HMM rolls out extra service to support Samsung, LG demand surge

Cons. Discr. - Autos 935 Cons. Discr. - Durables 323 Corp - Shipping 795 Info Tech - Tech Hardware 607 Mode - Containerized 1251 Mode - Seaborne 1582 South Korea 504 U.S. 4555

Container-line HMM will continue its temporary Busan-to-Los Angeles service for a third month in response to soaring Transpacific shipping demand, including using a larger vessel. That follows a move by Matson to make its second China service permanent and indicates growing confidence in continued strong demand from the liners. HMM’s Busan-to-LA shipping climbed three-fold from June’s pandemic-induced lows in September but was still 35.3% lower than a year earlier. The downturn is due to continued weakness in auto parts shipments linked to Hyundai and Hankook which fell by 37.9% and 45.4...

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