale-and-leaseback arrangements but still has the second highest gea...