Report: New Carrier SM Shipping Starts First Service in March
SM Shipping, a new container carrier established by South Korea’s Samra Midas (SM) Group after the group acquired Asia-US route from bankrupt Hanjin Shipping, plans to start its first service on March 8 along the East and the South China Sea, Korean news
Korea Line’s Shareholders Reject Purchase of Hanjin Assets
The shareholders of the South Korean shipping company Korea Line Corp., part of SM Group, have refused to approve the purchase of Hanjin Shipping’s Asia-US route network, according to Yonhap News Agency.
Korea Line Signs USD 31.4 Mn Deal to Buy Hanjin Assets
South Korea’s shipping company Korea Line Corp has signed a KRW 37 billion (USD 31.4 million) agreement to buy the Asia-US route network from the bankrupt container carrier Hanjin Shipping, the company said in a stock exchange filing.
Report: Korea Line Cleared to Take Over Hanjin’s Asia-US Route
South Korean shipping company Korea Line Corp. has been selected as the preferred bidder for bankrupt Hanjin Shipping’s Asia-US route and for the firm’s stake in a container terminal at California’s Long Beach, local media reports.