Hyundai 2009 loss $499 million

Hyundai 2009 loss $499 million    Korean ocean carrier Hyundai Merchant Marine sank deep into the red in 2009, with a $499 million operating loss a year after it had $518 million in operating profit.
   The line's revenue sank 23.5 percent in 2009 to $5.4 billion. The figures were made available in a brief income statement about the fourth quarter of last year. The carrier will release its annual report in June.
   Hyundai joins a host of container lines to have announced massive losses last year. Loss projections for the industry range from $13 billion to $20 billion.