HMM’s profits were halved for the second straight quarter, but it is reportedly edging closer to a touted order for methanol-powered container ships.

Net profit at the South Korean liner giant plummeted to KRW 1.4trn ($1.09bn) for the fourth quarter of 2022, down 47% from the same period in 2021, according to preliminary unaudited figures released on 13 February.

The result is sharply down from KRW 2.9trn