Market exercises owners

摘要

With the container market anticipated to witness a better balance of demand-supply and the dry bulk market continuing to be sluggish, it's no surprise leading Korean shipowners like Hanjin Shipping and Hyundai Merchant Marine (HMM) are no longer betting on bulkers. Hanjin Shipping's current situation remains dire, although analysts are predicting an improved outlook. The shipowner stayed in the red in 2014 with a net loss of KRW423.3bn ($384.3m), though managed to narrow its loss of KRW680.2bn in 2013. Its revenue last year decreased 10.3% year-on-year to KRW8.65trn due chiefly to smaller contributions from its fleet as inefficient vessels were disposed of.