Korean boxship and VLCC owner HMM has been pushed to a higher loss in the third quarter as fuel costs rose.

The company said the net deficit was KRW 166.7bn ($146.7m), from KRW 60.3m in the same period of 2017.

Revenue was KRW 1.42 trillion, up 10% year-on-year, with container volumes up 12.8% to 1.18m teu.

But bunker cost increased by KRW 73.1bn.