Independent journal on economy and transport policy
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Hanjin Shipping and Hyundai Merchant Marine refute to have received sollicitations from the government in order to realize a fusion
The two companies have explained not to have received some demand to examine initiatives by the executive
October 28, 2015
The South Korean shipowning societies Hanjin Shipping and Hyundai Merchant Marine (HMM) have communicated today not to have received sollicitations from the government of Seul in order to realize a fusion between the two companies. This hypothesis is advanced by the daily paper "Korea Economic Daily", second which the South Korean executive would press because such consolidation was carried out in consideration of the liquidity problems that would weigh on the two shipowning companies.
HMM and Hanjin Shipping have explained not to have received some demand to examine initiatives by the government.
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