News / HMM launches world's biggest box ship – but its first voyage may be the last

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As South Korean shipping line HMM today formally launched the world’s largest containership, the country’s government outlined an enormous financial package to prop up its maritime industries.

According to a report in The South Korea Herald, the ministry for oceans and fisheries has set aside SKw1.25trn (US$1bn) to help shipping lines, shipyards and other maritime players.

Minister Moon Seong-hyeok said: “The shipping firms are expected to suffer more serious damage after the second quarter, considering the time lapse between the global economic ...