Senior Europe Editor

HMM continues to search for profitability, recording a second quarter loss of $93 million despite making significant progress in slashing operating losses, increasing revenue, and increasing volume.The South Korean carrier — led by new CEO <a>Jae-hoon Bae</a> since March — has now gone without a quarterly operating profit since 2012, and that is unlikely to change anytime soon as growing trade issues in Asia and across the world hamper HMM’s progress toward greater financial stability.The global trade uncertainty is being driven by the United States-China trade conflict that is making the key trans-Pacific trade highly volatile, the instability in the...

It has been several years since Seoul-based container carrier HMM has managed to report a quarterly profit, and the second quarter of 2019 was no different.




Maritime

HMM cuts losses, warns of South Korea-Japan tensions

US LTL carrier Estes hit by widespread systems outage

FMC mediation office ramps up help for US shippers seeking dispute relief

Asian air export rates rose in Q3 as cargo demand stabilized 

Europe’s coming ETS surcharges based on ‘guesswork’: Sea-Intelligence 

Inland23: US-Mexico trucking costs rising with cross-border demand

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A systems outage that has left less-than-truckload carrier Estes grappling with email, website and data exchange issues is the latest such incident to befall the logistics and transportation industry. 

Use of the little-known arm of the FMC comes as shippers are increasingly turning to US maritime regulators to perform a consumer protection function in the aftermath of pandemic-linked disruptions and broad shipping reform that became law 15 months ago.

Rising airline costs and increasing air cargo demand over the last three months have largely insulated rate levels against a steady and significant increase in available air freight capacity.

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The Journal of Commerce is the most trusted source for maritime news and analysis about ocean container shipping, logistics, supply chains, global shipping ports, shipping technology solutions and end-to-end connectivity. Coverage tracks the movement of containerized cargo — from origin to destination — handled by marine terminals in the US and abroad, depots, container ports, container lines, drayage, consignees and shippers, forwarders, non-vessel operating common carriers (NVOCCs) and off-dock warehousing providers, as well as pricing, capacity, volume and reliability on the trans-Pacific, Asia-Europe, North America-Caribbean, Central and South America and intra-Asia trades.

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US LTL carrier Estes hit by widespread systems outage

FMC mediation office ramps up help for US shippers seeking dispute relief

Asian air export rates rose in Q3 as cargo demand stabilized