South Korean ship owners body against POSCO becoming HMM stakeholder

HMM Dream / Source: HMM

The Korea Shipowners’ Association (KSA) has voiced objections to a possible attempt by South Korea’s largest steel maker, POSCO, to take a major stake in the country’s national shipping line HMM.

On 8 September, POSCO said it had formed an advisory team with Pricewaterhouse Coopers and Boston Consulting Group to explore the feasibility of acquiring HMM.

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