Hyundai Merchant Marine (HMM) posted revenues of USD 4,534 million at the close of the first half of 2026, with a net profit of USD 566.7 million and an operating profit of USD 461.5 million, resulting in an operating margin of 10.2%.
Meanwhile, during the second quarter of the current year, the company recorded revenues of USD 2,520 million. Net profit was USD 304.4 million and operating profit stood at USD 262.2 million.
Likewise, the Shanghai Containerized Freight Index (SCFI) averaged 1,957 points in the first half of 2026, 15% more than the 1,701 points of the previous year.
According to HMM, despite revenue losses and the increase in fuel costs driven by the conflicts in the Middle East since last March, freight rates rebounded starting in late May, due to the early start of the peak season.
The shipping company highlighted that it achieved stable profitability amid market volatility by optimizing fuel costs, maximizing fleet efficiency through its “Hub & Spoke” strategy, and capturing new demand in Southeast Asia.
Hyundai Merchant Marine expects market uncertainty in the third quarter of 2026 to increase, due to supply chain risks such as U.S. tariffs, port congestion, and geopolitical conflicts.
