South Korean state may prefer bigger stake in cash-rich HMM to a sale
The South Korean state could increase its stake in HMM to 72%, as the country’s ...
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HMM has turned the legal cannons on Samsung Electronics America (SEA), seeking $13m in unpaid shipping fees via the US District Court for the Central District of California.
The South Korean carrier’s court filing follows SEA claims, through the FMC, against not only HMM, but also Cosco, OOCL, SM Line and Zim, for millions of dollars.
The filing to the California court notes: ““Despite due demand by HMM, defendant SEA breached its contractual obligations by failing ...
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