The Seoul-listed Korean containerline booked a third quarterdeficit of KRW 270.4bn ($252m) against a KRW 118.3bn loss for the same leg of 2012.

The result was worse than the KRW 107.8bn loss predicted byanalysts.

Revenue of KRW 2.25 trillion was slightly up on KRW 2.12trillion a year earlier.

HMM is currently undergoing a financial restructuring to seeit through the shipping downturn.

Shares in the company edged up today after it announced itsparticipation in a railway project between North Korea and Russia.