The company said that the situation would persist on the back of concerns on a global economic slowdown, Brexit and the US-China trade war.
“Liners’ burden of high fuel costs will increase due to the US sanctions against Iran, OPEC agreeing to cut oil production, and increase in demand of low sulfur fuel oil in preparation for IMO 2020,” according to the shipowner.
The company unveiled its 2019 outlook as part of its financial report for 2018, in which it noted that HMM managed to increase its volumes and revenues during the year.
