SM Line, South Korea’s newest containerline, owned by Samra Midas Group, continues to make waves. SM, which also owns dry bulk operator Korea Line Corp, will now take on bankrupt Hanjin Shipping’s Korean terminals to go alongside Hanjin’s transpacific operations which it acquired in November.
SM Shipping will buy a 100% stake in Gwangyang Terminal and an 85.45 percent stake in Gyeongin Terminal from the country’s former largest shipowner.
SM Line is also mulling the acquisition of Hanjin’s Busan New Port Terminal.
Source: Splash 24/7 (LF)
Source: Splash 24/7