SM Line’s 1st Service to Include 5 Hanjin Boxships
Five vessels previously owned by South Korea’s bankrupt carrier Hanjin Shipping are to be deployed in the first service of SM Line, a new shipping firm formed by Samra Midas (SM) Group.
Report: SM Could Ask HMM to Jointly Buy Hanjin’s US Terminal
SM Group, owner of South Korea’s shipping company Korea Line Corp., may propose a joint acquisition of Hanjin Shipping’s 54% stake in a container terminal at California’s Long Beach to another shipping company, Hyundai Merchant Marine (HMM), local media r
Report: South Korea to Provide Its Shipping Firms with USD 5.7 Bn Funding
South Korea’s government intends to provide funding of KRW 6.5 trillion (USD 5.7 billion) to help the country’s shipping companies renew their fleets, Reuters reported.