SM Line Corp., a mid-sized shipping firm here, said Monday that it will begin its services on nine routes to Thailand, Vietnam, Japan and other regions with a fleet of 12 container ships.
Late last year, SM Group, which owns South Korea’s No. 2 bulk carrier Korea Line Corp., acquired now-defunct Hanjin Shipping Co.’s U.S.-Asia route and other assets for 37 billion won (US$32 million).
The shipping firm said it will be able to expand its services as well.
Of the 12 ships, the company runs six chartered ships.
Its fleet includes eight 6,500 TEU-ships and one 4,300 TEU-vessel, SM Line said.
The company said it aims to log 3 trillion won in sales within five years.
Source: Yonhap