Independent journal on economy and transport policy
19:45 GMT+2
S. Korean Shipping Companies Sell Vessels to Shipping Funds
(Maeil Business Newspaper)
October 26, 2009
An increasing number of South Korean shipping companies suffering from deteriorating market conditions are putting their ships on the market. According to the industry circle on October 26, shipping companies have requested sales of 44 ships to the “KDB Let's Together” shipping fund of the Korean Development Bank (KDB). Hyundai Merchant Marine Co. is also under negotiation to sell two additional ships to Korea Asset Management Corp. (KAMCO) fund ...... Read more on Maeil Business Newspaper
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