HMM flags risk of boxship glut again as weak rates bite
- South Korean flagship carrier warned of looming container oversupply after a sharp drop in 1Q26 results
- Despite a fresh round of freight rate increases, some container carriers’ earnings still disappoint
- Boxship market expected to remain uncertain amid Middle East crisis
HMM sounded a second alarm on the oversupply of newbuildings that will likely push weak freight rates even lower
