Shares of South Korean shippers, including HMM KRX:011200, rallied on Tuesday after oil shipping costs surged to all-time high as the conflict in the Middle East intensified.
HMM shares jumped 14% in Seoul trading.
Shares in Korean shippers rally after Iran conflict boosts freight costs
Earlier from Hmm Co.,ltd
- Hmm Co Ltd - Total Dividend Amount Is 660 Billion Won
- HMM: Revenue and profit fell amid market challenges, but financial stability and green investments continued