Return to double-digit spot rate gains looms with new FAK hikes and surcharges
As expected after last week’s surge in spot rate levels, this week saw more modest ...
South Korean carrier SM Line moved closer to its planned November initial public offering on the Seoul bourse after issuing its pricing guidance earlier this month – with the aim, for the brave Koreans, of entering the Asia-US east coast trade thanks to the expected proceeds from the stock sale.
Not so fast: let’s digest some scant numbers first.
According to a recent note from Alphaliner (mostly confirmed by others), SM Line has set a share price range of SKW18,000-25,000 ($15.3-21.25), which ...
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