The Korea Fair Trade Commission is examining MSC’s investment in Sinokor Maritime, after South Korean oil refiners and ship owners apparently informed South Korea’s anti-trust body that the Swiss-Italian group’s backing could give Sinokor Maritime substantial control over the tanker market.
KFTC has reportedly asked South Korea’s four largest refiners—SK Energy, GS Caltex, S-Oil, and HD Hyundai Oilbank—to give feedback about MSC becoming Sinokor Maritime’s shareholder.
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