SM Line buys into HMMJan, 04, 2022 Posted by Gabriel Malheiros
With the government revealing it is keen to offload its stake in flagship carrier HMM, a smaller Korean boxline has emerged as a shareholder.
SM Line, which came into existence around the time that Hanjin Shipping folded five years ago, has revealed it has paid $14m to take a 0.49% stake in HMM.
SM Line recently ditched plans for an IPO. Its fleet size is approximately 11 times smaller than HMM’s. SM Line is part of SM Group, a diverse conglomerate primarily involved in construction, which also owns dry bulk and tanker concern, Korea Line Corporation.
To read the full complete article please visit: https://splash247.com/sm-line-buys-into-hmm/
Jul, 14, 2021
ANEC raises Brazil’s corn export forecast in July
Feb, 19, 2020
PPI qualifies six new transport infrastructure projects
Feb, 16, 2022
Port congestion in 2022 eases in the United States but shifts to Asia
Feb, 08, 2023
Turkey to receive 5 thousand live bulls from Brazil in the midst of post-earthquake chaos