News / Coming up for sale: Korean shipping line HMM, but it will be expensive

© Marius Steinke |

HMM’s second-largest shareholder, Korea Ocean Business Corp (KOBC), wants to reduce its shareholding and end its management over the flagship liner operator by 2024.

And KOBC, a state-supported ship finance institution, wants the state to divest its entire interest in HMM by the end of 2025, disclosed lawmaker Shin Jeong-hoon, a member of the National Assembly’s Agriculture, Forestry, Livestock, Food, Oceans and Fisheries Committee, today.

A KOBC official told The Loadstar: “It is only a matter of time before HMM gets out ...