Korean banks must offer ship leasing to keep HMM fleet competitive
A South Korean lawmaker has called on the country’s banks to become more involved in ...
Hyundai Merchant Marine (HMM) is to buy a 20% stake in Hanjin’s US port terminal operator, Total Terminals International, for $15.6m.
A US court has given its approval for the purchase, which would make HMM the second largest shareholder in TTI, after MSC. TTI operates terminals at Seattle and Long Beach.