Korean boxship line HMM has reduced its first quarter loss as revenue rose.
The operating deficit was KRW 105.7bn ($88.8m), down from KRW 170.1m a year ago.
It blamed high bunker costs, the US-China trade conflict and a delay in the rate of regional recovery for the red ink.
Revenue was up 18% at KRW 1.31 trillion, led by higher transport volumes and load factor.
