Subscribe to RSS feedKorean lines take up government handout
SOME of South Korea’s leading shipping companies are among maritime operators aiming to take advantage of a sale and lease-back fund led by state-run Korea Asset Management Corp.
Hanjin Shipping, Hyundai Merchant Marine (HMM) and STX Pan Ocean have offered to sell 20, six and four vessels respectively, to the Won4trn (US$3.1bn) shipping fund raised by Kamco, private equity and financial institutions, Kamco spokesman Woo Jong-chul said. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
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