Restructuring Korean shipowner HMM has posted a net loss of KRW 627bn ($525.18m) for 2015.
This compares to a profit of KRW 21.8bn in 2014 as dire bulker and boxship markets took their toll.
Revenue declined from KRW 6 trillion to KRW 5 trillion, while the operating loss was KRW 253.5bn, against a deficit of KRW 235bn in 2014.
The final result means it racked up a loss of KRW 408.2bn
